PFMP · Question #736
As the portfolio manager you have worked to consider the complexities involved of the interdependencies in your programs, projects, and ongoing work. As your portfolio process has been implemented…
The correct answer is B. Revise the portfolio management plan. The issues described-uncoordinated processes, frequent priority changes by executives, and lack of transparent standards-are systemic governance and management problems that require a formal, documented solution. The portfolio management plan defines the processes, standards…
Question
As the portfolio manager you have worked to consider the complexities involved of the interdependencies in your programs, projects, and ongoing work. As your portfolio process has been implemented for three years, a key challenge is that senior executives tend to change priorities often even though programs and projects are being implemented. Often these programs and projects are cross-functional, and the result is your process is not coordinated. You recognize there is a need to change, and you met with the Chair of the Portfolio Review Board and have her support for a transparent approach for portfolio standards and prioritization. You should:
Options
- ARevise the balancing process
- BRevise the portfolio management plan
- CRevise the scoring model
- DSet up a standard method to communicate change
How the community answered
(46 responses)- A13% (6)
- B78% (36)
- C7% (3)
- D2% (1)
Explanation
The issues described-uncoordinated processes, frequent priority changes by executives, and lack of transparent standards-are systemic governance and management problems that require a formal, documented solution. The portfolio management plan defines the processes, standards, prioritization methods, and governance structures for the entire portfolio. Revising it, with the Portfolio Review Board Chair's backing, formalizes the new transparent and coordinated approach. Option A (revising the balancing process) addresses only one aspect. Option C (revising the scoring model) is too narrow and deals only with component selection criteria. Option D (standard communication method) is part of the solution but does not address the root governance and process issues.
Community Discussion
No community discussion yet for this question.