PFMP · Question #412
You have been managing a complex portfolio for the banking industry and it is sought to be the shifting to the top-notch digital banking era for one of the major international banks. You know you…
The correct answer is D. Change control and management. The Change Control and Management section of the Portfolio Management Plan governs how changes to cost, requirements, and schedule are identified, evaluated, approved, and implemented throughout the portfolio lifecycle. It defines the formal process for reflecting and managing…
Question
You have been managing a complex portfolio for the banking industry and it is sought to be the shifting to the top-notch digital banking era for one of the major international banks. You know you will have changes along the lifecycle and you plan to manage them correctly in order to maintain alignment and correct execution. If you need to reflect changes based on cost, requirements, and schedule. To which of the following section in the portfolio management plan will you refer?
Options
- APerformance management
- BManage strategic change
- CResource management
- DChange control and management
How the community answered
(36 responses)- A6% (2)
- B3% (1)
- C11% (4)
- D81% (29)
Explanation
The Change Control and Management section of the Portfolio Management Plan governs how changes to cost, requirements, and schedule are identified, evaluated, approved, and implemented throughout the portfolio lifecycle. It defines the formal process for reflecting and managing changes to ensure portfolio alignment is maintained. Performance management tracks ongoing metrics, Resource management handles personnel and assets, and Manage Strategic Change deals with broader organizational strategy shifts-none of which specifically address the procedural handling of cost, requirement, and schedule changes.
Topics
Community Discussion
No community discussion yet for this question.