PFMP · Question #478
Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently det
The correct answer is B. Readiness Assessment. A Readiness Assessment evaluates an organization's preparedness to implement a strategic change by addressing four key questions: if the change should be made, when it should occur, what specifically will change, and how the change will be executed. This is distinct from a Gap An
Question
Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently determining if, when, what, and how of implementing the change in order to re-align the portfolio. What are you currently doing?
Options
- AGap Analysis
- BReadiness Assessment
- CChange Analysis
How the community answered
(29 responses)- A17% (5)
- B72% (21)
- C10% (3)
Explanation
A Readiness Assessment evaluates an organization's preparedness to implement a strategic change by addressing four key questions: if the change should be made, when it should occur, what specifically will change, and how the change will be executed. This is distinct from a Gap Analysis, which compares current state to desired future state to identify deficiencies, and from Change Analysis, which evaluates the nature and impact of a change. The 'if, when, what, and how' framing is the defining characteristic of a Readiness Assessment in portfolio management.
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