PFMP practice question 19 of 35

Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently aggregating value delivered by the portfolio components. Which of the following methods are helpful to you?

Full set: 490 questions
Answer options
A: Elicitation techniques, Capability & Capacity Analysis, PMIS
B: Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative Analysis
C: Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
D: Elicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis Correct answer
Correct Answer:
D. Elicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis
Explanation

Aggregating the value delivered by portfolio components is a key activity within the Manage Portfolio Value process. This involves monitoring performance and comparing it against the expected benefits outlined in the portfolio management plan. Elicitation techniques (e.g., interviews, workshops) are used to gather performance data and stakeholder feedback. Value Scoring & Measurement Analysis and Benefits Realization Analysis are specific tools and techniques used to quantify, assess, and aggregate the actual value and benefits being delivered by the portfolio's components.

Why Incorrect

A: Capability & Capacity Analysis is for resource planning, and PMIS is a system; neither is a direct method for aggregating delivered value. B: Scenario Analysis is a forward-looking technique for planning potential future outcomes, not for aggregating value that has already been delivered. C: These techniques are central to stakeholder and communication management, not the financial and strategic measurement of portfolio value.

References

- Project Management Institute. (2017). The Standard for Portfolio Management (4th ed.). Section 6.2, Manage Portfolio Value, pp. 86-88. This section lists "Elicitation techniques" and "Value scoring and measurement" as tools and techniques for this process.

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