PFMP · Question #315
A portfolio manager on one of the major sub-portfolios in your portfolio has tendered his resignation and gave you a 2 months notice. This unexpected change will require you to take immediate action w
The correct answer is B. Provide Portfolio Oversight. The 'Provide Portfolio Oversight' process is responsible for monitoring the overall health of the portfolio and responding to significant changes that require governance board involvement. An unexpected resignation of a key portfolio manager is a governance-level event - it affec
Question
A portfolio manager on one of the major sub-portfolios in your portfolio has tendered his resignation and gave you a 2 months notice. This unexpected change will require you to take immediate action with the governance board. Which of the following processes will be handling this situation?
Options
- AManage Portfolio Risk
- BProvide Portfolio Oversight
- CManage strategic change
- DManage Supply & Demand
How the community answered
(61 responses)- A11% (7)
- B77% (47)
- C8% (5)
- D3% (2)
Explanation
The 'Provide Portfolio Oversight' process is responsible for monitoring the overall health of the portfolio and responding to significant changes that require governance board involvement. An unexpected resignation of a key portfolio manager is a governance-level event - it affects leadership continuity, resource allocation, and potentially the portfolio's strategic execution. The governance board must be engaged to fill the leadership gap. 'Manage Portfolio Risk' (A) would handle identified risks and their responses, but a resignation is an operational disruption requiring oversight action. 'Manage Strategic Change' (C) applies to shifts in organizational strategy, not personnel changes. 'Manage Supply & Demand' (D) deals with resource capacity planning at a more operational level.
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