Your company has had a portfolio management process in place for five years at the enterprise level, in its business units, and even in its complex programs. This year the company's Center for Excellence received an award for its work in this area from PMI? As the Portfolio Manager, you have predefined metrics in place, which are critical because:

Question

Accepted Answer

D. They provide insight into the processes being used Predefined metrics serve as standardized measures that reveal the effectiveness and efficiency of portfolio management processes, enabling the organization - and especially a Center of Excellence - to assess, continuously improve, and demonstrate process maturity over time, which is consistent with receiving recognition from PMI.

Answer

A. They show transparency at all levels Transparency is achieved through governance structures and communication practices; predefined metrics are not primarily a transparency mechanism.

Answer

B. They provide stakeholders with critical information on the health of the portfolio Providing stakeholders with portfolio health information is a benefit of reporting, but it is not the defining reason why predefined metrics are critical at the process level.

Answer

C. They show the link of each initiative to the company's strategic goals Linking initiatives to strategic goals is the function of portfolio alignment and strategic planning activities, not the core purpose of predefined metrics.

Your company has had a portfolio management process in place for five years at the enterprise level, in its business units, and even in its complex programs. This year the company's Center for…

Question

Options

How the community answered

Why each option

Community Discussion