A program manager needs to predict potential opportunities and justify strategic resource allocation by understanding future economic conditions. Which of the following techniques is most appropriate for this purpose?
Analyzing economic indicators and market trends to project future conditions.
Conducting a root cause analysis (RCA) on a recently failed project component.
Gathering progress data from component projects to refine near-term tasks.
Using a risk register to document and track uncertain program elements.
The correct answer is a technique focused on predicting future economic conditions by analyzing macro-level data and trends. Economic forecasting is essential for strategic program planning. Other options are incorrect because they describe operational monitoring (refining tasks), reactive problem-solving (RCA), or a different planning process (risk register management).
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What are cyclical influences and how do they impact forecasting?
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What are higher-level market factors, and why are they important for program management?
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Why is it important to consider patterns in resource distribution when planning a program?
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PgMP
Strategic Program Alignment
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