PFMP · Question #693
You have a portfolio component that is using earned value analysis. It is at the 15% point of completion, and it is evident that it cannot be completed as planned. Adding resources will not solve…
The correct answer is B. Documented these decisions in portfolio reports. The correct answer is B: Documented these decisions in portfolio reports. The key distinction here is that the Board has already made its decisions-terminate the component and reallocate resources. The portfolio manager's primary governance responsibility at this stage is to…
Question
You have a portfolio component that is using earned value analysis. It is at the 15% point of completion, and it is evident that it cannot be completed as planned. Adding resources will not solve the problem, and at the last Portfolio Review Board meeting, the Board members decided to terminate this component based on its various risks. They then decided the resources allocated to this component could be transferred to other portfolio components enhancing their early completion and avoiding risks from competitors. As the portfolio manager, you:
Options
- AWorked with the component managers to ease the transition
- BDocumented these decisions in portfolio reports
- CSet up both quantitative and qualitative metrics to determine the usefulness of adding resources
- DMet with the affected component managers and their teams to explain these changes
How the community answered
(29 responses)- A3% (1)
- B72% (21)
- C17% (5)
- D7% (2)
Explanation
The correct answer is B: Documented these decisions in portfolio reports. The key distinction here is that the Board has already made its decisions-terminate the component and reallocate resources. The portfolio manager's primary governance responsibility at this stage is to formally document those decisions in portfolio reports to ensure an accurate record, enable communication to stakeholders, and maintain audit trail integrity. Options A and D describe valid actions but are secondary-they support transition and communication, not formal governance. Option C describes an evaluation activity (setting metrics to assess adding resources) that would have been appropriate before the Board's decision, not after it. Documentation is the foundational output that makes all subsequent actions traceable and official.
Community Discussion
No community discussion yet for this question.