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.
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)- B3% (1)
- C5% (2)
- D92% (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.
The Portfolio Roadmap provides a high-level timeline and dependencies between portfolio components and strategic objectives, not procedural guidance.
The Portfolio Charter authorizes the portfolio and defines its vision, scope, and success criteria but does not contain operational procedures like procurement.
The Portfolio Strategic Plan links the portfolio to the organizational strategy and long-term goals but does not define operational procedures.
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
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