A portfolio manager is implementing portfolio management processes across an organization and has already gained management approval. The portfolio manager's next action should be to:

Developing the portfolio management plan is a subsequent step that requires an updated roadmap as input and cannot meaningfully proceed without it.

Updating the portfolio roadmap is the correct next step because the roadmap must be revised to incorporate the newly approved portfolio management processes and implementation timeline before any planning, communication, or training can occur. The roadmap serves as the foundational reference that aligns all subsequent activities. Developing the full management plan, communicating, or training stakeholders are downstream actions that depend on an updated roadmap as their basis.

Communicating the implementation plan comes after the roadmap has been updated and the management plan has been developed, not immediately after approval.

Training stakeholders on processes and tools is a later-stage activity that occurs after the management plan and roadmap are in place, not immediately following approval.