PFMP · Question #341
Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, change to reflect
The correct answer is A. Communication Management Plan. When an acquisition introduces new stakeholders with changed expectations, the Communication Management Plan must be updated to capture and address those new communication requirements.
Question
Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, change to reflect the new stakeholders and their expectations?
Options
- ACommunication Management Plan
- BPortfolio Roadmap
- CPortfolio Strategic Plan
- DPortfolio Management Plan
How the community answered
(29 responses)- A76% (22)
- B14% (4)
- C7% (2)
- D3% (1)
Why each option
When an acquisition introduces new stakeholders with changed expectations, the Communication Management Plan must be updated to capture and address those new communication requirements.
The Communication Management Plan identifies stakeholders, their information needs, and how communications will be managed throughout the portfolio lifecycle. After an acquisition brings new stakeholders with different expectations, this plan must be revised to incorporate those parties, their requirements, preferred channels, and engagement strategies.
The Portfolio Roadmap depicts the high-level timeline and sequencing of portfolio components, not stakeholder communication needs.
The Portfolio Strategic Plan defines strategic goals and investment allocation aligned to organizational strategy, not the communication requirements of specific stakeholders.
The Portfolio Management Plan is a broad document covering all management areas; stakeholder-specific communication requirements are captured in the Communication Management Plan.
Concept tested: Portfolio Communication Management Plan stakeholder updates
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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