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PFMP · Question #514

A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The sponsor has asked you to analyze the change and update the neede

The correct answer is D. All of the options. A major strategic change requires updating all components of the Portfolio Management Plan, including organizational structure, communication and performance management, and stakeholder engagement.

Strategic Alignment

Question

A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The sponsor has asked you to analyze the change and update the needed documents. You managed this change and are currently updating the Portfolio Management Plan. Which of the following are part of this update

Options

  • APortfolio Organizational Structure
  • BCommunication and Performance Management
  • CStakeholder Engagement
  • DAll of the options

How the community answered

(46 responses)
  • A
    9% (4)
  • B
    4% (2)
  • C
    2% (1)
  • D
    85% (39)

Why each option

A major strategic change requires updating all components of the Portfolio Management Plan, including organizational structure, communication and performance management, and stakeholder engagement.

APortfolio Organizational Structure

Portfolio Organizational Structure is only one sub-component of the Portfolio Management Plan and alone does not capture all the updates necessitated by a strategic change.

BCommunication and Performance Management

Communication and Performance Management represents only part of the Portfolio Management Plan; a strategic change affects the full scope of the plan, not a single domain.

CStakeholder Engagement

Stakeholder Engagement is just one element of the Portfolio Management Plan; limiting updates to this area would leave the organizational structure and performance management misaligned with the new strategy.

DAll of the optionsCorrect

The Portfolio Management Plan is a comprehensive document that encompasses the portfolio organizational structure, communication and performance management plans, and stakeholder engagement plans as integrated sub-plans. A strategic organizational change cascades across all these dimensions simultaneously, requiring updates to each component to realign the entire portfolio with the new strategic direction.

Concept tested: Portfolio Management Plan components updated after strategic change

Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management

Topics

#Portfolio Management Plan#Strategic Change Management#Portfolio Governance#Portfolio Documentation

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