After receiving a regular resource utilization report, the portfolio manager has identified two portfolio components that are competing for the same key resource. The unavailability of this resource…

Question

Options

• ACommunicate the issue in the next portfolio management board meeting.
• BUpdate the issue log and develop an action plan.
• CPerform scenario analysis to identify potential options to resolve the issue.
• DHire an additional resource to fill the resource gap.

• A
  20% (6)
• B
  7% (2)
• C
  60% (18)
• D
  13% (4)

Explanation

Scenario analysis allows the portfolio manager to model multiple resolution options - such as reallocating resources, adjusting timelines, using contractors, or reprioritizing components - and evaluate the trade-offs of each before committing to a course of action. This equips the portfolio manager with informed, analyzed options before escalating or deciding. Communicating in the next board meeting (A) is too slow for an active resource conflict and does not include a recommended solution. Updating the issue log and developing an action plan (B) is appropriate after analysis identifies the best action. Hiring an additional resource (D) is one possible solution, but should only be chosen after evaluating all options through scenario analysis.

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