A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed abundantly throughout the portfolio lifecycle and spans multiple processes. While performing the capability and capacity analysis during the manage supply and demand process, which of the following you use to maximize the use of resources
A. Continuous monitoring of the progress
B. Allocating scarce resources
C. Equity Protection
D. Soft Booking
The audit department has found out that two of the departments have conflicting standards and have asked you to analyze and compare them in order to be able to take a decision which could impact the portfolio alignment. Which analysis will you use to compare conflicting standards in different departments
A. Capacity Analysis
B. Force Field Analysis
C. Qualitative Analysis
D. Quantitative Analysis
In your architectural organization, each program or project requires some specialized subject matter experts at certain time frames. Because of the interdependencies between components, often these SMEs are needed at the same time. Assume since this is a critical issue in the company, it invested in resource planning and allocating software, and dashboards can be prepared. The goal is to use these dashboard reports to:
A. Determine whether to use external consultants
B. Assess specific costs for additional budget
C. Ensure everyone has access to the software for ease of communication
D. Assist in scheduling adjustments
Establishing a portfolio management process starts with the development of the organizational portfolio management implementation plan. Which of the following helps while developing this plan?
A. A proficient management team commitment to the effort
B. All of the options
C. A planned approach to change organizational behavior that includes a balance of strong leadership and management
D. A planned approach for incrementally developing and implementing portfolio management processes
You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. You have just finalized managing the strategic change and you are expected to present the following documents:
A. Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Portfolio update
B. Portfolio Strategic Plan update, Portfolio Management Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Portfolio update
C. Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Organizational Process Assets update
D. Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Organizational Process Assets update, Portfolio Management Plan update
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 started with developing the plan that will be used as guideline for the component plans to manage risks at their level. What are the outputs of this plan?
A. Portfolio Management Plan updates, Portfolio updates, Portfolio Reports, Enterprise Environmental Factors updates
B. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates
C. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Reports, Enterprise Environmental Factors updates
D. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates, Portfolio updates
As part of the portfolio management plan, you have the "Manage Strategic Change" and the "Change
Control and Management". This is causing issues to one of your team's junior portfolio managers as she
cannot understand the difference.
In your opinion, what is the difference between both?
A. There is no difference; they both refer to the same document
B. "Manage Strategic Change" enables managing changes to strategic direction; and the "Change Control and Management" defines the process for change management activities during portfolio execution
C. "Manage Strategic Change" is the detailed process of "Change Control and Management"
D. "Change Control and Management" manages changes to strategic direction; and the "Manage Strategic Change" defines the process for change management activities during portfolio execution
You are the portfolio management for a big corporate with existence in 3 continents. While planning the performance management and in particular the dashboards and reporting tools, which of the following options is the most important to account for the different geographical locations?
A. Organizational Process Assets
B. Portfolio Process Assets
C. Enterprise Environmental Factors (EEFs)
D. A good sponsor to back you up
A junior Portfolio manager has come to you for advice. He is hearing a lot about the focus of portfolio management practices, however, he is not sure anymore of the exact answer. What do you, as an experienced portfolio manager tell him?
A. Portfolio is undertaken to produce deliverables that support specific organizational objectives
B. Portfolio is undertaken to achieve one or more organizational strategies and objectives
C. Portfolio is undertaken to achieve benefits
D. Portfolio is undertaken to handle operational daily activities
Your State Governor is fiscally conservative and has limited significantly the financial resources to be provided to each University in the eight Universities in the State's system. Recognizing your University is going to have a 55% reduction in its budget, your Chancellor is re-evaluating all the work that is under way to see how much it can do with fewer resources. Every department will have layoffs at all levels. However, the University does have a portfolio management process in place, which people support. This means for effective portfolio management:
A. Each portfolio in the University should have the same restrictions in terms of available funding
B. An effective resource assignment process is required
C. Pareto analysis should be used to focus attention on those components with the greatest impact
D. Portfolio maturity should be a factor in determining plans and decisions
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