PFMP · Question #409
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a…
The correct answer is C. Resource optimization and Benefits Realization. A portfolio performance management plan includes resource optimization approaches and benefits realization content to guide how performance will be tracked and value delivered. These are its defining components.
Question
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust performance management plan. What is expected to be found in this plan?
Options
- AIdentified stakeholder expectations
- BResources required by type and quantity
- CResource optimization and Benefits Realization
- DPortfolio Vision and measurable goals and guidance
How the community answered
(23 responses)- A9% (2)
- B4% (1)
- C74% (17)
- D13% (3)
Why each option
A portfolio performance management plan includes resource optimization approaches and benefits realization content to guide how performance will be tracked and value delivered. These are its defining components.
Identified stakeholder expectations are captured in the stakeholder engagement plan or stakeholder register, which are separate documents from the performance management plan.
Resources required by type and quantity are detailed in the portfolio resource management plan, not in the performance management plan.
Resource optimization and benefits realization are core components of a portfolio performance management plan because the plan must address how resources will be efficiently allocated across components and how the expected benefits will be tracked, measured, and realized throughout the portfolio lifecycle to demonstrate strategic value.
Portfolio vision and measurable goals belong in the portfolio charter or strategic plan, which establishes high-level direction rather than detailing how performance will be managed.
Concept tested: Contents of the portfolio performance management plan
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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