PFMP · Question #685
Working as a portfolio manager in the Water Resources Department of the U.S. Geological Survey, you are following a scorecard approach to report progress to your executives on the components in your…
The correct answer is A. Chart progress toward strategic goals and objectives. Portfolio scorecards are fundamentally strategic reporting tools. Their primary purpose is to show executives how the portfolio is performing relative to the organization's strategic goals and objectives-not just operational metrics. Choices B, C, and D describe aspects of how…
Question
Working as a portfolio manager in the Water Resources Department of the U.S. Geological Survey, you are following a scorecard approach to report progress to your executives on the components in your portfolio. You submit the scorecards monthly, and based on their results, your executives decide if a Portfolio Review Board meeting should be held. Your emphasis in these reports is to:
Options
- AChart progress toward strategic goals and objectives
- BMeasure performance against targets and thresholds
- CDisplay raw data in a visual graph
- DDisplay data using a traffic light approach
How the community answered
(22 responses)- A77% (17)
- B5% (1)
- C14% (3)
- D5% (1)
Explanation
Portfolio scorecards are fundamentally strategic reporting tools. Their primary purpose is to show executives how the portfolio is performing relative to the organization's strategic goals and objectives-not just operational metrics. Choices B, C, and D describe aspects of how scorecards may be formatted or what they may measure (performance against thresholds, visual graphs, traffic light indicators), but these are mechanisms, not the purpose. The portfolio manager's core responsibility is ensuring that the portfolio delivers strategic value. Scorecards enable executive decision-making about whether course corrections are needed, which is why the emphasis in these reports is on charting progress toward strategic goals-the highest-level view executives need to assess the portfolio's health.
Community Discussion
No community discussion yet for this question.