240 ◾ PfMP® Exam Practice Tests and Study Guide
112. As you began to determine the information needs of your stakeholders
as part of preparing the portfolio communications management plan, you
began with sponsors and governance board members. As you talked with
them, you then learned about others who were inuential in portfolio man-
agement and gathered additional information. This means:
a. An increasingly large number of stakeholders want to be involved in the
process
b. Managing stakeholder expectations will consume the majority of your job
c. You need to update the portfolio management plan
d. You need to update the portfolio strategic plan
113. Having worked for eight different agencies over your government career,
you know change is constant. Some programs you worked on at the time
seemed as if they would last forever, but then some type of strategic change
occurred, and they were terminated. In one government agency, where
you were the portfolio manager, the government decided to make it one
that was quasi- governmental, meaning some funding would be provided
by the government, but the agency would need to nd additional funding
from other sources or reduce the components in the portfolio dramatically.
This meant:
a. Continual review and approval by stakeholders rather than only at stage
gates
b. Consistent communication to all stakeholder groups
c. A separate plan to address compliance requirements with this new
legislation
d. A dened change control structure
114. Each organization is unique, and the same is true in how portfolio man-
agement is practiced. However, assume there is a strategic change to an
organization that requires regulatory approval before its products can be
commercialized. This new change now requires yet another audit before the
product can be generally recognized as safe. Passing this new audit will add
time to each schedule as it is unsure how quickly they can be done. This
is a major strategic change, which affects much of the work under way, and
shows that:
a. It is necessary to work closely with the strategic planning staff as the
portfolio manager
b. The portfolio communications and risk plans also require updates
c. Buffers need to be added to each program and project schedule because
of these audits
d. The prioritization criteria require change