PFMP · Question #642
Because of the ongoing and iterative nature of portfolio management, the processes in it are continually repeated as new components are added, and others are completed or terminated. Revisions are…
The correct answer is B. Prepare a flowchart. Portfolio management is a continuous, iterative process involving constant change. A flowchart is a process-visualization tool that maps the sequence, dependencies, and decision points of portfolio activities, making it directly useful for understanding and optimizing the flow…
Question
Because of the ongoing and iterative nature of portfolio management, the processes in it are continually repeated as new components are added, and others are completed or terminated. Revisions are constant given complexity, risks, and the rate of change. As you work to optimize the portfolio, it is helpful to:
Options
- AAssign components to predefined categories
- BPrepare a flowchart
- COrganize ideas from stakeholders into logical groupings
- DPerform a structure analysis of roles and responsibilities
How the community answered
(32 responses)- A3% (1)
- B78% (25)
- C6% (2)
- D13% (4)
Explanation
Portfolio management is a continuous, iterative process involving constant change. A flowchart is a process-visualization tool that maps the sequence, dependencies, and decision points of portfolio activities, making it directly useful for understanding and optimizing the flow of work as components are added, completed, or terminated. Assigning components to categories (A) is a categorization step, not an optimization tool. Grouping stakeholder ideas (C) is an affinity-diagram technique used in ideation, not optimization. Analyzing roles and responsibilities (D) is an organizational-structure activity rather than a process-optimization tool.
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