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PFMP · Question #672

One of your goals as a portfolio manager is to ensure that your stakeholders receive the information they need for decision making. To help manage the portfolio information that is provided, you…

The correct answer is C. Validate data that now are in the reports. Portfolio component review meetings are conducted to validate the accuracy of data already contained in portfolio reports, ensuring decision-makers act on reliable information.

Question

One of your goals as a portfolio manager is to ensure that your stakeholders receive the information they need for decision making. To help manage the portfolio information that is provided, you decide to gather information by holding portfolio component review meetings. Your purpose in holding these meetings is to:

Options

  • AEnsure the components can provide the data required for status reports
  • BUse them to introduce the portfolio management information system
  • CValidate data that now are in the reports
  • DWork with component managers to plan dashboard reports

How the community answered

(51 responses)
  • A
    4% (2)
  • B
    10% (5)
  • C
    84% (43)
  • D
    2% (1)

Why each option

Portfolio component review meetings are conducted to validate the accuracy of data already contained in portfolio reports, ensuring decision-makers act on reliable information.

AEnsure the components can provide the data required for status reports

Ensuring components can provide required data is a design activity performed when establishing reporting requirements, not an objective of ongoing review meetings.

BUse them to introduce the portfolio management information system

Introducing the portfolio management information system is an onboarding or implementation activity that is separate from the operational purpose of component review meetings.

CValidate data that now are in the reportsCorrect

The primary purpose of portfolio component review meetings is to verify data present in reports by working with component managers to confirm the accuracy, completeness, and relevance of status information before that information reaches governance-level decision-makers.

DWork with component managers to plan dashboard reports

Planning dashboard reports is a communication planning activity, not the purpose of holding component review meetings.

Concept tested: Purpose of portfolio component review meetings

Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management

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