PMI Exam PfMP Topic 2 Question 58 Discussion

Actual exam question for PMI's PfMP exam

Question #: 58
Topic #: 2

You want to ensure that the Portfolio Review Board is able to make key decisions at each meeting. As the portfolio manager, you and your staff are responsible for scheduling the meetings, providing the agenda, taking minutes, tracking open issues, and documenting and communicating decisions that are made to key stakeholders. Before each meeting, you feel it is a best practice to:

AEvaluate if the benefits of the portfolio are aligned with organizational strategy

BProvide information about the status of each component of the portfolio

CUse a balanced scorecard approach to show contribution to strategy

DProvide a 'traffic light' approach to show components by category

Show Suggested Answer

Suggested Answer: A

by Brandon at Mar 07, 2024, 03:25 AM

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Lavera

6 months ago

I prefer providing a 'traffic light' approach to show components by category. It gives a clear visual representation of the status of each component.

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Elmer

6 months ago

I think using a balanced scorecard approach can help show the contribution of the portfolio to the organization's strategy.

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Otis

6 months ago

I believe providing information about the status of each component of the portfolio is also crucial for the board to make informed decisions.

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Thea

7 months ago

I agree with Art. It ensures that the decisions made are in line with the overall goals of the organization.

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Art

7 months ago

I think it's important to evaluate if the benefits of the portfolio are aligned with organizational strategy before each meeting.

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Dottie

8 months ago

I dunno, the balanced scorecard could give the board a more holistic view. But I agree, we don't want to overwhelm them with too much information either.

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Nadine

8 months ago

Hmm, I'm not sure about the balanced scorecard. Isn't that a bit overkill for a portfolio review meeting? I think keeping it simple with the status updates is the way to go.

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Helaine

8 months ago

Haha, yeah, the 'traffic light' is a bit cliche, but it can be effective. I think a balanced scorecard approach, as in option C, could also be really helpful to show how the portfolio is contributing to the organization's strategy.

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Van

8 months ago

Alright, let's not get too bogged down in the details here. I think the key is to make sure we're evaluating if the portfolio benefits are aligned with the organizational strategy, as in option A. That should be the foundation for everything else we present.

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