A portfolio manager has been informed of a related opportunity which, if it occurs, can bring in substantial revenue for the organization. The first action the portfolio manager should take is to:

• A.include information on the opportunity in the portfolio report.
• B.execute a change request to update the portfolio management plan.
• C.document the opportunity in the portfolio risk register.
• D.perform a cost-benefit analysis and forward the output to senior management.

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Stakeholders are concerned about the purpose of optimizing a portfolio while already having defined the portfolio with its related components, and are worried that this will cause a lot of time to be wasted. What is your advice to the stakeholders?

• A.This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization
• B.This process is required to optimize and balance the portfolio for performance and value delivery
• C.They are right, the process can be skipped when an inventory of work is in place
• D.This process can be skipped because it will be re-done as part of the Optimize Portfolio process

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