PFMP · Question #649
It is rare for organizational leaders to have an in-depth knowledge of all the work under way in the portfolio, but it is needed for portfolio decision making. If you were asked to prepare such an…
The correct answer is C. Serve as the starting point for the portfolio. An inventory of all organizational work-programs, projects, and operational activities-serves as the foundational starting point for establishing a portfolio. Before any prioritization, categorization, or optimization can occur, the portfolio manager must have a complete…
Question
It is rare for organizational leaders to have an in-depth knowledge of all the work under way in the portfolio, but it is needed for portfolio decision making. If you were asked to prepare such an inventory, it would:
Options
- ARequire one-on-one interviews to ensure all work being done was revealed
- BBe helpful to have a statement in writing from the CEO to describe why the inventory is important
- CServe as the starting point for the portfolio
- DRequire assistance and support from the EPMO
How the community answered
(25 responses)- A8% (2)
- B16% (4)
- C72% (18)
- D4% (1)
Explanation
An inventory of all organizational work-programs, projects, and operational activities-serves as the foundational starting point for establishing a portfolio. Before any prioritization, categorization, or optimization can occur, the portfolio manager must have a complete picture of what work exists. This inventory is the raw material from which the portfolio is built. While one-on-one interviews (A) and CEO endorsement (B) may be useful tactics, and EPMO support (D) may be helpful, none of these describe the primary purpose or outcome of the inventory itself.
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