PFMP · Question #592
A junior Portfolio manager has come to you for advice. He is hearing a lot about the focus of portfolio management practices, however, he is not sure anymore of the exact answer. What do you, as an ex
The correct answer is B. Portfolio is undertaken to achieve one or more organizational strategies and objectives. According to the PMI Standard for Portfolio Management, the primary focus of portfolio management is to achieve organizational strategies and objectives. This differentiates portfolio management from project and program management: projects produce specific deliverables, programs
Question
A junior Portfolio manager has come to you for advice. He is hearing a lot about the focus of portfolio management practices, however, he is not sure anymore of the exact answer. What do you, as an experienced portfolio manager tell him?
Options
- APortfolio is undertaken to produce deliverables that support specific organizational objectives
- BPortfolio is undertaken to achieve one or more organizational strategies and objectives
- CPortfolio is undertaken to achieve benefits
- DPortfolio is undertaken to handle operational daily activities
How the community answered
(38 responses)- A13% (5)
- B74% (28)
- C5% (2)
- D8% (3)
Explanation
According to the PMI Standard for Portfolio Management, the primary focus of portfolio management is to achieve organizational strategies and objectives. This differentiates portfolio management from project and program management: projects produce specific deliverables, programs realize benefits, but portfolios exist to translate organizational strategy into action. Option A describes projects, Option C partially describes programs, and Option D describes operational work - none of which capture the strategic focus that defines portfolio management.
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