Consider you are a veteran portfolio manager and that you are managing the most important portfolio in your company. What are the processes you execute as part of the portfolio governance?

Question

Options

• ADefine Portfolio and Optimize Portfolio
• BPortfolio Performance Management and Portfolio Communication Management
• CPortfolio Management Plan and Portfolio Strategic Plan
• DDefine Portfolio and Authorize Portfolio

• A
  91% (21)
• B
  4% (1)
• D
  4% (1)

Explanation

According to PMI's Standard for Portfolio Management, Portfolio Governance Management encompasses key processes including Define Portfolio and Optimize Portfolio (along with Develop Portfolio Management Plan, Authorize Portfolio, and Provide Portfolio Oversight). 'Define Portfolio' establishes the portfolio structure and criteria for inclusion, while 'Optimize Portfolio' balances the component mix to best achieve strategic objectives. The other answer choices either describe different knowledge areas (Performance Management, Communication Management) or are documents rather than processes (Portfolio Management Plan, Strategic Plan). The core governance processes revolve around defining, balancing, and authorizing portfolio components.

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