PFMP · Question #56
Which of the following document includes the portfolio vision, high-level scope, justification, success criteria, resources, and high-level timelines for portfolio delivery?
The correct answer is A. Portfolio Charter. The Portfolio Charter is the document that formally authorizes the portfolio and captures its vision, high-level scope, justification, success criteria, allocated resources, and high-level timelines.
Question
Which of the following document includes the portfolio vision, high-level scope, justification, success criteria, resources, and high-level timelines for portfolio delivery?
Options
- APortfolio Charter
- BPortfolio Roadmap
- CPortfolio Management Plan
- DPortfolio Strategic Plan
How the community answered
(35 responses)- A91% (32)
- B6% (2)
- D3% (1)
Why each option
The Portfolio Charter is the document that formally authorizes the portfolio and captures its vision, high-level scope, justification, success criteria, allocated resources, and high-level timelines.
The Portfolio Charter is the foundational authorization document for a portfolio. It establishes the portfolio's existence and includes all the elements listed - vision, high-level scope, business justification, success criteria, resource allocations, and high-level delivery timelines. This document is created during the 'Develop Portfolio Charter' process within the Defining process group.
The Portfolio Roadmap shows the timeline and sequencing of portfolio components relative to strategic goals but does not contain justification, success criteria, or resource details.
The Portfolio Management Plan defines management procedures, governance, and subsidiary plans - it does not authorize or justify the portfolio itself.
The Portfolio Strategic Plan links portfolio investments to organizational strategy and long-term objectives but does not include high-level timelines or resource allocations at the portfolio level.
Concept tested: Portfolio Charter content and authorization
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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