PFMP · Question #306
You are managing a big portfolio and have a lot of stakeholders, whether external or internal. You know that stakeholder engagement is crucial to the success of the portfolio and realize that in order
The correct answer is B. Develop a well-structured RACI matrix. Developing a well-structured RACI matrix (B) is the foundational step for effective stakeholder engagement because it clearly defines who is Responsible, Accountable, Consulted, and Informed for each portfolio activity. This establishes clarity around roles, ensures the right sta
Question
You are managing a big portfolio and have a lot of stakeholders, whether external or internal. You know that stakeholder engagement is crucial to the success of the portfolio and realize that in order to have proper stakeholders engagement you will need to
Options
- AUpdate your communication management plan
- BDevelop a well-structured RACI matrix
- CEngage regularly with key stakeholders through formal and informal communication means
- DMeet regularly with all stakeholders
How the community answered
(24 responses)- A13% (3)
- B75% (18)
- C4% (1)
- D8% (2)
Explanation
Developing a well-structured RACI matrix (B) is the foundational step for effective stakeholder engagement because it clearly defines who is Responsible, Accountable, Consulted, and Informed for each portfolio activity. This establishes clarity around roles, ensures the right stakeholders are involved in the right decisions, and prevents engagement gaps or overlaps. Option A (updating the communication management plan) is a supporting action, not the primary step. Option C (engaging through formal and informal means) is important but comes after roles are defined. Option D (meeting with all stakeholders regularly) is impractical and inefficient in a large portfolio - the RACI matrix determines who needs to be engaged and when.
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