All measurements in a Portfolio are done in correspondence to Key Performance Indicators (KPIs), and defining those KPIs is essential and should be done by highly capable personnel. Which of the following is true regarding who prepares KPIs and which party approves them?
A. Portfolio Management team and Portfolio Manager
B. Portfolio Manager and Steering Committee
C. Governance team and Executives
D. Portfolio Management Team does both
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. For this you start by developing the strategic plan. What output do you expect from this process?
A. Portfolio, Portfolio Strategic Plan
B. Portfolio, Portfolio Strategic Plan, Portfolio Reports
C. Portfolio, Portfolio Strategic Plan, Enterprise Environmental Factors updates
D. Portfolio Process Assets updates, Inventory Of Work, Portfolio, Portfolio Strategic Plan
Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. When it comes to Operations management, which of the following is a risk concern?
A. Issues with Product development
B. Time to market
C. Reporting and data accuracy
D. Time, cost and scope commitments
Values assist in guiding actions, evaluations, and decisions. Assume your organization is considering entering into a consortium to produce a heliumcontrolled car. Once the helium is supplied, additional amounts will not be needed. The car is to be personally appealing with a focus on an inexpensive cost to increase marketability. The consortium will enable each firm to capitalize on the expertise of the other firms in it, but the customer will view it as a separate entity. If your organization enters into the consortium, it must justify the value to the portfolio of doing so. In addition to ensure benefits are realized a focus is needed on:
A. Organizational value
B. Sustainable value
C. Managerial value
D. Employee value
In your telecom company, a number of criteria must be considered as you develop your approach to prioritize components in the portfolio. Your management insists that to be competitive the products must be first to market or the window of opportunity is lost with the result being not only lost revenues but also lost productivity. Another criterion to consider is:
A. External dependencies
B. Goals and objectives
C. Customers
D. Regulatory compliance
Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. Which of the following highlights the difference between portfolio risk and program or project risks?
A. Portfolio risks focus on strategies, whereas program and project risks focus on implementation
B. Portfolio Risks may be actively accepted in anticipation of high rewards, whereas, program and project level risks are not
C. Portfolio risks are the aggregation of subsidiary programs and projects risks
D. Portfolio risks can not be mitigated to other third parties, whereas program and project risks can
Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. When it comes to Managing portfolio risks, a risk owner, along with the portfolio manager, should select the strategy or mix of strategies most likely to be effective. Which of the following may be the responsibility of a risk owner when it comes to managing risks?
A. Select primary and alternative strategies
B. Make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions
C. All of the options
D. Develop contingency plans and identify the conditions which trigger their execution
Resources allocation and optimization for use is key to a successful portfolio. You have assigned human resources, funds and other required assets to a component that you have initiated recently. What should have been done prior to being able to to that?
A. Managed Portfolio Value
B. Communicated the decision to all stakeholders
C. Prioritized the component
D. Authorized the component
During a portfolio review meeting, the steering committee has decided on the inclusion of a new project to re-align the portfolio with its strategic objectives, what do you do before and after the meeting?
A. Update the decision; write the Minutes Of Meeting
B. Change request; communicate the decision to all stakeholders in the portfolio
C. Write the Minutes Of Meeting; update the decision
D. Change request; communicate the decision to related stakeholders listed in the communication management plan
One of your company's junior portfolio managers came to you for advice. He noticed while checking the roadmap that it does not include all the portfolio components. What should be your advice to him?
A. The roadmap does not include all of the portfolio components, it is used as a high-level timeline
B. The roadmap should include all of the portfolio components in order to correctly depict the different timelines and milestones
C. Whether the roadmap includes all or a part of the portfolio components, is the decision of the portfolio manager
D. Whether the roadmap includes all or a part of the portfolio components, is the decision of the portfolio sponsor
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