Which of the following are components of portfolio management?

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BlackTom AI · Accepted Answer

Question restated: Which of the following are components of portfolio management?

Option a: 'Project classification and stakeholder engagement' — While project classification can be part of how a portfolio sorts and prioritizes work, stakeholder engagement is typically broader governance activity that occurs across the organization. However, this combo mixes elements that are more project- or governance-oriented rather than clearly defining portfolio-level components, so this option is not a clean characterization of portfolio management components.

Option b: 'Proposal evaluation and ongoing management' — This pairing aligns well with portfolio management activities. Proposal evaluation is part of selecting which proposals or projects to fund within the portfolio, and ongoing management covers governance, optimization, and monitoring of the portfolio as work proceeds. Together, they reflect both the selection and stewardship aspects central to portfolio management.

Option c: 'Selection criteria and earned value analysis' — Selection criteria relate to deciding which initiatives to include in the portfolio, which is relevant. Earned value analysis is a project- or program-level performance measurement technique. While earned value can inform portfolio-level decisions, it is not itself a core portfolio-management component on its own. This makes the option partially correct but not a complete depiction of portfolio management components.

Option d: 'Proposal evaluation and satisfying stakeholder requirements' — Proposal evaluation is relevant for deciding what to include in the portfolio, but 'satisfying stakeholder requirements' is a broad objective across many domains and does not specify a distinct portfolio-management activity. The phrasing is vague and does not clearly map to core portfolio management components.

Summary of reasoning: The strongest pairing that captures core portfolio management responsibilities is proposal evaluation (selection of initiatives for the portfolio) and ongoing management (governance and optimization of the portfolio over time). The other options mix in activities that are either more project-focused, partially related, or vaguely stated, and do not coherently describe primary portfolio-management components.

GSOE9820-GSOE9820 - Project Management - Term 2 2025

Which of the following are components of portfolio management?

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