PFMP · Question #391
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. Portfolio Strategic Plan. After an acquisition changes strategic direction, the Portfolio Strategic Plan must be updated to reflect the new organizational vision and goals.
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 portfolio new vision?
Options
- APortfolio Strategic Plan
- BPortfolio Management Plan
- CCommunication Management Plan
- DPortfolio Roadmap
How the community answered
(23 responses)- A78% (18)
- B13% (3)
- C4% (1)
- D4% (1)
Why each option
After an acquisition changes strategic direction, the Portfolio Strategic Plan must be updated to reflect the new organizational vision and goals.
The Portfolio Strategic Plan is the document that formally records the portfolio's vision, goals, and strategic direction, making it the primary document that must be revised when organizational strategy shifts due to events like an acquisition. It directly links the organization's overall strategy to the portfolio and serves as the authoritative source of strategic intent for all portfolio decisions.
The Portfolio Management Plan describes how the portfolio will be managed operationally but does not define the strategic vision or direction of the portfolio.
The Communication Management Plan governs how information is distributed among stakeholders and has no role in defining or documenting portfolio strategy.
The Portfolio Roadmap depicts the timeline and sequencing of components; it is derived from the Strategic Plan and updated after the Strategic Plan is revised, not before.
Concept tested: Portfolio Strategic Plan update after acquisition
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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