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PFMP · Question #392

Multiple changes have been recommended and approved in your portfolio and the need for continuous optimization seems to never end. This is normal in a portfolio and optimizing the components mix and…

The correct answer is A. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports. The Optimize Portfolio process produces a defined set of outputs including roadmap updates, Portfolio Management Plan updates, portfolio updates, and portfolio reports.

Portfolio Performance

Question

Multiple changes have been recommended and approved in your portfolio and the need for continuous optimization seems to never end. This is normal in a portfolio and optimizing the components mix and the use of resources is key to success. As a portfolio manager you will be re- visiting the Optimize Portfolio process countless times. Which of the following are considered outputs to this process?

Options

  • ARoadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports,
  • BRoadmap update, Portfolio Strategic Plan update, Portfolio update, Portfolio Reports, Portfolio
  • CRoadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports,
  • DRoadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports,

How the community answered

(24 responses)
  • A
    88% (21)
  • B
    4% (1)
  • D
    8% (2)

Why each option

The Optimize Portfolio process produces a defined set of outputs including roadmap updates, Portfolio Management Plan updates, portfolio updates, and portfolio reports.

ARoadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports,Correct

According to the PMI Standard for Portfolio Management, the outputs of the Optimize Portfolio process include updates to the Portfolio Roadmap, the Portfolio Management Plan, the Portfolio itself, and Portfolio Reports, which together communicate the results of the optimization decisions. These outputs ensure all relevant documentation reflects the newly balanced component mix and resource allocation.

BRoadmap update, Portfolio Strategic Plan update, Portfolio update, Portfolio Reports, Portfolio

The Portfolio Strategic Plan update is an input that drives optimization decisions rather than an output produced by the Optimize Portfolio process.

CRoadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports,

This choice contains an incomplete or altered combination of outputs that does not match the standard set of outputs defined for the Optimize Portfolio process in the PMI standard.

DRoadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports,

Like choice C, this option presents a combination of outputs that deviates from the defined outputs of the Optimize Portfolio process as specified by PMI.

Concept tested: Optimize Portfolio process outputs

Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management

Topics

#Portfolio Optimization#Portfolio Processes#Process Outputs#PFMP Concepts

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