An organization supports both programs and projects for various industries. What is a portfolio?
An organization supports both programs and projects for various industries. What is a portfolio?
A portfolio describes the organization of related projects, programs, and operations. It is managed as a group to achieve strategic objectives, aligning with the broader goals and priorities of the organization. This management approach ensures that resources are allocated efficiently and that projects align with the strategic direction of the organization.
Standards for Program Management 4th Edition page 7 : A portfolio is a collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.
D is correct answer. An organization that operates in various industries, such as technology, healthcare, and finance, might have a portfolio for each industry. Each portfolio would include multiple programs and projects that are aimed at achieving specific strategic goals within that industry. Technology Portfolio: Program A: Development of new software products Program B: Upgrading IT infrastructure Project 1: Implementing a new CRM system Project 2: Developing a mobile application Healthcare Portfolio: Program C: Enhancing patient care services Program D: Implementing electronic health records (EHR) Project 3: Building a new clinic Project 4: Launching a telehealth service Finance Portfolio: Program E: Expanding financial services Program F: Regulatory compliance initiatives Project 5: Introducing a new financial product Project 6: Upgrading the risk management system