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PFMP · Question #497

You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and…

The correct answer is D. Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative Analysis. Balancing internal capacity against outsourced work requires scenario analysis to model options, capability and capacity analysis to assess what can be done internally, and quantitative and qualitative analysis to evaluate tradeoffs.

Portfolio Performance Management

Question

You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. What you use to perform this?

Options

  • AElicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis
  • BElicitation techniques, Communication Requirements Analysis, Stakeholder analysis
  • CElicitation techniques, Capability & Capacity Analysis, PMIS
  • DScenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative Analysis

How the community answered

(37 responses)
  • A
    3% (1)
  • B
    5% (2)
  • C
    8% (3)
  • D
    84% (31)

Why each option

Balancing internal capacity against outsourced work requires scenario analysis to model options, capability and capacity analysis to assess what can be done internally, and quantitative and qualitative analysis to evaluate tradeoffs.

AElicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis

Value scoring and benefits realization are tools for component prioritization and benefit tracking, not for balancing internal resource supply against outsourced demand.

BElicitation techniques, Communication Requirements Analysis, Stakeholder analysis

Communication requirements analysis and stakeholder analysis are relevant to stakeholder engagement planning, not to supply and demand resource balancing activities.

CElicitation techniques, Capability & Capacity Analysis, PMIS

While capability and capacity analysis is relevant, elicitation techniques and PMIS alone do not provide the scenario modeling or analytical depth needed to balance supply and demand decisions.

DScenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative AnalysisCorrect

Scenario analysis allows the portfolio manager to model different supply and demand configurations - such as varying levels of outsourcing - and evaluate their outcomes. Capability and capacity analysis determines the realistic internal supply of resources. Quantitative and qualitative analysis then measures and evaluates the efficiency, cost, and risk tradeoffs between internal and outsourced delivery, providing a complete toolkit for supply and demand management.

Concept tested: Supply and demand management tools in portfolio management

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

Topics

#Resource Management#Portfolio Optimization#Capacity Planning#Strategic Decision Making

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