PFMP · Question #22
You are working for a fortune 500 company which has a long history. Having many legacy IT systems, the CTO has envisioned the migration of IT systems from on-premise servers to cloud environments. Wha
The correct answer is C. Understand key stakeholders and their expectation. When a new strategic direction is announced, the first step is to understand key stakeholders and their expectations before updating plans or taking any formal action.
Question
You are working for a fortune 500 company which has a long history. Having many legacy IT systems, the CTO has envisioned the migration of IT systems from on-premise servers to cloud environments. What should you do after hearing the new direction?
Options
- AUpdate the portfolio management plan
- BDevelop a portfolio strategic plan
- CUnderstand key stakeholders and their expectation
- DRecord the decision made in portfolio reports
How the community answered
(36 responses)- A6% (2)
- B8% (3)
- C72% (26)
- D14% (5)
Why each option
When a new strategic direction is announced, the first step is to understand key stakeholders and their expectations before updating plans or taking any formal action.
Updating the portfolio management plan is premature before stakeholder expectations and impacts are fully understood.
Developing a portfolio strategic plan is a governance-level activity that requires thorough stakeholder analysis and organizational alignment first.
Stakeholder identification and expectation-gathering is foundational - without knowing who is affected and what they expect, any planning or communication effort will be misaligned. In portfolio management, stakeholder engagement precedes plan updates or formal documentation.
No formal decision has been ratified yet; recording it in portfolio reports at this stage would be inaccurate.
Concept tested: Stakeholder engagement before portfolio replanning
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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