ISO 21505:2017 - Project, programme and portfolio management - Guidance on governance Quiz 01 26Jul25 - Practice Quiz

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Question 1 of 30

When initiating the development of a comprehensive governance framework for a multi-year, cross-functional portfolio of strategic initiatives, which of the following actions represents the most fundamental and indispensable first step to ensure alignment with organizational objectives and effective oversight?

Articulate the overarching governance principles and objectives aligned with the organization's strategic intent and stakeholder expectations.

Establish a detailed reporting structure with defined key performance indicators (KPIs) for each initiative within the portfolio.

Formally appoint a portfolio steering committee with clearly defined decision-making authorities and escalation procedures.

Conduct a comprehensive risk assessment for each project and programme to identify potential threats and mitigation strategies.

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