PFMP · Question #379
As a portfolio manager you need to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery…
The correct answer is D. Continue your work and perform the manage supply and demand process. The manage supply and demand process is a mandatory and distinct portfolio management process that cannot be substituted by strategic or governance activities.
Question
As a portfolio manager you need to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. One of your key stakeholders came to you asking to skip the manage supply and demand process as you have already prioritized and allocated resources through the strategic management and the governance processes. As a portfolio manager you should
Options
- ARaise this to the steering committee for approval
- BSkip the step as the stakeholder is correct and you can always re-do the process as part of
- CContinue work and ignore the stakeholder's request as this stakeholder is known to resist change
- DContinue your work and perform the manage supply and demand process
How the community answered
(31 responses)- A16% (5)
- B3% (1)
- C10% (3)
- D71% (22)
Why each option
The manage supply and demand process is a mandatory and distinct portfolio management process that cannot be substituted by strategic or governance activities.
Escalating this to the steering committee is unnecessary because executing standard portfolio management processes is within the portfolio manager's defined authority and responsibility.
Skipping a defined portfolio management process based on a stakeholder's opinion violates portfolio governance principles and creates accountability and optimization gaps.
Ignoring a stakeholder's request without professional engagement is poor stakeholder management practice, even when the request itself is inappropriate.
The manage supply and demand process serves a unique, ongoing function that is separate from the one-time resource allocations made in strategic management and governance processes. It continuously balances the changing resource demands of portfolio components against organizational capacity, and skipping it would create unmanaged resource conflicts and gaps in portfolio optimization.
Concept tested: Portfolio supply and demand management process necessity
Source: https://www.pmi.org/pmbok-guide-standards/foundational/portfolio-management
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