Because of budget cutbacks, a portfolio manager has been forced to make extensive changes to the portfolio schedule and components. As part of this restructuring, the portfolio manager should first:

Question

Options

• Arequest direction from the governance board on how to modify the portfolio management office
• Brequest a portfolio management information system (PMIS) to help handle the changes.
• Cidentify the new stakeholder mix and revise the portfolio communication plan.
• Dchange the governance board members to reflect the new portfolio focus.

• A
  80% (35)
• B
  11% (5)
• C
  2% (1)
• D
  7% (3)

Explanation

Before making significant structural changes to a portfolio under budget constraints, the portfolio manager must first seek guidance from the governance board. The governance board sets strategic priorities and authorizes changes of this magnitude; proceeding without their direction could misalign the portfolio with organizational strategy. Requesting a PMIS (B) is a tools decision that comes after strategic direction is set. Revising the communication plan (C) is appropriate later, once the new structure is known. Changing governance board members (D) is inappropriate - the portfolio manager does not have authority to alter board membership unilaterally.

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