268 ◾ PfMP® Exam Practice Tests and Study Guide
25. b. Strategic objectives must be optimized
One item in the portfolio strategic plan is to ensure that strategic objec-
tives can be optimized with available resources and risks. The portfolio
should be validated against organizational strategy for consistency with
evolving organizational mission, goals, or objectives and is the purpose
of the portfolio strategic plan.
Portfolio Management Standard, p. 39
Task 1 in the ECO in Strategic Alignment
26. a. Stakeholder risk tolerances
In addition in this plan concerning risks, it may contain roles and
responsibilities, budgets, a schedule, risk categories, and denitions of
probability and impact.
Portfolio Management Standard, p. 124
Task 2 in the ECO in Risk Management
27. a. Provide information to those in portfolio component support functions
Such information is provided as well to stakeholders as the portfolio
is updated, but those in support functions such as human resources,
nance, the PMO, and procurement should not be overlooked.
Portfolio Management Standard, p. 80
Task 5 in the ECO in Governance
28. a. Information in a report used to authorize the portfolio
Before the portfolio is authorized, as an input, various types of portfolio
reports are reviewed and analyzed; this is an example of the type of
data that could be part of a nancial report.
Portfolio Management Standard, p. 79
Task 1 in the ECO in Performance
29. b. Describe the goals and objectives
By starting with the plan’s goals and objectives, the recipients will have
a common understanding as to why the plan is important and how it
can best meet their requirements.
Portfolio Management Standard, p. 113
Task 4 in the ECO in Communications