PFMP · Question #652
Values assist in guiding actions, evaluations, and decisions. Assume your organization is considering entering into a consortium to produce a heliumcontrolled car. Once the helium is supplied…
The correct answer is C. Managerial value. When entering a consortium, ensuring that expected benefits are realized requires a focus on managerial value - the ongoing management oversight that converts planned benefits into actual outcomes.
Question
Values assist in guiding actions, evaluations, and decisions. Assume your organization is considering entering into a consortium to produce a heliumcontrolled car. Once the helium is supplied, additional amounts will not be needed. The car is to be personally appealing with a focus on an inexpensive cost to increase marketability. The consortium will enable each firm to capitalize on the expertise of the other firms in it, but the customer will view it as a separate entity. If your organization enters into the consortium, it must justify the value to the portfolio of doing so. In addition to ensure benefits are realized a focus is needed on:
Options
- AOrganizational value
- BSustainable value
- CManagerial value
- DEmployee value
How the community answered
(20 responses)- B15% (3)
- C75% (15)
- D10% (2)
Why each option
When entering a consortium, ensuring that expected benefits are realized requires a focus on managerial value - the ongoing management oversight that converts planned benefits into actual outcomes.
Organizational value is a broader concept describing alignment to organizational goals, but it does not specifically address the mechanisms needed to realize benefits from a consortium engagement.
Sustainable value relates to long-term, repeating benefits; this scenario involves a one-time helium supply with no recurring need, making sustainability less relevant.
Managerial value in portfolio management refers to the management practices, oversight, and decision-making that ensure components deliver their intended benefits. In a consortium arrangement, active managerial focus is required to coordinate across firms, track benefit realization, and adjust as needed. Without strong managerial attention, the synergies and benefits of the consortium will not materialize into tangible portfolio value.
Employee value focuses on workforce impact, which is not the primary concern when justifying and realizing benefits from a consortium partnership.
Concept tested: Benefit realization through managerial value in portfolios
Source: https://www.pmi.org/pmbok-guide-standards/foundational/portfolio-management
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