A company hired you as a portfolio manager. Knowing that the company doesn't have any formalized processes to approve initiatives and report project status, you decided to propose a governance model.

The correct answer is D. Portfolio management plan. The Portfolio Management Plan (D) is the correct location for documenting the governance model. It is the comprehensive document that defines how the portfolio will be organized, managed, monitored, and controlled - including governance structures, decision-making processes, and

Governance

Question

A company hired you as a portfolio manager. Knowing that the company doesn't have any formalized processes to approve initiatives and report project status, you decided to propose a governance model. Where should you document the governance model?

Options

APortfolio process assets
BPortfolio charter
CPortfolio strategic plan
DPortfolio management plan

How the community answered

(42 responses)

A
7% (3)
B
2% (1)
C
14% (6)
D
76% (32)

Explanation

The Portfolio Management Plan (D) is the correct location for documenting the governance model. It is the comprehensive document that defines how the portfolio will be organized, managed, monitored, and controlled - including governance structures, decision-making processes, and reporting procedures. The Portfolio Charter (B) authorizes the portfolio but does not detail governance processes. The Portfolio Strategic Plan (C) focuses on strategic alignment, not operational governance. Portfolio Process Assets (A) are historical artifacts and templates, not a place to define new governance frameworks.

Topics

#Portfolio Governance#Portfolio Management Plan#Portfolio Documentation#Initiative Approval

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