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PFMP · Question #763

Each time the Portfolio Governance Group meets the goal is to review the existing components and any that are proposed to ensure the portfolio has the best mix to attain strategic objectives. As the…

The correct answer is C. Are considered portfolio process assets. Open issues that remain after Portfolio Governance Group meetings are classified as portfolio process assets because they become part of the portfolio's accumulated records and knowledge base.

Question

Each time the Portfolio Governance Group meets the goal is to review the existing components and any that are proposed to ensure the portfolio has the best mix to attain strategic objectives. As the portfolio manager, you find these meetings, if facilitated accordingly, are effective decision- making sessions. However, you tend to have open issues after every meeting. These open issues:

Options

  • AShould be tracked in an issue register
  • BAre managed as described in the charter
  • CAre considered portfolio process assets
  • DRequire an owner to manage them until they are closed

How the community answered

(31 responses)
  • A
    10% (3)
  • B
    3% (1)
  • C
    81% (25)
  • D
    6% (2)

Why each option

Open issues that remain after Portfolio Governance Group meetings are classified as portfolio process assets because they become part of the portfolio's accumulated records and knowledge base.

AShould be tracked in an issue register

An issue register is the tool or artifact used to track open issues, but the question asks what the open issues themselves are classified as within the PMI framework, which is portfolio process assets.

BAre managed as described in the charter

The portfolio charter establishes governance authority, roles, and high-level direction, but ongoing management of specific open issues from meetings is not prescribed or governed by the charter.

CAre considered portfolio process assetsCorrect

In PMI's portfolio management framework, records generated during portfolio management activities - such as issue logs, open action items, and tracking registers - are categorized as portfolio process assets. These records are retained as part of the portfolio's historical information and support continuous improvement and future decision-making. Open issues, as formal documented records of the governance process, meet this classification.

DRequire an owner to manage them until they are closed

Assigning an owner to manage an issue is a recommended best practice for resolution, but ownership assignment describes how to handle issues, not what category they belong to within the PMI portfolio framework.

Concept tested: Portfolio process assets from governance group outputs

Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management

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