Your company has a stated policy that all stakeholders are to be treated in an ethical manner. It is one of the largest project management training firms in the world and is a Registered Educational Provider with the Project Management Institute as well as with other associations. It is active in portfolio management to ensure it is offering the most beneficial products and services, both leading edge and traditional, to its customers. Its policy toward its stakeholders is:
A. Documented in the stakeholder expectations plan
B. Considered as a legitimate right
C. Part of the portfolio communications strategy
D. A portfolio governance process
As part of the Portfolio Communication, the Portfolio Manager analyzes the raw data assimilated from the portfolio process assets and from the stakeholder analysis. This analysis aims to isolate the data that hold value to the receiving audience. Which tool can the portfolio manager use to help him in performing this analysis?
A. Communication Methods
B. Elicitation
C. Stakeholder Analysis
D. Communication Requirements Analysis
The Portfolio Management Office plays an integral role in Portfolio Management and offers support to the portfolio manager throughout the portfolio life cycle. What is the role of the PMO with respect to the portfolio performance metrics?
A. PMO does not have a role in the development or update of performance metrics; it should only offer support to Portfolio Manager with the needed templates to develop metrics
B. The Portfolio Manager develops and updates the portfolio metrics and the PMO approves them
C. PMO should work hand in hand with the governance board to approve the performance metrics
D. PMO should be prepared to develop new metrics when appropriate and delete or change metrics that are no longer relevant
Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently in the process of monitoring the portfolio to ensure alignment with organizational strategy and objectives and make governance decisions. What do you expect as an outcome to this?
A. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update
B. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update
C. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
D. Portfolio Updates, Portfolio Strategic Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
Assume you are responsible for portfolio management in your organization. You are responsible for managing the value of the portfolio and for recommending changes to your Portfolio Review Board to enhance its value. To do so, you monitor benefits, interdependencies between components, changes, and responsibilities and accountabilities as stated in the:
A. Portfolio charter
B. Portfolio management plan
C. Portfolio performance plan
D. Portfolio strategic plan
Assume your consulting company tried portfolio management in the past, but it was not embraced. Instead, people received bonuses if they were able to acquire new work regardless if it fit the company's strategic plan. However, the company was sold, and the new executive team asked you to be the portfolio manager. You explained it did not work in the past, but the new team has pointed A out while a lot of work was won competitively, much of it was for small dollar amounts, and resources are misallocated. The new approach is to focus on business value, which has as its goal to:
A. As chieve the greatest return on investment to the organization
B. aximize productivity and increase overall customer satisfaction
C. Deliver the maximum value aligned with strategic objectives
D. Focus on those opportunities that have the greatest likelihood of successful completion
In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following help you with managing the portfolio value?
A. PMIS, Elicitation techniques, Communication Requirements Analysis, Communications Methods
B. Elicitation techniques, Capability and Capacity Analysis, PMIS
C. Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
D. Scenario Analysis, Capability and Capacity Analysis, Quantitative and Qualitative
Portfolio Governance Model is developed as part of the Portfolio management plan and defines the way the organizational assets and resources are planned to be managed within the portfolio according to the specific environment of the organization. Which of the following is correct regarding the Governance Model purpose and content?
A. Establishes and tailors the decision-making rights and authorities
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. All of the options
When managed correctly, the balanced scorecards can change the way an organization does business. Balanced scorecards keep focus on results. As a portfolio manager, you know that the purpose of using the balanced scorecards is
A. All of the options
B. Translate a high level strategic plan into an operational action plan
C. Measure performance against goals
D. Bring a feedback loop to strategic planning
You are in the process of planning the portfolio for a major client and wanted to put an extra effort on planning for managing the performance as the portfolio has a lot of technical aspects and correct performance management is key to success. What tools and techniques can you use for this purpose?
A. Elicitation techniques, Value Scoring and Measurement Analysis, Benefits Realization Analysis
B. Elicitation techniques, Capability and Capacity Analysis, PMIS
C. Scenario Analysis, Capability and Capacity Analysis, Quantitative and Qualitative
D. Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
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