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PFMP · Question #52

You want to know the procurement procedure for your portfolio components. Which document should you read?

The correct answer is D. Portfolio Management Plan. The Portfolio Management Plan is the document that defines procedures and processes for how the portfolio will be managed, including procurement procedures for portfolio components.

Portfolio Governance

Question

You want to know the procurement procedure for your portfolio components. Which document should you read?

Options

  • APortfolio Roadmap
  • BPortfolio Charter
  • CPortfolio Strategic Plan
  • DPortfolio Management Plan

How the community answered

(38 responses)
  • B
    3% (1)
  • C
    5% (2)
  • D
    92% (35)

Why each option

The Portfolio Management Plan is the document that defines procedures and processes for how the portfolio will be managed, including procurement procedures for portfolio components.

APortfolio Roadmap

The Portfolio Roadmap provides a high-level timeline and dependencies between portfolio components and strategic objectives, not procedural guidance.

BPortfolio Charter

The Portfolio Charter authorizes the portfolio and defines its vision, scope, and success criteria but does not contain operational procedures like procurement.

CPortfolio Strategic Plan

The Portfolio Strategic Plan links the portfolio to the organizational strategy and long-term goals but does not define operational procedures.

DPortfolio Management PlanCorrect

The Portfolio Management Plan is a comprehensive document that describes how a portfolio will be organized, monitored, and controlled. It includes subsidiary plans and procedures such as procurement, communication, risk, and performance management procedures for portfolio components. It is the authoritative source for operational-level procedures within the portfolio.

Concept tested: Portfolio Management Plan content and purpose

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

Topics

#Portfolio Documentation#Portfolio Management Plan#Procurement Management

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