Multiple changes have been recommended and approved in your portfolio and the need for continuous optimization seems to never end. This is normal in a portfolio and optimizing the components mix and the use of resources is key to success. As a portfolio manager you will be re-visiting the Optimize Portfolio process countless times. Which of the following are considered outputs to this process?
A. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Portfolio Process Assets update
B. Roadmap update, Portfolio Strategic Plan update, Portfolio update, Portfolio Reports, Portfolio Process Assets update
C. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Portfolio Organizational Process Assets update
D. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Enterprise Environmental Factors update
Your organization conducted an OPM3 assessment focusing on its best practices in portfolio management
and also on those that were needed. The OPM3 Certified Professional felt greater attention was needed
managing strategic change.
This means:
A. The project charter should be reviewed
B. The strategic plan should be updated
C. Budget allocation can be handled more effectively D. It is easier to determine which components will require specialized resources
Your company acquired another company. The sponsor asked you to check the other company's current inventory of work and see what could be added to your current portfolio. You have a meeting coming up to show the sponsor the portfolio dependencies. Which document should you be showing him?
A. Portfolio Roadmap
B. Portfolio Charter
C. Portfolio Management Plan
D. Portfolio Strategic Plans of both, your portfolio and the ones of the other company
Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. Which of the following are common risk concerns across the organization?
A. Reporting and data accuracy
B. Organizational Integrity
C. Time, cost and scope commitments
D. Issues with Product development
Portfolios tend to have over or under allocations if the portfolio management is of low maturity. Which tool will help you analyze the resources over and under allocations?
A. Communication Management Plan
B. Resource Histograms
C. Performance Management Plan
D. Resource Pool
In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the components report status and progress to the portfolio. What is the relation between the portfolio and portfolio components when it comes to defining the performance measures and targets (metrics)?
A. Portfolio metrics are not related to component metrics, each is used at its own level
B. Metrics are defined at portfolio level and given as guidelines to components in order to define their own metrics
C. Portfolio metrics used at the portfolio level are the same used at components level
D. Metrics are defined at components level and rolled up to the portfolio level
Portfolios have a lot of components in them and are executed along an extended lifecycle. For this, as a portfolio manager, you continuously monitor and control the progress and status. What input can you use to help you with this?
A. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
B. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
C. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Organizational Process Assets
D. Roadmap, Portfolio Strategic Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
Information and direction about the organization's vision, mission, prioritization, and resources should be obtained before the portfolio's strategic plan is developed by reviewing:
A. Knowledge repositories
B. Portfolio roadmap
C. Organizational process assets
D. Governance model
While managing portfolio communications, the portfolio manager needs to account for the communication needs of the component teams in order for them to stay in the loop of the big picture. Which of the following can be of interest to this group of stakeholders?
A. To know about the portfolio changes, risks and issues that may affect their components
B. To be informed regularly of the portfolio progress so they can adjust their work accordingly
C. To be informed of all portfolio changes so they can assess which changes affect their components
D. To know about the portfolio changes, risks and issues that may affect their components, and to do interdependency management in order to cover any dependent component's issues
A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The sponsor has asked you to analyze the change and update the needed documents. You managed this change and are currently updating the Portfolio Management Plan. Which of the following are part of this update
A. Portfolio Organizational Structure
B. Communication and Performance Management
C. Stakeholder Engagement
D. All of the options
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