PFMP · Question #702
only, which has diversified its product line significantly in the last two years to keep up with its leading competitor located in a different state. Your executive management team learned the other…
The correct answer is B. Is part of the portfolio strategic plan. The portfolio strategic plan is the high-level document that establishes the portfolio's direction, goals, and an inventory of current and proposed components. Identifying existing operational work, projects, programs, and proposed components is a foundational step in building…
Question
only, which has diversified its product line significantly in the last two years to keep up with its leading competitor located in a different state. Your executive management team learned the other cereal company had implemented portfolio management from a contractor and believes it is essential since the economy is struggling, and resources are constrained. Your first step has been to identify the existing operational work, projects, and programs as well as to learn about proposed components of the portfolio. This list:
Options
- AWas easy to obtain as you used what was available from the Enterprise Program Management
- BIs part of the portfolio strategic plan
- CWas gathered through interviews with people from each business unit
- DWas prepared through questionnaires and the use of cross-functional focus groups
How the community answered
(27 responses)- A4% (1)
- B78% (21)
- C7% (2)
- D11% (3)
Explanation
The portfolio strategic plan is the high-level document that establishes the portfolio's direction, goals, and an inventory of current and proposed components. Identifying existing operational work, projects, programs, and proposed components is a foundational step in building this plan. The portfolio strategic plan captures what is in scope for the portfolio - including all active and candidate components - so that strategic alignment and prioritization decisions can be made. This list is not merely a data-gathering artifact; it becomes a core section of the portfolio strategic plan.
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