PFMP · Question #466
Portfolio Prioritization Model is included in the Portfolio management plan and Portfolio Strategic Plan. How does it serve the Portfolio as part of the Portfolio Strategic Plan?
The correct answer is D. Used as a decision framework to structure the portfolio components. This question tests understanding of the specific role the Portfolio Prioritization Model plays within the Portfolio Strategic Plan.
Question
Portfolio Prioritization Model is included in the Portfolio management plan and Portfolio Strategic Plan. How does it serve the Portfolio as part of the Portfolio Strategic Plan?
Options
- AAll of the options
- BEnsures benefits are comprehensively and holistically taken into consideration
- CGuides the ongoing decisions as to which portfolio components should be added, terminated, or
- DUsed as a decision framework to structure the portfolio components
How the community answered
(26 responses)- A4% (1)
- D96% (25)
Why each option
This question tests understanding of the specific role the Portfolio Prioritization Model plays within the Portfolio Strategic Plan.
'All of the options' is incorrect because the other choices describe functions that belong to different documents or processes, not specifically to the Prioritization Model's role within the Strategic Plan.
Ensuring benefits are comprehensively considered is the responsibility of the Benefits Management plan and related processes, not the primary function of the Prioritization Model in the Strategic Plan.
Guiding ongoing decisions about adding, terminating, or changing components is a function attributed to the Prioritization Model within the Portfolio Management Plan, not the Strategic Plan.
Within the Portfolio Strategic Plan, the Portfolio Prioritization Model serves as a decision framework that defines the criteria, weighting, and scoring methodology used to structure and rank portfolio components in alignment with strategic goals. It provides the structured basis by which component candidates are evaluated and organized, ensuring the portfolio composition reflects organizational priorities.
Concept tested: Portfolio Prioritization Model role in Portfolio Strategic Plan
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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