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PFMP · Question #462

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 D. Portfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise. This question addresses the correct set of inputs used when developing a portfolio performance management plan according to the PMI Standard for Portfolio Management.

Portfolio Performance

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 are developing a robust performance management plan. What can you use to help you start developing this plan?

Options

  • APortfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio
  • BPortfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise
  • CPortfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
  • DPortfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise

How the community answered

(46 responses)
  • A
    2% (1)
  • B
    9% (4)
  • C
    4% (2)
  • D
    85% (39)

Why each option

This question addresses the correct set of inputs used when developing a portfolio performance management plan according to the PMI Standard for Portfolio Management.

APortfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio

'Portfolio Process Assets' is not a recognized standard PMI input term - the correct term is Organizational Process Assets, and this option omits Portfolio Reports.

BPortfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise

This option incorrectly uses 'Portfolio Process Assets' instead of Portfolio Reports, and Enterprise Environmental Factors are replaced, making the input set incomplete.

CPortfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors

This option omits Organizational Process Assets, which are critical inputs that supply historical performance information, templates, and organizational policies.

DPortfolio Management Plan, Organizational Process Assets, Portfolio Reports, EnterpriseCorrect

The Portfolio Management Plan provides overall management guidance and direction, Organizational Process Assets supply historical data, templates, and lessons learned, Portfolio Reports provide current performance status information, and Enterprise Environmental Factors account for regulatory, cultural, and market conditions affecting performance. Together these four inputs give the portfolio manager the foundational context needed to build a robust performance management plan.

Concept tested: Inputs to portfolio performance management plan development

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

Topics

#Portfolio Performance Management#Portfolio Planning#Inputs#PMI ITTO

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