Please fill in the blank. The performance management plan documents how the organization plans to measure, monitor, control and report ____________________.

While portfolio performance and value are included, this option omits resource management, which is explicitly part of the documented scope of the performance management plan.

The PMI Standard for Portfolio Management explicitly states that the performance management plan covers all three dimensions: portfolio performance tracking, resource management covering capacity and utilization, and portfolio value reflecting benefits realization. This complete three-part scope distinguishes the correct answer from incomplete alternatives.

Portfolio costs and benefits represent only a financial subset of what the performance management plan covers, omitting performance monitoring, resource management, and the broader value dimension.

Resource management and portfolio value are only two of the three required components; portfolio performance measurement and reporting is missing from this choice.