One of the ten underlying principles of portfolio management involves a strategic focus. Assume you are going to have a short meeting with your CEO tomorrow, and you want to succinctly describe it. Yo

Question

Options

• AEmphasizes the need for portfolio management to attain strategic objectives
• BProvides a clear basis for decision making
• CIncludes processes and change initiatives to accomplish organizational strategies
• DBalances conflicting demands

• A
  7% (3)
• B
  14% (6)
• C
  74% (32)
• D
  5% (2)

Explanation

The 'strategic focus' principle of portfolio management means that the portfolio encompasses the programs, projects, processes, and change initiatives specifically designed to accomplish the organization's strategies. It is not just about tracking alignment to goals (A), but actively including the work components that execute strategy. Option A describes an outcome of strategic focus, not its definition. Option B ('clear basis for decision making') describes the governance or transparency principle. Option D ('balances conflicting demands') describes the portfolio balancing principle. Option C is the most accurate and complete description: strategic focus means the portfolio's contents-including operational work and change initiatives-are the vehicles through which organizational strategies are achieved.

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