PFMP · Question #202
A portfolio manager is executing a portfolio when there is a change to the organizational strategy. After a change analysis is performed, the portfolio manager wants to reflect the new vision for…
The correct answer is A. management plan. The portfolio management plan is the master governance document that defines how the portfolio will be managed, monitored, and controlled. When organizational strategy changes and a change analysis is completed, all resulting adjustments to components, timelines, and…
Question
A portfolio manager is executing a portfolio when there is a change to the organizational strategy. After a change analysis is performed, the portfolio manager wants to reflect the new vision for the components, timelines, and dependencies. To reflect these changes, the portfolio manager should update the portfolio:
Options
- Amanagement plan.
- Bstrategic plan.
- Ccharter.
- Droadmap.
How the community answered
(19 responses)- A79% (15)
- B11% (2)
- C5% (1)
- D5% (1)
Explanation
The portfolio management plan is the master governance document that defines how the portfolio will be managed, monitored, and controlled. When organizational strategy changes and a change analysis is completed, all resulting adjustments to components, timelines, and dependencies must be formally captured in the management plan to ensure alignment and provide a baseline for ongoing governance. The strategic plan (B) is an organizational-level document outside the portfolio manager's control. The charter (C) establishes the portfolio's authorization and scope but is not updated for operational changes. The roadmap (D) shows a high-level visual timeline but is derived from and subordinate to the management plan. Updating the management plan ensures all stakeholders operate from the same formally approved direction.
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