Portfolio Management Professional (PfMP) — Question 27

Because of budget cutbacks, a portfolio manager has been forced to make extensive changes to the portfolio schedule and components. As part of this restructuring, the portfolio manager should first:

Answer options

• A. request direction from the governance board on how to modify the portfolio management office (PMO).
• B. request a portfolio management information system (PMIS) to help handle the changes.
• C. identify the new stakeholder mix and revise the portfolio communication plan.
• D. change the governance board members to reflect the new portfolio focus.

Correct answer: A

Explanation

The correct answer is A because it is crucial for the portfolio manager to seek guidance from the governance board to ensure that any changes to the PMO align with organizational goals. Option B is not the first step, as a PMIS is a tool that can be implemented later. Option C, while important, comes after understanding governance direction, and Option D is not a practical solution as it could complicate the governance structure without proper direction.