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PFMP · Question #536

A new portfolio manager in your organization is currently preparing his portfolio charter and has come to you asking advice about what should be present in charter

The correct answer is B. Key dependencies, critical success criteria, high-level timelines. A portfolio charter should contain key dependencies, critical success criteria, and high-level timelines as foundational elements that authorize and scope the portfolio.

Governance

Question

A new portfolio manager in your organization is currently preparing his portfolio charter and has come to you asking advice about what should be present in charter

Options

  • AJustification, Scenario Analysis, Capability & Capacity Analysis
  • BKey dependencies, critical success criteria, high-level timelines
  • CAll internal and external dependencies, components fixed timelines
  • DJustification, Scenario Analysis

How the community answered

(67 responses)
  • A
    1% (1)
  • B
    94% (63)
  • C
    1% (1)
  • D
    3% (2)

Why each option

A portfolio charter should contain key dependencies, critical success criteria, and high-level timelines as foundational elements that authorize and scope the portfolio.

AJustification, Scenario Analysis, Capability & Capacity Analysis

Scenario Analysis and Capability and Capacity Analysis are tools and techniques used to develop the charter, not content elements that appear within the charter itself.

BKey dependencies, critical success criteria, high-level timelinesCorrect

According to the PMI Standard for Portfolio Management, the portfolio charter documents key dependencies between components, defines the critical success criteria used to measure portfolio performance, and provides high-level timelines for portfolio execution. These elements collectively authorize the portfolio and establish the boundaries within which the portfolio manager operates. They are distinct from the tools and techniques used during charter development.

CAll internal and external dependencies, components fixed timelines

Fixed timelines for individual components are not appropriate charter content; charters use high-level timelines, and component-level fixed timelines would be overly prescriptive at this stage.

DJustification, Scenario Analysis

Listing only Justification and Scenario Analysis is incomplete and again confuses a tool and technique with charter content.

Concept tested: Portfolio charter content and authorization elements

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

Topics

#Portfolio Charter#Portfolio Definition#Portfolio Governance#Portfolio Planning

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