After reviewing the portfolio performance reports, which section of the portfolio management plan should a portfolio manager review in order to follow the defined process to approve, execute, and…

Managing strategic change addresses how the portfolio responds to shifts in organizational strategy, not routine schedule and budget adjustment procedures.

The change control and management section of the portfolio management plan specifically documents the defined process for submitting, reviewing, approving, and executing changes to portfolio components, including schedule and budget adjustments. After reviewing performance reports that reveal variances, this is the section a portfolio manager must consult to ensure any corrective actions follow the established governance process. It provides the procedural authority for making authorized adjustments.

Performance management planning defines how portfolio performance will be measured and reported, not the process for approving and executing adjustments.

Portfolio oversight covers governance roles and responsibilities at a high level and does not provide the specific procedural steps for approving schedule and budget changes.