A key portfolio stakeholder has just requested that the portfolio manager add two new portfolio components and terminate another component. What should the portfolio manager do first?

The correct answer is A. Perform a benefits realization analysis.. Before acting on any stakeholder request to add or remove portfolio components, the portfolio manager must first understand the value and strategic alignment of those changes. A benefits realization analysis evaluates whether the proposed additions and termination will deliver th

Portfolio Performance Management

Question

Options

APerform a benefits realization analysis.
BPerform a gap analysis.
CUpdate the capability and capacity analysis.
DUpdate the portfolio management information system

How the community answered

(24 responses)

A
79% (19)
B
4% (1)
C
4% (1)
D
13% (3)

Explanation

Before acting on any stakeholder request to add or remove portfolio components, the portfolio manager must first understand the value and strategic alignment of those changes. A benefits realization analysis evaluates whether the proposed additions and termination will deliver the expected benefits and support organizational objectives. This must come first because it answers the fundamental 'why' - if the changes don't yield sufficient benefits or misalign with strategy, there is no reason to proceed to gap analysis, capacity updates, or PMIS updates. It also provides the evidence needed to justify the decision to governance bodies.

Topics

#Portfolio Component Management#Benefits Realization#Portfolio Change Management#Value Management

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