PFMP · Question #678
By setting up portfolio categories and using a pair-wise comparison approach to rank components, as the portfolio manager, you feel that you are finally setting up and getting people to follow…
The correct answer is C. Update the roadmap. When a portfolio component is terminated, the portfolio roadmap must be updated to reflect its removal and to realign the sequencing and dependencies of remaining components.
Question
By setting up portfolio categories and using a pair-wise comparison approach to rank components, as the portfolio manager, you feel that you are finally setting up and getting people to follow standard portfolio practices. Since portfolio management still is relatively new, progress is under way. As some components are added, and others are not continued, you are making sure if a component is terminated that it does not have dependencies with others in the portfolio. You need to then:
Options
- ARevise the ranking model
- BInform all stakeholders
- CUpdate the roadmap
- DUpgrade to a more detailed scoring model that includes dependencies with components
How the community answered
(34 responses)- A15% (5)
- B6% (2)
- C76% (26)
- D3% (1)
Why each option
When a portfolio component is terminated, the portfolio roadmap must be updated to reflect its removal and to realign the sequencing and dependencies of remaining components.
Revising the ranking model is not required when a single component is terminated; the ranking model remains valid for evaluating remaining and newly proposed components.
Communicating the termination to relevant stakeholders is a sound practice, but it is a communication action rather than the primary portfolio management artifact that must be updated.
The portfolio roadmap is a dynamic artifact depicting the timeline, sequencing, and interdependencies of all portfolio components; terminating a component requires the roadmap to be revised so that downstream dependencies and scheduling relationships among remaining components accurately reflect the current portfolio state.
Upgrading to a more detailed scoring model is a process improvement initiative, not a specific response triggered by the termination of an individual component.
Concept tested: Portfolio roadmap update upon component termination
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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