PFMP · Question #506
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, update to…
The correct answer is A. Communication Management Plan. When a company is acquired and strategic directions change, the Communication Management Plan must be updated first to reflect the new stakeholder landscape, revised reporting structures, and updated timelines for communicating changes. An acquisition introduces new owners…
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, update to reflect the change to the timeline?
Options
- ACommunication Management Plan
- BPortfolio Management Plan
- CPortfolio Strategic Plan
- DPortfolio Roadmap
How the community answered
(29 responses)- A59% (17)
- B10% (3)
- C7% (2)
- D24% (7)
Explanation
When a company is acquired and strategic directions change, the Communication Management Plan must be updated first to reflect the new stakeholder landscape, revised reporting structures, and updated timelines for communicating changes. An acquisition introduces new owners, executives, and governance bodies - all of whom need to be incorporated into the communication framework. While the Portfolio Roadmap (D) tracks the timeline of components, updating how changes are communicated to a new set of stakeholders takes precedence as the immediate action to manage the transition effectively.
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