Your organization tried implementing portfolio management in the past, but even though it purchased a sophisticated automated software system for scoring and prioritization, it was not successful. After a year of complaints about the system, the executive team disbanded it. Now, resources are scarce, and some executives who were involved in the earlier attempt have left the company. The new CEO asked for a list of ongoing programs, projects, and operational work, and you could not provide one even though you direct the Project Management Office. He wants this inventory so it then can be used as the starting point to implement portfolio management. You and several others stated it did not work previously and do not believe it will work in the company. The CEO then hired a person to be the portfolio manager from outside who reports directly to him. The portfolio manager is emphasizing the importance of resources working on initiatives aligned with organizational strategy as part of the:
A. Portfolio performance plan
B. Portfolio roadmap
C. Portfolio communications strategy
D. Portfolio charter
The sponsor came to you asking for a high level timeline to depict the approach that you will take to execute this portfolio. What tools and techniques is useful in your case?
A. Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory
B. Gap Analysis, Readiness Assessment, Stakeholder Analysis
C. Scenario Analysis, Capability and Capacity Analysis
D. Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis
Although it has taken significant time, you and your team inventoried all the work under way in your new product development company. This list of components should be:
A. Included in the portfolio roadmap
B. Part of the portfolio management plan
C. Prioritized for effective resource allocation
D. Maintained by the portfolio manager and continually updated
Many people in your country are no longer eating food from cans because of the risk of botulism and eColi O1H747. Your low acid canned foods company is seeing its revenues decrease as a result, and it is updating its overall strategy for the company to diversify into other markets as well as to add an aggressive marketing campaign to ensure the public that its low acid canned foods are generally recognized as safe by the Food and Drug Administration. This means in terms of portfolio management:
A. Each proposed component must demonstrate business value before it is undertaken
B. The ROI for existing components should be reviewed to determine if they should continue
C. The existing inventory of work should be validated against the updated strategy
D. The benefits to be realized by existing components require standard KPIs tied to critical success factors
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. While planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes. Which of the following tools determine the effect of changing the portfolio?
A. Budget Variability
B. Market Payoff variability
C. Performance variability
D. Trade-Off Analysis
Working to prepare the portfolio performance management plan, assume you have been involving others in the process to help secure their later support of the plan. You also reviewed historical information and other artifacts. Not to be overlooked is a/an:
A. Benefit schedule
B. Organization chart
C. Regulatory requirements
D. Governance model
Your company has multiple portfolios on the way and a variety of different clients and industries. Risk levels are high due to recent governmental regulations and the company has recently been penalized due to a non-compliance to one of the standards. You know that you need to closely managing this. As a result, you will be come out with
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, Portfolio 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 Reports
There was a change in your portfolio to speed up things resulting in the addition of new components. In order to update the new vision, dependencies and timeline for the components, you should update which of the following?
A. Portfolio Roadmap
B. Portfolio Charter
C. Portfolio Strategic Plan
D. Portfolio Management Plan
Your IT company has been successful as it is able to deliver projects on time without the need for rework and within the allocated budget. Your customers have been astonished with the results and are using your company for additional work, plus they have been recommending your company to others. Your company is experiencing tremendous growth and wants to ensure it can take on the new work with existing resources, both people and systems, or whether it will need to use outsourcing. Given its outstanding reputation, your executives wish to avoid the need to outsource. You have been asked to perform a capacity analysis. A best practice is to:
A. Prepare a model of the current configuration and modify it to determine future capacity requirements
B. Determine and document existing assumptions
C. Inventory staff members to assess their level of competencies and existing workload
D. Use resource leveling in an enterprise project management information system
You are mid-way through your portfolio and you are approaching a major milestone where multiple components will be authorized for execution and implementation. For informed decision making, as a portfolio manager, you will be communicating reports that will be viewed and analyzed, and used as critical information for taking a decision for the authorization of components. After passing through the authorization process, multiple reports are generated and others are updated. What type of reports is generated from this process?
A. Performance
B. Resources
C. Value
D. Resources, Assets and governance decisions
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