Stakeholders in your company are skeptical of the changes that will occur as portfolio management is being implemented. While some are supportive, most are not as they believe their work may be terminated. As the portfolio manager, you prepared a list of stakeholders, which is included in the:
A. Portfolio strategic plan
B. Portfolio charter
C. Portfolio performance plan
D. Portfolio management plan
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to optimizing portfolio, what is the purpose of using this analysis?
A. To study the capability of resources, match them against the portfolio's objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands
B. Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components
C. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio
D. It enables the organization to achieve maximum portfolio benefits given current resource constraints
You are the CIO of a real estate investment trust (REIT) that invests in apartments and condominiums in more than 50% of the states in your country. Your organization has as its goal to respond to any concerns that arise within 24 hours; for example, you want to make sure Wi-Fi sites are operational if there are any power outages, and people have soft phone service available 24/7. You are a member of the REIT's Portfolio Review Board, and as a member of the executive team in terms of portfolio risk management, you want to focus on:
A. Issues with product support
B. Identifying and managing liabilities
C. Interaction of component risks
D. Inconsistent processes
Your dry foods company is faced with new regulations that dramatically change what is to be included in each product to put on redesigned food labels. The objective of the regulations is to help reduce obesity in the citizens in your country so they are aware of trans-fat food. You must be in complete compliance with these regulations in six months. As the portfolio manager you must document how you will address these regulations in a:
A. Detailed report to the Portfolio Review Board
B. Meeting with all employees as some existing components will be deferred to meet the requirements
C. Portfolio performance plan
D. Portfolio communications plan
Assume you are the portfolio manager for a telecommunications company. Your company was about to launch a new and easy to use smart phone with more features than any existing phones on the market at a lower price. However, although the phone was due to market in five days, the Federal Communications Commission issued today a regulation that would make your new phone not available for use in airplanes. Thus additional work must be done, and your executives are wondering whether a new phone should be developed for this new feature. You are ensuring that if a new phone is developed, or if the almost completed product is not to be marketed, there is still alignment to the organization's strategy. As you complete an analysis of alternatives, you also should ensure results of the analysis are reflected in the:
A. Benefits realization plan
B. Portfolio process assets
C. Portfolio roadmap
D. Portfolio performance plan
Your company has decided to invest in a revolutionary product that will make the delivery of online orders easier and will cut down the delivery time by no less than 35%. While measuring the value of the new component with relation to the market, which of the following should be used?
A. Comparative Advantage Analysis
B. Market Requirement Analysis
C. Weighted Ranking and Scoring
D. Cost-Benefit
Your company has had a portfolio management process in place for five years at the enterprise level, in its business units, and even in its complex programs. This year the company's Center for Excellence received an award for its work in this area from PMI? As the Portfolio Manager, you have predefined metrics in place, which are critical because:
A. They show transparency at all levels
B. They provide stakeholders with critical information on the health of the portfolio
C. They show the link of each initiative to the company's strategic goals
D. They provide insight into the processes being used
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. Risk Categories, criteria and probability and impact are updated as a result of Developing the Risk Management Plan. These updates are recorded in which of the following?
A. Portfolio Management Plan updates
B. Portfolio Process Assets updates
C. Organizational Process Assets updates
D. Portfolio Reports
Due to market technological changes, your company got impacted and was urged to revise its portfolios. You are currently revising your portfolio to determine the required changes in the component mix. Which of the following options helps in assessing the capability of the organization to undertake the portfolio with its new strategic direction, and what is needed to be done?
A. Interdependency Analysis
B. Readiness Assessment
C. Capability and Capacity Analysis
D. Gap Analysis
As you work to determine which stakeholders had the highest degree of influence over the portfolio, you wanted to especially know about the members of the Portfolio Governance Board because:
A. They would have numerous interrelationships with other stakeholders
B. They would be best suited to work with people who were not portfolio management supporters
C. The governance processes affect information requirements
D. All of the portfolio changes, risks, and issues would be of interest to them
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