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PFMP · Question #396

Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the

The correct answer is B. Elicitation. Elicitation is the formal portfolio management process for actively soliciting requirements and information from stakeholders throughout the portfolio lifecycle.

Portfolio Stakeholder Engagement

Question

Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the portfolio aligned with stakeholders expectations. What is the process for soliciting requirements called?

Options

  • ACommunication Requirements Analysis
  • BElicitation
  • CStakeholder Analysis
  • DCommunication Methods

How the community answered

(55 responses)
  • A
    5% (3)
  • B
    89% (49)
  • C
    4% (2)
  • D
    2% (1)

Why each option

Elicitation is the formal portfolio management process for actively soliciting requirements and information from stakeholders throughout the portfolio lifecycle.

ACommunication Requirements Analysis

Communication Requirements Analysis determines what information stakeholders need to receive, not how to actively solicit requirements and expectations from them.

BElicitationCorrect

Elicitation is the recognized process in the PMI Standard for Portfolio Management for drawing out requirements, expectations, and information from stakeholders using structured techniques. It is specifically designed to ensure that stakeholder needs are continuously gathered and that the portfolio remains aligned with evolving stakeholder expectations.

CStakeholder Analysis

Stakeholder Analysis identifies and assesses stakeholders, their influence, and their interests, but is not the process used to actively gather and solicit requirements.

DCommunication Methods

Communication Methods refers to the channels and approaches used to distribute information to stakeholders, not to gathering or soliciting requirements from them.

Concept tested: Elicitation process for stakeholder requirement gathering

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

Topics

#Elicitation#Requirements Management#Stakeholder Management#Portfolio Management

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