PFMP · Question #436
When it comes to managing a portfolio, you have a variety of assets, plans and tools and techniques used. It requires a good experience to handle all of these artifacts. One of your portfolio team mem
The correct answer is B. The portfolio performance management plan is a subsidiary plan or a component of the portfolio. The Portfolio Management Plan is the overarching management document, and the Portfolio Performance Management Plan is a subsidiary plan (component) nested within it. The Portfolio Management Plan contains several subsidiary plans that together describe how various aspects of the
Question
When it comes to managing a portfolio, you have a variety of assets, plans and tools and techniques used. It requires a good experience to handle all of these artifacts. One of your portfolio team members came to you asking about the relation between the portfolio performance management plan, the portfolio management plan and portfolio strategic plan. What should your answer be?
Options
- AThe portfolio strategic plan is a subsidiary plan or a component of the portfolio management plan.
- BThe portfolio performance management plan is a subsidiary plan or a component of the portfolio
- CThe portfolio performance management plan is a subsidiary plan or a component of the portfolio
- DThe portfolio performance management plan and the portfolio strategic plan are both subsidiaries
How the community answered
(27 responses)- A4% (1)
- B93% (25)
- C4% (1)
Explanation
The Portfolio Management Plan is the overarching management document, and the Portfolio Performance Management Plan is a subsidiary plan (component) nested within it. The Portfolio Management Plan contains several subsidiary plans that together describe how various aspects of the portfolio will be managed - performance being one of them. The Portfolio Strategic Plan is a separate, higher-level document focused on strategic alignment and goals. So the correct relationship is: Portfolio Performance Management Plan ⊂ Portfolio Management Plan, with the Strategic Plan being a distinct document at a different level.
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