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PFMP · Question #549

Portfolios tend to have over or under allocations if the portfolio management is of low maturity. Which tool will help you analyze the resources over and under allocations?

The correct answer is B. Resource Histograms. Resource histograms are the standard tool for visually displaying resource allocation over time, making over-allocations and under-allocations immediately identifiable.

Portfolio Performance Management

Question

Portfolios tend to have over or under allocations if the portfolio management is of low maturity. Which tool will help you analyze the resources over and under allocations?

Options

  • ACommunication Management Plan
  • BResource Histograms
  • CPerformance Management Plan
  • DResource Pool

How the community answered

(24 responses)
  • A
    4% (1)
  • B
    92% (22)
  • C
    4% (1)

Why each option

Resource histograms are the standard tool for visually displaying resource allocation over time, making over-allocations and under-allocations immediately identifiable.

ACommunication Management Plan

A Communication Management Plan defines stakeholder communication strategies and channels; it contains no resource allocation data and cannot be used for capacity analysis.

BResource HistogramsCorrect

A resource histogram is a bar chart that shows resource demand across time periods, making it straightforward to identify periods where resources are over-allocated (bars exceed available capacity) or under-allocated (bars fall below optimal utilization). This visual representation is the primary tool for capacity analysis and resource optimization in portfolio management.

CPerformance Management Plan

A Performance Management Plan establishes how portfolio performance will be measured and reported; it does not provide a view of resource loading or allocation gaps.

DResource Pool

A Resource Pool is an inventory of available resources; while it shows what is available, it does not visualize allocation patterns or highlight over/under-utilization across time.

Concept tested: Resource histogram for over and under allocation analysis

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

Topics

#Resource Allocation#Resource Analysis#Portfolio Management Tools#Resource Histograms

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