Before a new portfolio component can commence, the portfolio manager should:

Question

Options

• Ainitiate a change management process in order to launch the work on the component.
• Brequest approval from portfolio governance to proceed with beginning work on the component.
• Cauthorize the initiation of the portfolio component according to the portfolio management plan.
• Didentify and acquire the resources needed to execute the component.

• B
  5% (1)
• C
  95% (18)

Explanation

Before a portfolio component commences, the portfolio manager must formally authorize its initiation according to the portfolio management plan. This authorization step is a governance control that ensures components begin work only after the proper approvals and planning processes defined in the portfolio management plan have been followed. Initiating a change management process (A) applies to changes, not new component starts. Requesting governance approval (B) may be part of the plan but the PM's direct action is to execute the authorization per the plan. Identifying and acquiring resources (D) is a downstream activity that follows authorization.

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