PFMP · Question #207
If various elements of the governance model for the portfolio have changed, the portfolio manager should document changes to the portfolio management plan and assess the changes'effects on the dynamic
The correct answer is D. executive members, and the risk to the portfolio.. Governance model changes are inherently executive in nature-they alter decision-making authority, oversight structures, and accountability at the highest levels. When governance elements change, the key impacts to assess are: (1) how new executive members fit into revised roles a
Question
If various elements of the governance model for the portfolio have changed, the portfolio manager should document changes to the portfolio management plan and assess the changes'effects on the dynamics of the team, the roles and responsibilities of new:
Options
- Atactical members, and potential changes to processes and procedures.
- Btactical members, and the risk to the portfolio.
- Cexecutive members, and potential changes to processes and procedures.
- Dexecutive members, and the risk to the portfolio.
How the community answered
(29 responses)- A7% (2)
- B14% (4)
- C3% (1)
- D76% (22)
Explanation
Governance model changes are inherently executive in nature-they alter decision-making authority, oversight structures, and accountability at the highest levels. When governance elements change, the key impacts to assess are: (1) how new executive members fit into revised roles and responsibilities, and (2) how these structural changes affect the risk profile of the portfolio (e.g., gaps in oversight, unclear authority, or conflicts in accountability). Tactical members (A, B) operate at the execution level and are less directly affected by governance model changes. While process and procedure changes (A, C) may eventually follow governance changes, the immediate and most significant concern at the governance level is executive roles and portfolio risk.
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