PFMP · Question #474
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success
The correct answer is B. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process. The process described is 'Develop Portfolio Risk Management Plan,' which establishes the framework and guidelines that cascade down to program and project risk plans. Per the PMI Standard for Portfolio Management, the outputs of this process are: Portfolio Management Plan updates
Question
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. You started with developing the plan that will be used as guideline for the component plans to manage risks at their level. What are the outputs of this plan?
Options
- APortfolio Management Plan updates, Portfolio updates, Portfolio Reports, Enterprise
- BPortfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process
- CPortfolio Management Plan updates, Organizational Process Assets updates, Portfolio Reports,
- DPortfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process
How the community answered
(23 responses)- A4% (1)
- B91% (21)
- C4% (1)
Explanation
The process described is 'Develop Portfolio Risk Management Plan,' which establishes the framework and guidelines that cascade down to program and project risk plans. Per the PMI Standard for Portfolio Management, the outputs of this process are: Portfolio Management Plan updates (the risk management plan becomes a subsidiary component) and Organizational Process Assets updates (templates, lessons learned, risk registers, and risk management procedures). Answer B correctly identifies these two outputs. The other options incorrectly include Portfolio Reports or Portfolio Process Assets, which are not outputs of this planning process.
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