PFMP · Question #53
Your company has acquired another company to expand its product line. Which document should you update to reflect the change in organizational structure?
The correct answer is B. Portfolio Management Plan. A company acquisition changes the organizational structure, which directly affects how the portfolio is managed and governed, requiring an update to the Portfolio Management Plan.
Question
Your company has acquired another company to expand its product line. Which document should you update to reflect the change in organizational structure?
Options
- APortfolio Strategic Plan
- BPortfolio Management Plan
- CPortfolio Charter Update
- DPortfolio Process Assets
How the community answered
(47 responses)- A17% (8)
- B72% (34)
- C6% (3)
- D4% (2)
Why each option
A company acquisition changes the organizational structure, which directly affects how the portfolio is managed and governed, requiring an update to the Portfolio Management Plan.
The Portfolio Strategic Plan defines strategic goals and direction; organizational structure changes affect management processes, not strategic intent.
The Portfolio Management Plan documents how portfolio management activities will be carried out within the organizational context, including governance structures and organizational roles. When an acquisition changes the organizational structure, the Portfolio Management Plan must be updated to reflect new reporting lines, governance bodies, and management approaches resulting from the merger.
The Portfolio Charter is typically updated when the portfolio's scope, vision, or authorization changes - not solely due to internal organizational restructuring.
Portfolio Process Assets are templates, historical records, and lessons learned - not the document that reflects current organizational structure.
Concept tested: Portfolio Management Plan updates for organizational changes
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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