42 ◾ PfMP® Exam Practice Tests and Study Guide
5. b. Ensure the projected nancial benets are quantiable and delivered
Because the portfolio manager considers nancial goals and objectives
as the portfolio is managed, the nance function is a critical stakeholder
and performs up- front component proposal evaluation, monitors the
portfolio budgets, compares spending with the allocated budget, and
examines realized benets to ensure nancial plan adjustments are made.
Portfolio Management Standard, p. 13
Task 3 in the ECO in Governance
6. b. Portfolio
As an output of the Authorize Portfolio process, the portfolio is updated
with the new components, their resources, funding, and any other rel-
evant information.
Portfolio Management Standard, p. 80
Task 5 in the ECO in Governance
7. c. Clearly identify benets for stakeholders
Stakeholder expectations for portfolio management include the need to
understand the benets of the portfolio, both tangible and intangible, to
ensure their continued support for portfolio management.
Portfolio Management Standard, p. 91
Task 4 in the ECO in Governance
8. d. Open issues
Open issues and portfolio management decisions are examples of
portfolio process assets in that they are current information to establish
portfolio management processes and to dene responsibilities.
Portfolio Management Standard, p. 60
Task 4 in the ECO in Governance
9. c. Method to schedule change activities
Change management is handled through a change structure. It involves
impact analysis, review and approval or disapproval, prioritization, and
scheduling of proposed change actions.
Portfolio Management Standard, p. 63
Task 4 in the ECO in Governance