PFMP · Question #523
You have been newly appointed as a portfolio manager and found out that your predecessor did not develop a Portfolio Risk Management plan as he thought that it is not necessary in the case where he…
The correct answer is B. Portfolio Communication Management Plan. When developing a Portfolio Risk Management Plan, you need to consult stakeholders to identify risks and plan risk management. To determine which stakeholders to engage and analyze, you need the Portfolio Communication Management Plan (B), because it contains the stakeholder…
Question
You have been newly appointed as a portfolio manager and found out that your predecessor did not develop a Portfolio Risk Management plan as he thought that it is not necessary in the case where he has a risk register. One of your first activities was to develop the missing plan. To do this, you needed to consult with stakeholders in order to fetch risk information in order to identify risks and plan risk management. Which of the following inputs to this process will help you in identifying which stakeholders to analyze?
Options
- APortfolio Process Assets
- BPortfolio Communication Management Plan
- CPortfolio Risk Management Plan
- DElicitation technique
How the community answered
(23 responses)- A4% (1)
- B78% (18)
- C13% (3)
- D4% (1)
Explanation
When developing a Portfolio Risk Management Plan, you need to consult stakeholders to identify risks and plan risk management. To determine which stakeholders to engage and analyze, you need the Portfolio Communication Management Plan (B), because it contains the stakeholder analysis, stakeholder register, and stakeholder engagement strategies - explicitly identifying who the stakeholders are, their interests, and their communication preferences. Portfolio Process Assets (A) contain historical risk data but don't identify stakeholders. The Portfolio Risk Management Plan (C) is what you are in the process of developing, so it cannot be an input to itself at this stage. Elicitation technique (D) is a tool/technique used in the process, not an input.
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