FMP Leadership & Strategy Practice Test

Governance provides the framework and oversight for how FM initiatives are proposed, approved, funded, and measured, while portfolio prioritization uses that framework to decide which projects to pursue based on strategy, expected benefits, risk, and available resources. This pairing ensures that the most valuable initiatives aligned with strategic goals receive funding and that there’s a clear plan to realize and track the benefits. Without governance, prioritization would lack consistency and control; without prioritization, governance would not direct resources toward the most impactful work. They are distinct but complementary: governance sets the rules, and prioritization applies those rules to drive value and benefits realization.