PFMP · Question #543
When it comes to change, one of your junior portfolio managers came to you requesting your help to deal with the overwhelming strategic changes. He wants your assistance in solving the issue of…
The correct answer is A. Change is a normal thing when it comes to portfolios, and he should act upon each strategic. Strategic change is a normal and expected characteristic of portfolio management, and portfolio managers should respond proactively to each change to maintain strategic alignment.
Question
When it comes to change, one of your junior portfolio managers came to you requesting your help to deal with the overwhelming strategic changes. He wants your assistance in solving the issue of continuous changes in the organization's objectives. What should be your advice to him?
Options
- AChange is a normal thing when it comes to portfolios, and he should act upon each strategic
- BNot all strategic changes impacting his portfolio need to be taken care of; he should prioritize the
- CHelp him to align his portfolio and manage it correctly in order to decrease the number and scale
- DInform him that this is abnormal and that he should re-do the planning for his portfolio; even if it
How the community answered
(28 responses)- A89% (25)
- C4% (1)
- D7% (2)
Why each option
Strategic change is a normal and expected characteristic of portfolio management, and portfolio managers should respond proactively to each change to maintain strategic alignment.
The PMI Standard for Portfolio Management explicitly recognizes that portfolios operate in dynamic environments where organizational strategies evolve continuously. Acting on each strategic change is expected portfolio management behavior because the portfolio must remain aligned with current organizational objectives at all times.
All strategic changes affecting the portfolio must be evaluated and addressed; selectively ignoring some would risk persistent misalignment with organizational strategy.
A portfolio manager does not have the authority or ability to reduce the number or scale of strategic changes - these originate from organizational leadership and the external environment.
Strategic change is entirely normal in portfolio management and does not indicate a need to completely redo portfolio planning; it calls for structured change management.
Concept tested: Portfolio response to continuous strategic change
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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