PFMP · Question #707
For years, your aerospace company has been a leader in the development of sophisticated avionic hardware systems around the world. The executives want to continue with this well- recognized product…
The correct answer is A. Focus on needed competencies and develop competency profiles for the internal staff. To assess whether skill set limitations exist for a new strategic direction (moving from hardware to software), the most systematic and portfolio-appropriate approach is to first identify the competencies required for the new work and then develop competency profiles for…
Question
For years, your aerospace company has been a leader in the development of sophisticated avionic hardware systems around the world. The executives want to continue with this well- recognized product line, but also they decided it is time to move into state-of-the art software to complement the hardware products. You have been asked to assess whether there are skill set limitations in the company to assess resource capacity internally. To do so, you decide to:
Options
- AFocus on needed competencies and develop competency profiles for the internal staff
- BInterview staff members based on performance evaluations to determine their interest in the new
- CWork with Human Resources and review the education backgrounds of internal staff and see if
- DSet up a contingency plan by asking the Procurement Department to issue a Request for
How the community answered
(61 responses)- A70% (43)
- B8% (5)
- C18% (11)
- D3% (2)
Explanation
To assess whether skill set limitations exist for a new strategic direction (moving from hardware to software), the most systematic and portfolio-appropriate approach is to first identify the competencies required for the new work and then develop competency profiles for internal staff. This allows a structured gap analysis between what skills are needed versus what currently exists. Options B and C are partial approaches (performance evaluations and education backgrounds are proxies, not direct competency assessments), and Option D is a contingency response, not an assessment step. Developing competency profiles is the foundational resource capacity analysis method prescribed in portfolio resource management.
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