nerdexam
PMI

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.

Strategic Alignment

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)
  • A
    6% (2)
  • B
    8% (3)
  • C
    72% (26)
  • D
    14% (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.

AUpdate the portfolio management plan

Updating the portfolio management plan is premature before stakeholder expectations and impacts are fully understood.

BDevelop a portfolio strategic plan

Developing a portfolio strategic plan is a governance-level activity that requires thorough stakeholder analysis and organizational alignment first.

CUnderstand key stakeholders and their expectationCorrect

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.

DRecord the decision made in portfolio reports

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

Topics

#Portfolio Strategic Alignment#Stakeholder Engagement#Strategic Change Management

Community Discussion

No community discussion yet for this question.

Full PFMP Practice