PFMP · Question #723
Although it has taken significant time, you and your team inventoried all the work under way in your new product development company. This list of components should be:
The correct answer is C. Prioritized for effective resource allocation. Inventorying all ongoing work is a foundational step in portfolio management, but the inventory alone provides no strategic value. The immediate next step is to prioritize those components so the organization can direct limited resources - people, budget, time - toward the work…
Question
Although it has taken significant time, you and your team inventoried all the work under way in your new product development company. This list of components should be:
Options
- AIncluded in the portfolio roadmap
- BPart of the portfolio management plan
- CPrioritized for effective resource allocation
- DMaintained by the portfolio manager and continually updated
How the community answered
(47 responses)- A19% (9)
- B6% (3)
- C70% (33)
- D4% (2)
Explanation
Inventorying all ongoing work is a foundational step in portfolio management, but the inventory alone provides no strategic value. The immediate next step is to prioritize those components so the organization can direct limited resources - people, budget, time - toward the work that best aligns with strategic objectives. The roadmap (A) and management plan (B) come later, after prioritization informs strategic sequencing. Option D describes a maintenance activity, not the primary purpose of having an inventory. Prioritization is what transforms a raw list into a managed portfolio.
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