PFMP · Question #675
Moving from project management to program management and now being appointed as the first portfolio manager in your cyber warfare company, you know you always wondered what happened to the various…
The correct answer is B. Maximize portfolio value. Using broad stakeholder engagement methods such as questionnaires, surveys, and focus groups to identify portfolio metrics is aimed at ensuring those metrics will drive decisions that maximize overall portfolio value.
Question
Moving from project management to program management and now being appointed as the first portfolio manager in your cyber warfare company, you know you always wondered what happened to the various reports you had to prepare, and the metrics you had to collect. You are working now to determine critical metrics for portfolio management and decided to involve as many people as possible through questionnaires and surveys. You also held some focus groups. The purpose is to:
Options
- AEnsure the metrics that are collected support the SMART principle
- BMaximize portfolio value
- CRepresent the vital few rather than the trivial many
- DCan be gathered with minimal disruption
How the community answered
(58 responses)- A10% (6)
- B84% (49)
- C3% (2)
- D2% (1)
Why each option
Using broad stakeholder engagement methods such as questionnaires, surveys, and focus groups to identify portfolio metrics is aimed at ensuring those metrics will drive decisions that maximize overall portfolio value.
The SMART principle (Specific, Measurable, Achievable, Relevant, Time-bound) is a criterion for evaluating individual metric quality, not the strategic purpose behind using inclusive data-gathering techniques.
Engaging a wide range of stakeholders in the metrics identification process ensures that the metrics selected reflect what truly matters across the organization, which guides portfolio decisions toward maximizing delivered value and benefits realization rather than serving only a narrow subset of interests.
Representing the vital few rather than the trivial many is a desirable characteristic of the resulting metrics, not the purpose of conducting broad stakeholder surveys.
Minimizing disruption during data collection is a logistical consideration for implementation, not the strategic rationale for using questionnaires and focus groups.
Concept tested: Stakeholder engagement for portfolio metrics identification
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
Community Discussion
No community discussion yet for this question.