After receiving a regular resource utilization report, the portfolio manager has identified two portfolio components that are competing for the same key resource. The unavailability of this resource…

Question

Options

• Astrategic plan.
• Bresource management plan.
• Cgovernance plan.
• Dmanagement plan.

• A
  5% (2)
• B
  14% (6)
• C
  7% (3)
• D
  75% (33)

Explanation

The portfolio management plan is the overarching governance document that defines how the portfolio is managed end-to-end, including processes for resource conflict identification, escalation, and stakeholder communication. Updating it ensures systemic improvement so that resource competition and communication gaps are handled correctly in future situations. The strategic plan (A) governs direction, not operational processes. The resource management plan (B) addresses allocation but is a subsidiary plan - updating only it would leave communication gaps unaddressed. The governance plan (C) covers decision rights and structures, not day-to-day management processes. The portfolio management plan is the right document because it integrates all management processes holistically.

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