Assume your company recently diversified, and in addition to producing its recognized brand of ice cream products, it now also is producing cereal and nutritional products. Assume you have been using the Efficient Frontier to manage portfolio value. With diversification to these new products:
A. Each product line should have its own portfolio to use the Efficient Frontier approach effectively
B. The best possible portfolios are shown above the portfolio curve
C. The same expected return from the portfolio may be possible
D. The new potential portfolio outcomes concerning success criteria can be determined
You have been assigned as a consultant to give your expertise on a failing portfolio which is critical to the success of your client's organization. You are now in the process of reviewing the portfolio management plan. What do you expect to see as part of this plan?
A. Portfolio Justification, high-level scope and high-level timelines
B. Vision for the portfolio, which is based on the alignment with the organization's goals and objectives
C. Balancing portfolio and managing dependencies
D. The major components of the portfolio which are aligned chronologically to achieve portfolio value
You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The portfolio roadmap is used abundantly as an input to 7 processes. When it comes to managing portfolio value, how is the portfolio roadmap used?
A. Delays in delivery of portfolio component results may adversely affect the value derived from the portfolio
B. It is not used in managing the portfolio value
C. Dependencies shown at the roadmap level have negative impacts on the value realized
D. Dependencies shown at the roadmap level have positive impacts on the value realized
Your organization is considered a leader in knowledge management and has a Chief Knowledge Officer reporting to the CEO. It also implemented portfolio management eight years ago. As the organization focuses on continuous improvement and transformational leadership, it had an external consultant review its portfolio artifacts and do some benchmarking. One of the consultant's recommendations was to update the portfolio risk management plan since the company is embracing new and complex technology in much of its work. In updating this plan, it was useful to:
A. Review lessons learned
B. Determine relevant confidence limits of risk metrics
C. Prioritize how risks are identified and listed in the risk register
D. Determine the time in which risks are likely to have the greatest impact
During one of the review meetings, the governance board asked to know the progress with relation to benefits of one of the major programs in your portfolio; in this case you will advise the program manager to present
A. Program Benefits Report
B. Program Business Case
C. The status of his program to you and you will aggregate the information with information from other components and present it to the Governance board
D. Program Management Plan
Following a recent portfolio health check, you noticed that your portfolio is not aligned with the strategic plan and actions should be taken to stop losing money. What should be your next course of action?
A. Escalate to the executive management
B. Update the Strategic Plan
C. Escalate to Governance Board
D. Escalate to sponsor directly
The Portfolio Management Office (PMO) provides support to the portfolio manager throughout the portfolio life cycle. Which of the below is not something that the PMO supports the portfolio manager with?
A. Define Portfolio Management best practices
B. Formulating component management standards
C. Define Portfolio Management standards
D. Formulate organizational standards
Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently determining if, when, what, and how of implementing the change in order to re-align the portfolio. What are you currently doing?
A. Gap Analysis
B. Readiness Assessment
C. Change Analysis
D. Stakeholder Analysis
Along the course of the portfolio, you will be recommending the initiation, termination and update of components. The governance bodies will be approving or rejecting your recommendations as part of their role in the authorization of the portfolio. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Authorize Portfolio Process?
A. Make Governance Decisions
B. Allocating resources to develop component proposals or execute portfolio components
C. Create an up-to-date list of qualified portfolio component
D. Balance the portfolio for performance and value delivery
You are the manager of a major portfolio with a variety of stakeholders and stakeholder groups. you know that managing communication is key to success and you stress on maintaining a high communication level. You have just finalized the development of the Portfolio Communication Management Plan. Which of the following is correct regarding its purpose and focus?
A. Articulates the options, preferences, and factors that will be considered in a specific portfolio
B. Identifies recipients for information associated with the portfolio management process
C. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components
D. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio
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