Certified in the Governance of Enterprise IT (CGEIT) — Question 296

Senior management finds that too many projects are currently in-progress and all are experiencing expensive project overruns due to lack of resources. Many of the projects also appear to overlap in their objectives and expected outcomes.
Which of the following would BEST streamline the process of evaluating and selecting funding priorities?

Answer options

• A. Portfolio management
• B. Value governance
• C. Project management
• D. Business case development

Correct answer: A

Explanation

The correct answer is A. Portfolio management provides a framework for evaluating project alignment with organizational goals and optimizing resource allocation, thus reducing overlaps and overruns. Options B, C, and D, while important in their own right, do not specifically address the overarching need for prioritization and resource management across multiple projects.