290 ◾ PfMP® Exam Practice Tests and Study Guide
129. d. Work with a company that is Level 3 certied as a subcontractor
One approach to handle a negative risk such as this one is to transfer it
to another party. Being a subcontractor, if selected, continues the rm
in this situation’s positive relationship with the customer and shows it is
focused on customer relationship management.
Portfolio Management Standard, p. 123
Task 5 in the ECO in Risk Management
130. b. An issue aging chart
An issue aging chart is a useful tool at the portfolio level as it can dis-
play in a graph the number of open issues on one axis and their age
on the other axis to pinpoint ones that then require resolution even if
another meeting is needed. The chart also can show the total number
of issues, as well as those considered to be high priority versus low
priority. Issues can be shown by type in categories. The objective is to
identify trends and take action if it is not favorable and take action to
reduce the majority of outstanding issues.
Milosevic, 2003, p. 490–491
Portfolio Management Standard, p. 37
Task 4 in the ECO in Performance
131. a. Ensure such allocations are reected in the portfolio’s strategic plan
The portfolio strategic plan, among other things, documents factors to
be considered in the portfolio to aid decision makers in aligning, autho-
rizing, and controlling the portfolio; this includes allocations of funds.
Portfolio Management Standard, p. 39
Task 6 in the ECO in Strategic Alignment
132. d. Execute portfolio management processes and apply resources to
components
The charter is the key document for the portfolio manager’s activities
and also denes the portfolio structure.
Portfolio Management Standard, p. 47
Task 1 in the ECO in Performance