Which of the following are the input of “Optimize Portfolio”? (Choose two.)
Which of the following are the input of “Optimize Portfolio”? (Choose two.)
To optimize a portfolio, the most relevant inputs would be the Portfolio Strategic Plan and Portfolio Reports. The Portfolio Strategic Plan provides the overarching goals and strategies, which are essential to aligning and optimizing the portfolio. Portfolio Reports give the necessary data about the current performance and status of the portfolio, which is crucial for making informed decisions to optimize it.
You have proposed a portfolio governance model to your company, but an executive told that the current culture might not be flexible enough to change the organizational structure. What kind of risks did the executive raise?
The executive raised a cultural risk. This is because the concern is about the company's existing culture and its possible inflexibility to adapt or change the organizational structure. Cultural risks pertain to the values, beliefs, and behaviors that may inhibit or facilitate changes within the organization.
Which of the following should be included in a portfolio risk management plan? (Choose two.)
Methodology should be included in a portfolio risk management plan because it outlines the approaches and techniques that will be used to identify, assess, and manage risks. Roles and responsibilities are essential as they define who will be involved in the risk management process and what their specific duties will be, ensuring accountability and clear communication.
Which of the following are portfolio process assets?
Portfolio process assets refer to the various documents, templates, registers, and historical information used to manage a portfolio effectively. These assets include the list of portfolio components, which catalogs all the portfolio's individual elements, the portfolio budget which details the financial resources allocated to the portfolio, and the portfolio risk register, which identifies and assesses risks within the portfolio. Therefore, all of the mentioned items are considered portfolio process assets.
Which of the following are the key activities with the “Define Portfolio” process?
In the 'Define Portfolio' process, key activities typically involve assessing and organizing the portfolio's components to ensure that strategic alignment and resource allocation are effectively managed. Evaluating portfolio components with a ranking and scoring model comprising weighted key criteria is crucial because it helps prioritize projects based on their strategic importance and potential benefits. Categorizing portfolio components to apply a common set of decision filters and criteria is also essential, as it helps streamline decision-making processes and ensures consistency in evaluating and selecting portfolio components. These activities are foundational to defining and structuring a successful portfolio.