PGMP · Question #417
To increase its presence and promote its products and services in new markets, a company begins to implement its new business strategy. The company's CEO endorses a new program to promote and…
The correct answer is D. Program risk and issue governance forum. Before a program is formally initiated, governance structures must be established to evaluate strategic alignment and provide oversight. A Program Risk and Issue Governance Forum is the foundational body that identifies, escalates, and resolves risks and issues - including the…
Question
To increase its presence and promote its products and services in new markets, a company begins to implement its new business strategy. The company's CEO endorses a new program to promote and support this strategy. However, before the program is formally initiated, this strategy must be aligned with the organization's strategic goals and objectives. What should the program manager develop first?
Options
- AProgram's risk threshold
- BProgram risk management plan
- CProgram resource management plan
- DProgram risk and issue governance forum
How the community answered
(30 responses)- A3% (1)
- B7% (2)
- C17% (5)
- D73% (22)
Explanation
Before a program is formally initiated, governance structures must be established to evaluate strategic alignment and provide oversight. A Program Risk and Issue Governance Forum is the foundational body that identifies, escalates, and resolves risks and issues - including the critical risk of strategic misalignment. Establishing this forum first ensures there is a formal mechanism to surface and resolve alignment concerns before the program is committed. A risk threshold (A) and risk management plan (B) are developed within the context of an established governance forum. A resource management plan (C) is premature before governance and initiation are in place. Governance enables every other planning activity.
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