PK0-004 · Question #568
While starting a new project, management is aligning the project to the organization's strategy, assigning limited resources based upon priorities, and optimizing resource deployment between…
The correct answer is A. Portfolio management. Portfolio management is the centralized management of a collection of projects and programs to achieve strategic business objectives. It involves aligning projects to organizational strategy, prioritizing initiatives, and optimizing the allocation of limited resources across…
Question
While starting a new project, management is aligning the project to the organization's strategy, assigning limited resources based upon priorities, and optimizing resource deployment between projects. Which of the following BEST describes these actions?
Options
- APortfolio management
- BAgile management
- CProject management
- DStrategic management
How the community answered
(44 responses)- A86% (38)
- B5% (2)
- C7% (3)
- D2% (1)
Explanation
Portfolio management is the centralized management of a collection of projects and programs to achieve strategic business objectives. It involves aligning projects to organizational strategy, prioritizing initiatives, and optimizing the allocation of limited resources across multiple projects to maximize overall value. This is distinct from project management (C), which focuses on delivering a single project's objectives. Agile management (B) is a delivery methodology, not a resource-allocation framework. Strategic management (D) is broader organizational planning. The scenario describes the three core functions of portfolio management: strategic alignment, prioritization, and resource optimization.
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