PFMP · Question #638
Assume you are responsible for portfolio management in your organization. You are responsible for managing the value of the portfolio and for recommending changes to your Portfolio Review Board to…
The correct answer is B. Portfolio management plan. The portfolio management plan is the comprehensive governing document that defines how the portfolio will be managed, monitored, and controlled. It contains the details on benefits monitoring, interdependency management, change management processes, and-critically-the…
Question
Assume you are responsible for portfolio management in your organization. You are responsible for managing the value of the portfolio and for recommending changes to your Portfolio Review Board to enhance its value. To do so, you monitor benefits, interdependencies between components, changes, and responsibilities and accountabilities as stated in the:
Options
- APortfolio charter
- BPortfolio management plan
- CPortfolio performance plan
- DPortfolio strategic plan
How the community answered
(44 responses)- A16% (7)
- B70% (31)
- C9% (4)
- D5% (2)
Explanation
The portfolio management plan is the comprehensive governing document that defines how the portfolio will be managed, monitored, and controlled. It contains the details on benefits monitoring, interdependency management, change management processes, and-critically-the responsibilities and accountabilities for all portfolio management activities. The portfolio charter (A) authorizes the portfolio but does not detail operational responsibilities. The portfolio performance plan (C) focuses specifically on performance measurement. The portfolio strategic plan (D) links the portfolio to organizational strategy. Responsibilities, accountabilities, and monitoring protocols live in the portfolio management plan as the operational guide.
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