Portfolio managers tend to use the efficient frontier analysis as a modeling approach that gives decision makers the analytical tool to optimize portfolios given resource constraints such as risk. In which of the Portfolio management processes the efficient frontier is mostly used
A. Optimize Portfolio
B. Manage Supply and Demand
C. Manage Portfolio value
D. Manage Portfolio Information
As a portfolio manager you need to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. One of your key stakeholders came to you asking to skip the manage supply and demand process as you have already prioritized and allocated resources through the strategic management and the governance processes. As a portfolio manager you should
A. Raise this to the steering committee for approval
B. Skip the step as the stakeholder is correct and you can always re-do the process as part of managing a strategic change
C. Continue work and ignore the stakeholder's request as this stakeholder is known to resist change and hates collaboration
D. Continue your work and perform the manage supply and demand process
A new sponsor was appointed by the company in order to push more on the investments underway. The new sponsor wants detailed information on time and money and wants to get things done quickly. Which element of the portfolio management plan will be referred to for managing the sourcing of key resources?
A. Portfolio Oversight
B. Governance Model
C. Communication Management Plan
D. Performance Management Plan
The portfolio strategic plan should contain a prioritization model or approach that guides the ongoing decisions as to which portfolio components should be added, terminated, or changed, as well as prioritizes and balances the component mix over time. A simple prioritization model may be provided which contains
A. All of the options
B. ROI
C. Criteria to ensure alignment to strategic goals
D. Investment risks
Since you work for a global aerospace and defense organization, it decided to pilot the implementation of portfolio management in its cargo aviation business unit. You were asked to lead this initiative and realized before you could proceed, you should find out information about all the existing projects, programs, and operational activities. This task took three months to complete, but with this list, you now can use it to set up categories for the work that is under way and to also define criteria to use to propose new components. As a result you should:
A. Determine how to optimize the existing work
B. Ensure the criteria and categories are aligned with the portfolio roadmap
C. Set up a Portfolio Review Board
D. Prepare a portfolio performance plan
You have just finalized aggregating value from the ongoing components to present a consolidated report to the governance board, in addition to recommending changes to portfolio and information to enable a better decision making. You are now looking for a place to document updates including new measures, reports and processes for effective ongoing management of the portfolio value. In which of the following documents are these measures included?
A. Portfolio Management Plan updates
B. Portfolio Process Assets updates
C. Portfolio Reports
D. Portfolio updates
You are managing a big portfolio and have a lot of stakeholders, whether external or internal. You know that stakeholder engagement is crucial to the success of the portfolio and realize that in order to have
proper stakeholders engagement you will need to
A. Update your communication management plan
B. Develop a well-structured RACI matrix
C. Engage regularly with key stakeholders through formal and informal communication means
D. Meet regularly with all stakeholders
While aggregating data from component reports in order to present the portfolio status to the governance board on an upcoming review meeting, which of the following is the most important thing to do?
A. Disseminating the status to related stakeholders mentioned in communication management plan before the review meeting
B. Updating the portfolio communication management plan
C. Disseminating the status to all stakeholders before the review meeting
D. Perform Communication Requirements Analysis
The interest, influence, and communication needs of business operational stakeholders who are looking to ensure alignment between portfolio components, while minimizing negative impact and maximizing positive benefits of all portfolio- managed changes to their business operations, relate to which type of stakeholders?
A. Internal and External Stakeholders
B. External Stakeholders
C. Does not relate to stakeholders
D. Internal Stakeholders
Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is incorporated in all process groups as well. As a portfolio manager, how do you map the risk management elements to process groups?
A. Risk Planning (Defining) - Risk Assessment and Response (Aligning)
B. Risk Assessment (Defining) - Risk Planning (Aligning) - Risk Response (Authorizing and Controlling)
C. Risk Planning (Defining) - Risk Assessment (Aligning) - Risk Response (Authorizing and Controlling)
D. Risk Planning (Defining) - Risk Assessment (Planning) - Risk Response (Authorizing and Controlling)
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