PFMP · Question #749
Assume your pork producing company finds that there is an over-abundance of pork products and competitors in the marketplace even though it has had to implement Hazard Analysis and Critical Control…
The correct answer is C. Compare the current portfolio mix with that with this change. A gap analysis in this context compares the current pork-focused portfolio mix against the desired future state that includes seafood products to identify what components must change.
Question
Assume your pork producing company finds that there is an over-abundance of pork products and competitors in the marketplace even though it has had to implement Hazard Analysis and Critical Control Point (HACCP) processes that are a regulatory requirement. Profits are lower than ever before in the history of the company. Management is changing the company's strategy to also focus on seafood products. You have been asked to complete a gap analysis to:
Options
- ADetermine resource capacity
- BAssess risks with this change
- CCompare the current portfolio mix with that with this change
- DDetermine any requirements that must be addressed before the change is implemented
How the community answered
(32 responses)- A6% (2)
- B3% (1)
- C81% (26)
- D9% (3)
Why each option
A gap analysis in this context compares the current pork-focused portfolio mix against the desired future state that includes seafood products to identify what components must change.
Determining resource capacity is a capacity planning activity that may follow the gap analysis but is not its primary purpose.
Assessing risks associated with the strategic change is a risk management activity performed separately from gap analysis.
Gap analysis is a technique that compares the current portfolio composition with a target or desired future state, highlighting the differences that must be addressed. In this scenario, the company is shifting strategy to include seafood, so the gap analysis must compare the existing pork-only portfolio against the new mixed portfolio to determine which components remain valid, which need to be added, and which should be retired. This comparison is the definitional purpose of gap analysis in the PMI portfolio management framework.
Determining requirements before implementing the change describes requirements gathering or readiness assessment, which occurs after the gap has been identified.
Concept tested: Gap analysis comparing current and future portfolio mix
Source: https://www.pmi.org/pmbok-guide-standards/foundational/standard-for-portfolio-management
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