You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. The Portfolio Process Assets are important and referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Process Assets purpose and focus?
A. Forecasts how and when the portfolio will deliver value to the organization
B. High-level prioritization mapping of the portfolio
C. Can be used to influence the portfolio's success
D. Corresponds to the means to the "to-be" vision
As part of the periodical strategic management cycle, the portfolio management team is revising the portfolio and re-doing the strategic management part. Currently, they are assuming and evaluating different combinations of components in order to come up with multiple approaches and take a decision on the portfolio structure. What is currently being performed?
A. Capability and Capacity Analysis
B. Scenario Analysis
C. Stakeholders Analysis
D. Readiness Assessment
One of your team members who is particularly interested in becoming a portfolio manager has asked you what is the relation between the Portfolio roadmap and the Programs/Projects roadmaps? What should be your answer to him?
A. Program and Project roadmaps may be included in the portfolio roadmap
B. There is no relation whatsoever
C. Program and Project roadmaps are more detailed and less strategically aligned
D. Portfolio roadmaps are high level approaches for program and project roadmaps
Your CEO was fired because of a decline in the company's profits by the Board of Directors. They have now hired a new CEO, who plans to re-shape the portfolio and has changed the company's strategic goals and objectives. The new CEO will continue the existing product line of soap products that the company has manufactured for the past 50 years but now will manufacture new products to focus on the baby boomer generation as they retire but desire to maintain a youthful appearance. It also will offer other products to new high school and college graduates who want to appear older. As the portfolio manager you should:
A. Determine the overall impact to the portfolio performance
B. Determine investment requirements to move to these markets
C. Assess the competencies of the existing staff to support these new products
D. Evaluate whether the new products can be outsourced to reduce time to market
Portfolio Prioritization Model is included in the Portfolio management plan and guides the ongoing decisions as to which portfolio components should be added, terminated, or changed; which of the following is correct regarding the Prioritization Model purpose and content?
A. All of the options
B. Ensures benefits are comprehensively and holistically taken into consideration
C. Contains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment risks, and dependencies
D. Establishes and tailors the decision-making rights and authorities
The portfolio management process ensures the components are aligned to goals. However, it is driven by:
A. Viability
B. Value and benefits
C. Organizational strategy and objectives
D. Interdependencies and resource constraints
Obviously resources are more than people and include physical resources and those at the organizational level, such as the knowledge management system, helpful in portfolio management in terms of competitive intelligence. However, since most organizations operate with scarce resources, it is necessary to apply these scarce resources to support the highest ranked items in the portfolio and not to fund a proposed component unless resources are available to support it. Therefore, it is useful to determine at a collective level whether or not resources will create value greater than the cost of creating it. A portfolio report can focus on:
A. Allocation of resources according to a Responsible, Accountable, Consulted, Inform (RACI) chart
B. The need for drum resources and buffers to plan for their use at key times
C. Capability and capacity
D. Costs to acquire resources with needed knowledge, skills, and competencies
Assume you are helping the Portfolio Review Board select and implement the portfolio with the best alignment to strategy as you work to create a list for to be considered for prioritization. One possible component on the surface does not seem to be one that is profitable, but you believe that over time changes will occur that will make it cost/beneficial to pursue. This means you are using:
A. Market analysis
B. Business value analysis
C. Scenario analysis
D. Options analysis
While a variety of prioritization approaches are available and are useful in portfolio management and many software packages support the various approaches, it is important to recognize:
A. Resource constraints
B. Mandatory criteria
C. Allocation of funds across categories based on business value
D. Methods to determine which components should receive the highest priority
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. You are currently in the process of developing the risk management plan. Which of the following activities will you be performing?
A. All of the options
B. Risk Response
C. Risk Assessment
D. Risk Planning
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