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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.

Portfolio Definition

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)
  • A
    91% (32)
  • B
    6% (2)
  • D
    3% (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.

APortfolio CharterCorrect

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.

BPortfolio Roadmap

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.

CPortfolio Management Plan

The Portfolio Management Plan defines management procedures, governance, and subsidiary plans - it does not authorize or justify the portfolio itself.

DPortfolio Strategic Plan

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

Topics

#Portfolio Charter#Portfolio Definition#Portfolio Management Documents#Portfolio Authorization

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