Which statement best describes the need for financial oversight in portfolio management?

The statement that financial oversight in portfolio management is essential to ensure the financial health of current offerings is particularly accurate. This need comes from the fact that portfolio management involves not just the selection of projects but also the ongoing evaluation of their performance and viability. Regular financial monitoring allows an organization to assess how current offerings are performing in terms of revenue generation, cost management, and overall profitability.

Through this oversight, organizations can make informed decisions about resource allocation, identify which projects might need additional support or corrective actions, and ultimately ensure that the portfolio aligns with strategic objectives and delivers value. Financial health monitoring is critical for adapting to market changes and ensuring long-term sustainability and growth, making it indispensable in effective portfolio management.