PFMP · Question #695
Although you are the Portfolio Manager in your company, you also are the Enterprise Program Office Director, and it consumes most of your time. Your executive team has lost interest in regular…
The correct answer is C. Identify, categorize, score, and rank components. The correct answer is C: Identify, categorize, score, and rank components. The CEO's request for an 'up-to-date list of qualified components' maps directly to the core portfolio management process of identifying, categorizing, scoring, and ranking components. This process…
Question
Although you are the Portfolio Manager in your company, you also are the Enterprise Program Office Director, and it consumes most of your time. Your executive team has lost interest in regular portfolio review meetings, the few that are held are routine, and any proposed component receives automatic approval. The Executive Vice President for Human Resources spoke to the CEO as she noticed some people seem to be completely overloaded, they are actively looking for new opportunities, and are then leaving the company. She also pointed out that others seem to have idle time. Her comments got the CEO's attention, and you have been asked in your role as the portfolio manager to create an up-to-date list of qualified components in the portfolio. You are doing so in order to:
Options
- AHave an accurate understanding as to how resources are allocated
- BDetermine how best to use resource leveling on approved components
- CIdentify, categorize, score, and rank components
- DReview the initial business cases for the components and assess their validity in terms of
How the community answered
(53 responses)- A4% (2)
- B15% (8)
- C74% (39)
- D8% (4)
Explanation
The correct answer is C: Identify, categorize, score, and rank components. The CEO's request for an 'up-to-date list of qualified components' maps directly to the core portfolio management process of identifying, categorizing, scoring, and ranking components. This process ensures that only components aligned with strategic objectives are in the portfolio, and it produces the visibility needed to address the resource imbalance (some people overloaded, others idle). Option A (resource allocation understanding) is an outcome of completing C, not the action itself. Option B (resource leveling) is a scheduling technique applied after components are properly defined and prioritized. Option D (reviewing business cases) is an input to scoring and ranking, not the process the portfolio manager is executing.
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