PFMP practice question 13 of 35

The sponsor came to you asking for a high level timeline to depict the approach that you will take to execute this portfolio. What tools and techniques is useful in your case?

Full set: 490 questions
Answer options
A: Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory
B: Gap Analysis, Readiness Assessment, Stakeholder Analysis
C: Scenario Analysis, Capability & Capacity Analysis
D: Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis Correct answer
Correct Answer:
D. Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis
Explanation

Creating a high-level timeline that depicts the portfolio execution approach is the primary purpose of a portfolio roadmap. The key techniques to develop this involve sequencing and scheduling. Interdependency Analysis is crucial for understanding the relationships and required sequencing between components. Prioritization Analysis determines the relative importance of components, influencing their placement on the timeline. Cost-Benefit Analysis helps justify the inclusion and timing of components to maximize value delivery over time. Together, these techniques form the analytical basis for constructing a strategic timeline.

Why Incorrect

A. This list includes selection and prioritization techniques but lacks a specific tool for sequencing components over time, which is essential for creating a timeline.
B. These techniques are important for assessing organizational context and readiness but do not directly contribute to building the sequence and schedule of the portfolio timeline.
C. While Capability & Capacity Analysis is a critical constraint for a realistic timeline, this option lacks Interdependency Analysis, which is the primary technique for sequencing components.

References

1. Project Management Institute. (2018). The Standard for Portfolio Management (4th ed.). Section 7.2.2.3, Tools and Techniques: Dependency Analysis. p. 106. This technique is used in the "Optimize Portfolio" process to understand relationships for sequencing and scheduling.

2. Project Management Institute. (2018). The Standard for Portfolio Management (4th ed.). Section 4.2.3.2, Portfolio Roadmap. p. 52. The roadmap is described as a high-level timeline of portfolio components, and its creation relies on the analysis of priorities and dependencies.

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