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PFMP · Question #410

As a portfolio manager and as part of your governance role, you use multiple tools and techniques to monitor and control the portfolio and maintain oversight. Which of the following can be used as…

The correct answer is B. Review meetings, Elicitation techniques. The tools and techniques for the Provide Portfolio Oversight process are review meetings and elicitation techniques. Other options introduce items that are not standard T&Ts for this specific process.

Domain II: Governance

Question

As a portfolio manager and as part of your governance role, you use multiple tools and techniques to monitor and control the portfolio and maintain oversight. Which of the following can be used as tools and techniques in your role in oversight?

Options

  • AReview meetings, Elicitation techniques, Integration Management
  • BReview meetings, Elicitation techniques
  • CReview meetings, Elicitation techniques, Scenario Analysis
  • DReview meetings, Elicitation techniques, PMIS

How the community answered

(42 responses)
  • A
    7% (3)
  • B
    88% (37)
  • C
    2% (1)
  • D
    2% (1)

Why each option

The tools and techniques for the Provide Portfolio Oversight process are review meetings and elicitation techniques. Other options introduce items that are not standard T&Ts for this specific process.

AReview meetings, Elicitation techniques, Integration Management

Integration management is a portfolio management knowledge area, not a tool or technique - it cannot be listed as a T&T for any specific portfolio process.

BReview meetings, Elicitation techniquesCorrect

Review meetings and elicitation techniques are the two standard tools and techniques specified for the Provide Portfolio Oversight process in the PMI Standard for Portfolio Management, enabling the portfolio manager to collect information, assess governance compliance, and evaluate portfolio status in a structured and repeatable manner.

CReview meetings, Elicitation techniques, Scenario Analysis

Scenario analysis is a tool and technique applied in optimization and risk-related portfolio processes, not one of the defined T&Ts for the Provide Portfolio Oversight process.

DReview meetings, Elicitation techniques, PMIS

PMIS (Portfolio Management Information System) is a tool used broadly across portfolio management, but it is not specifically listed as a tool and technique for the Provide Portfolio Oversight process in the standard.

Concept tested: Tools and techniques for Provide Portfolio Oversight process

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

Topics

#Portfolio Governance#Oversight#Tools and Techniques#Monitoring and Control

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