PFMP · Question #498
You have set a series of meetings with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. As a result you have defined and develo
The correct answer is C. Achieving Results. Managing ongoing portfolio activities after strategic goals, budgets, and plans are defined represents the 'Achieving Results' focus within the portfolio management performance domain.
Question
You have set a series of meetings with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. As a result you have defined and developed the portfolio strategic goals, near-term budgets, and plans, and you now want to start managing ongoing portfolio activities. What is the focus of what you are doing?
Options
- AAuthorizing the portfolio
- BAll of the options
- CAchieving Results
- DInitiating the portfolio
How the community answered
(27 responses)- A11% (3)
- B7% (2)
- C78% (21)
- D4% (1)
Why each option
Managing ongoing portfolio activities after strategic goals, budgets, and plans are defined represents the 'Achieving Results' focus within the portfolio management performance domain.
Authorizing the portfolio is a formal approval step that occurs earlier in the lifecycle, before strategic goals and budgets are finalized and communicated.
'All of the options' is incorrect because the scenario specifically describes post-planning ongoing management, which maps precisely and exclusively to the achieving results phase.
The 'Achieving Results' focus area in portfolio management covers the active management, monitoring, and controlling of ongoing portfolio activities to deliver the strategic value defined in the plans. Once the portfolio has been authorized and strategic goals are established, the portfolio manager's attention shifts to ensuring components perform as planned and the portfolio delivers its intended outcomes.
Initiating the portfolio is an earlier phase focused on establishing the portfolio structure and obtaining authorization; by the time strategic plans and near-term budgets exist, initiation is already complete.
Concept tested: Portfolio management 'Achieving Results' performance domain
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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