PFMP · Question #614
Obviously resources are more than people and include physical resources and those at the organizational level, such as the knowledge management system, helpful in portfolio management in terms of comp
The correct answer is C. Capability and capacity. At the portfolio level, resource reporting focuses on capability (the skills, knowledge, and competencies available across the organization) and capacity (the volume and availability of those resources). This collective view informs whether the portfolio can realistically support
Question
Obviously resources are more than people and include physical resources and those at the organizational level, such as the knowledge management system, helpful in portfolio management in terms of competitive intelligence. However, since most organizations operate with scarce resources, it is necessary to apply these scarce resources to support the highest ranked items in the portfolio and not to fund a proposed component unless resources are available to support it. Therefore, it is useful to determine at a collective level whether or not resources will create value greater than the cost of creating it. A portfolio report can focus on:
Options
- AAllocation of resources according to a Responsible, Accountable, Consulted, Inform (RACI) chart
- BThe need for drum resources and buffers to plan for their use at key times
- CCapability and capacity
- DCosts to acquire resources with needed knowledge, skills, and competencies
How the community answered
(54 responses)- A6% (3)
- B13% (7)
- C78% (42)
- D4% (2)
Explanation
At the portfolio level, resource reporting focuses on capability (the skills, knowledge, and competencies available across the organization) and capacity (the volume and availability of those resources). This collective view informs whether the portfolio can realistically support its components and create value greater than its cost. RACI charts (A) and drum/buffer planning (B) are project/program-level tools. Acquisition costs (D) are a subset concern, not the primary portfolio-level resource reporting focus.
Community Discussion
No community discussion yet for this question.