One of your components within the portfolio has been struggling and has undertaken a lot of issues. A recent measurement has shown that its CPI is 0.4 and SPI is 0.3. What is the best course of action you should take as a portfolio manager
A. Escalate the issue to the Portfolio steering committee
B. Immediately terminate the component
C. Request that the component governance board checks this component and takes a decision on whether to continue or terminate it
D. Notify the sponsor of the component about the issue
Assume you have been asked to prepare the portfolio management plan as you are on the staff of your company's Chief Portfolio Officer. In this plan, you will describe the different methods or approaches that your company will use to manage different types of components in the portfolio as specified in the:
A. Strategic plan
B. Governance model
C. Roadmap
D. Charter
For governments worldwide, you normally have a lot of people reluctant to change and to using new technology tools especially for communication. You are managing a governmental portfolio and planning for a transformational endeavor. You are currently depicting the various communication media and methods to be used, where is this information normally used?
A. Communication Matrix
B. Stakeholder Communication Strategy Matrix
C. Stakeholder Groups
D. Stakeholder Matrix
You are working to optimize your portfolio and determine a priority list of components to pursue. In your product development company, of the triple constraints, quality and scope dominate. This does not imply that schedule and budget are not important, but since the company requires regulatory approval for its products, quality dominates the company. Quality goals that are too low may lead to end-user dissatisfaction; however, goals that are too high may be too costly to the company. Therefore it is important to consider:
A. Market analysis
B. The value proposition
C. Cash-flow requirements
D. Risk analysis and assessment
As you prepare your communications management plan you realize that stakeholder requirements may change over time, and these changes then will need to be reflected in updates to the plan. As the plan defines the overall communication process not only for gathering information but also in determining recipients of it, it also:
A. Sets expectations for the project team members
B. Describes how and when to effectively conduct lessons learned meetings
C. Ensures continued confidence by all stakeholder groups as to their importance
D. Sets expectations for effective stakeholder engagement
Assume your food additive company performed a capacity analysis and found some resources had not maintained their skill sets and basically were not as productive as others in the company. Rather than have a massive reorganization, instead the executives decided to eliminate the jobs of these staff members, many of whom had been in the company for more than 20 years. Morale among the existing staff is low as people fear there will be more layoffs. Plus the government issued a new regulation that requires an additional Food and Drug Administration quality check before a new additive can be submitted for regulatory approval. One member of the executive team wants to acquire another company to enhance market share, and the existing plants in the Asia Pacific region require infrastructure upgrades. Given resource shortages, only one component can be selected to be added to the portfolio. The Board should select:
A. Component A--to enhance employee morale
B. Component B--to add staff to work with the FDA trained in quality management
C. Component C--to acquire the competitor to increase market share
D. Component D--to upgrade the AP's plant infrastructure
As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Stakeholder matrix is one of the prepared documents, what does it include?
A. Stakeholders quadrants showing the level of interest and influence
B. Stakeholders roles, interests, expectations and groups
C. Intended recipients, communication vehicles, frequency and communication areas
D. Representation of all of the communication for the portfolio and their frequency over a period of time
Assume it was your suggestion to the executive team as the newly appointed Chief Financial Officer for your organization to implement portfolio management. While someone has been identified to be the portfolio manager, you are developing the charter and the structure. In doing so, guidance is provided by the:
A. Portfolio strategic plan
B. Organization's strategic plan
C. Portfolio roadmap
D. Plans, policies, and documentation of stakeholder expectations
Following a major organizational restructuring, new portfolios are currently being initiated. You have been assigned the position of portfolio manager on one of the major portfolios and are currently in strategic management. You are currently meeting with stakeholders to document the internal and external financial dependencies and shared resources between different portfolio components. Which of the following techniques are you performing
A. Elicitation technique
B. Interdependency analysis
C. Capability and Capacity analysis
D. Readiness Assessment
Risk Management is integrated in all the other processes and process groups and is an integral recurrent activity throughout the portfolio life cycle. Which of the following is considered the most effective method for analyzing the effect of risks on portfolio strategic objectives, and determining whether they have high or low effect
A. Tornado Diagram
B. Risk vs. Return charts
C. Burn Down/Up charts
D. Monte Carlo Analysis
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