Which Goal Distinguishes Project Management and Portfolio Management

question 67

Multiple Choice

 Which goal distinguishes project management and portfolio management?

• A) Project management involves making wise investment decisions whereas portfolio management does not.
• B) Portfolio management is an easy task whereas project management is a more difficult task.
• C) Portfolio management asks questions like, "Are we carrying out projects efficiently?" whereas project management asks questions such as "Are we investing in the right areas?"
• D) Project management addresses specific, short-term goals whereas portfolio management focuses on long-term goals.

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Definitions:

Representativeness

A cognitive heuristic in decision-making, where the similarity of objects or events is used to infer the probability of an event or the categorization of an object.

Intrinsic Task Motivation

The drive to engage in an activity for the inherent satisfaction and interest in the task itself, rather than for external rewards.

Domain-Relevant Skills

Specific abilities or expertise that are necessary and relevant to excel in a particular field or domain.

Creativity-Relevant Processes

Cognitive and behavioral mechanisms that facilitate the generation of novel and useful ideas or solutions.