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PFMP · Question #387

You have been assigned as the manager for a major transformation portfolio in your company. You are acquiring the position due to the failure of the previous manager and the strategic importance of…

The correct answer is A. Allocation of funds and resources for different types of initiatives and how these contribute to the. The Portfolio Strategic Plan is the document that links organizational strategy to portfolio execution. It contains the strategic goals and objectives, how the portfolio supports those goals, and critically - how funds and resources are allocated across different types of…

Strategic Alignment

Question

You have been assigned as the manager for a major transformation portfolio in your company. You are acquiring the position due to the failure of the previous manager and the strategic importance of the portfolio. You start by consulting the portfolio strategic plan. What do you expect finding in that plan?

Options

  • AAllocation of funds and resources for different types of initiatives and how these contribute to the
  • BGovernance model
  • CManaging strategic changes
  • DScope of the portfolio and the initial list of primary internal and external portfolio stakeholders

How the community answered

(70 responses)
  • A
    86% (60)
  • B
    4% (3)
  • C
    1% (1)
  • D
    9% (6)

Explanation

The Portfolio Strategic Plan is the document that links organizational strategy to portfolio execution. It contains the strategic goals and objectives, how the portfolio supports those goals, and critically - how funds and resources are allocated across different types of initiatives and how each initiative category contributes to strategic outcomes. As a new portfolio manager needing to understand the 'why' and financial/resource landscape of the portfolio, this is precisely what you would expect to find there. Option B (Governance model) is found in the Portfolio Management Plan. Option C (Managing strategic changes) is a process described in the Portfolio Management Plan or governance framework. Option D (Scope and stakeholder list) is found in the Portfolio Charter, not the Strategic Plan.

Topics

#Portfolio Strategic Plan#Strategic Alignment#Resource Allocation#Portfolio Planning

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