Sample interview questions: How do you handle changes in project priorities or objectives within a portfolio?
Sample answer:
- Regularly Review and Monitor the Portfolio: Continuously assess project performance, progress, and alignment with strategic objectives. Identify any potential issues or changes in priorities or objectives early on to ensure timely adjustments.
- Communicate and Engage with Stakeholders: Maintain open lines of communication with project managers, team members, and stakeholders to gather insights, address concerns, and keep everyone informed of any changes or adjustments.
- Prioritize and Re-evaluate Projects: When changes occur, re-evaluate project priorities based on updated strategic objectives, resource availability, and market conditions. Make informed decisions on which projects to continue, defer, or terminate.
- Update Project Plans and Roadmaps: Revise project plans, timelines, and roadmaps to reflect the changes in priorities or objectives. Ensure that project teams have clear and updated direction to work towards.
- Allocate Resources Strategically: Adjust resource allocation to support the new priorities. Reassign resources as needed to ensure that critical projects have the necessary r… Read full answer