PFMP · Question #493
The portfolio management information system is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce…
The correct answer is D. All of the options. An effective PMIS is comprehensive and encompasses all categories of tools - change management systems, software tools, risk databases, financial systems, and communication processes - needed to support portfolio decision-making.
Question
The portfolio management information system is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage information systems to support a successful portfolio, and includes tools and processes such as:
Options
- AChange or configuration management systems, Communication management processes and
- BSoftware tools, Risk database and analysis tools, Earned value management processes and tools
- CFinancial management processes and systems, Communication management processes and
- DAll of the options
How the community answered
(24 responses)- B8% (2)
- C4% (1)
- D88% (21)
Why each option
An effective PMIS is comprehensive and encompasses all categories of tools - change management systems, software tools, risk databases, financial systems, and communication processes - needed to support portfolio decision-making.
Change and configuration management systems and communication processes are valid PMIS components, but selecting only this subset excludes financial and risk tools that are equally part of an effective PMIS.
Software tools, risk databases, and earned value processes are valid components, but this subset omits financial management and communication processes that are also essential PMIS elements.
Financial management processes and communication systems are valid, but this subset omits risk management tools and earned value processes that are also required for a complete PMIS.
The PMI Standard for Portfolio Management defines PMIS broadly to include any tools and processes that enable the portfolio manager to define, analyze, and manage information. Change and configuration management, risk analysis tools, earned value management, financial systems, and communication processes each address different information needs of the portfolio, and all are valid PMIS components.
Concept tested: Components of the Portfolio Management Information System (PMIS)
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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