PFMP · Question #496
Portfolio management processes are performed in an environment broader than a portfolio; therefore, an organization-level implementation team supported by executive management, a governing body, and…
The correct answer is D. Communicate the portfolio management implementation plan. After defining roles and responsibilities for portfolio management implementation, the first next step is to communicate the implementation plan so all stakeholders understand expectations before any deployment begins.
Question
Portfolio management processes are performed in an environment broader than a portfolio; therefore, an organization-level implementation team supported by executive management, a governing body, and portfolio managers join forces to implement organization-level portfolio management processes. After Defining roles and responsibilities for portfolio management process implementation, what should be the FIRST next step?
Options
- ADefine and deploy detailed portfolio management processes and provide training to staff and
- BChanging business processes
- CDeveloping the Portfolio Strategic Plan
- DCommunicate the portfolio management implementation plan
How the community answered
(25 responses)- A16% (4)
- B8% (2)
- C4% (1)
- D72% (18)
Why each option
After defining roles and responsibilities for portfolio management implementation, the first next step is to communicate the implementation plan so all stakeholders understand expectations before any deployment begins.
Deploying detailed processes and providing training is a subsequent step that logically follows after the plan has been communicated and stakeholder alignment has been achieved.
Changing business processes is a downstream implementation activity that occurs during or after the rollout phase, not immediately after defining roles.
Developing the Portfolio Strategic Plan is an earlier foundational activity that precedes the role definition step referenced in the question.
Communicating the portfolio management implementation plan ensures that all affected stakeholders - including executives, portfolio managers, and staff - understand the defined roles, the upcoming changes, and the timeline. This alignment is a prerequisite to effective deployment of processes and training, as stakeholders who are uninformed cannot support or adopt the new processes.
Concept tested: Sequencing of portfolio management implementation steps
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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