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PFMP · Question #554

You are managing a portfolio linked to multiple business units and you set clear accountabilities from the beginning to avoid delays and to enhance the decision making process. Roles and…

The correct answer is C. Portfolio Management Plan. Portfolio component managers' roles and responsibilities are stored in the Portfolio Management Plan, which serves as the central governance document for portfolio execution.

Portfolio Governance

Question

You are managing a portfolio linked to multiple business units and you set clear accountabilities from the beginning to avoid delays and to enhance the decision making process. Roles and Responsibilities are recorded in multiple portfolio documents. Where are the portfolio component managers roles and responsibilities stored?

Options

  • ASpecifically the Communication Management Plan
  • BStrategic Plan
  • CPortfolio Management Plan
  • DPortfolio Process Assets

How the community answered

(35 responses)
  • A
    3% (1)
  • C
    94% (33)
  • D
    3% (1)

Why each option

Portfolio component managers' roles and responsibilities are stored in the Portfolio Management Plan, which serves as the central governance document for portfolio execution.

ASpecifically the Communication Management Plan

The Communication Management Plan focuses specifically on how information will be distributed and to whom - it does not serve as the primary repository for component managers' roles and responsibilities.

BStrategic Plan

The Strategic Plan defines organizational goals and direction at a high level; it does not contain the operational roles and responsibilities of portfolio component managers.

CPortfolio Management PlanCorrect

The Portfolio Management Plan is the comprehensive document that defines how the portfolio will be managed, including the roles, responsibilities, and accountabilities of all key participants - including component managers. It serves as the authoritative governance reference for decision-making authority and ownership across the portfolio, making it the correct and primary location for recording these definitions.

DPortfolio Process Assets

Portfolio Process Assets are collections of historical data, templates, and procedures; they do not store the formally defined roles and responsibilities of individual component managers.

Concept tested: Portfolio Management Plan roles and responsibilities storage

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

Topics

#Portfolio Management Plan#Roles and Responsibilities#Portfolio Governance#Portfolio Documentation

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