During the portfolio lifecycle, components will be authorized, initiated, executed and closed accordingly. For authorizing the portfolio, as a program manager you will use which of the Which of the…

The correct answer is B. PMIS, Authorization techniques. According to PMI's Standard for Portfolio Management, the 'Authorize Portfolio' process has two specific tools and techniques: (1) PMIS (Portfolio Management Information System), which supports tracking and communication of authorization decisions, and (2) Authorization…

Portfolio Strategic Management

Question

During the portfolio lifecycle, components will be authorized, initiated, executed and closed accordingly. For authorizing the portfolio, as a program manager you will use which of the Which of the following tools and techniques?

Options

APMIS, Authorization techniques, Scenario Analysis
BPMIS, Authorization techniques
CAuthorization techniques, Scenario Analysis
DPMIS, Authorization techniques, Review Meetings

How the community answered

(28 responses)

A
4% (1)
B
93% (26)
D
4% (1)

Explanation

According to PMI's Standard for Portfolio Management, the 'Authorize Portfolio' process has two specific tools and techniques: (1) PMIS (Portfolio Management Information System), which supports tracking and communication of authorization decisions, and (2) Authorization Techniques, which are the formal methods used to approve, defer, or reject components. Scenario Analysis and Review Meetings are used in other portfolio processes (such as Optimize Portfolio), not in the Authorize Portfolio process specifically. This is a common exam trap - knowing the exact T&T per process is critical.

Topics

#Portfolio Authorization#Tools and Techniques#Portfolio Lifecycle#PMIS

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