Due to strategic changes, one of the sub-portfolios in your portfolio has been decided to be canceled because it no longer meets the new market demands. What is your next step as a portfolio manager?
A. Start terminating the component and return back the remaining resources to the resource pool
B. Analyze the impact of this cancellation on the overall portfolio and recommend a decision to the governance board
C. Meet the sub-portfolio's team in order to assess the impact
D. Consider it as a normal change, submit a change request for cancellation and wait for the governance board approval
Assume you are managing the corporate portfolio for your company noted for many products primarily focused on farm equipment. Recently it has diversified into other markets especially with the economic downturn in the country. While many of the traditional products are in the portfolio as new features are added to enhance customer satisfaction, one of the new product lines is a high-profile program that is ranked number five in the corporate portfolio. As the portfolio manager, you know this program has several interdependencies with other projects and programs, and recently this high-ranked program has experienced difficulties as needed technology is not available externally, and internal staff lacks the needed competencies to develop it. Its termination will be discussed at Friday's Portfolio Board meeting. You plan to discuss these interdependencies as part of your responsibilities in:
A. Resource allocation
B. Portfolio balancing
C. Financial management
D. Risk management
Your health insurance company has set up its portfolio into five different categories:
research and development, IT, Medicare, government health insurance, and non- government health
insurance. Funding is allocated yearly to each of these six categories. As the portfolio manager at the
enterprise level, you:
A. Ensure such allocations are reflected in the portfolio's strategic plan
B. Meet with the CFO and determine these allocations when the budget for the fiscal year is being prepared
C. Meet with the managers of the five portfolios once the budget allocations are known
D. Use your existing inventory of components in the portfolio and in the pipeline to determine funding allocations
The portfolio manager defines the portfolio based on a listing of already existing work in the organization and selects the right components in order to be able to prioritize them. What do you use for defining the portfolio based on the listing of work?
A. Prioritization
B. Inventory of Work
C. Portfolio Component Inventory
D. Elicitation technique
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 aggregating value delivered by the portfolio components. What can you use to help you in this context?
A. Roadmap, Portfolio Management Plan, Portfolio Reports
B. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets, Portfolio Strategic Plan
C. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets
D. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets, Portfolio Component Reports
Which of the following depicts the use of the burn-down and burn-up charts?
A. All of the Options
B. They show the planned vs accrued Earned Value
C. They show the execution of the portfolio against the overall budget and time
D. They show the burned cost and time against planned ones
Various people are responsible for communications to different stakeholder groups, both internal and external to the organization. These delegations of authority are:
A. Organizational process assets
B. Contained in the portfolio performance plan
C. A section in the portfolio communication management plan
D. Portfolio process assets
Your team members were having a discussion about the contents of the Portfolio Charter and they came to you for advice because they could not agree on a common answer. What would be your advice to them?
A. Portfolio structure, scenario analysis, capability and capacity analysis
B. High-level scope and high-level timelines, critical success criteria and justification
C. Scope and timelines, all success criteria and justification
D. Scenario analysis, capability and capacity analysis
Assume you are the portfolio manager for a leading drug store in your country that offers numerous products. In the past four years, nearly every store has had to enlarge its pharmacy unit and hire additional staff members with the aging population. Observing this change, two years ago, stores set up clinics to provide customers with immediate care. As you see the growth in the stores in the health arena, you are looking at trends and realize:
A. Alcohol, tobacco, and sugar soft drink products should no longer be offered
B. Each store requires a balance between its health care services and products that may have adverse health effects
C. Customers wonder if they should trust the health care services offered given the other available products
D. For the health care clinics to be viewed with integrity, a medical doctor must be available at each store
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. One of your team members came to you asking about the order of the steps used to perform risk management activities. What should be your answer to him?
A. Risk Identification, Risk Assessment, Response Planning, Risk Response
B. Risk Planning, Risk Assessment, Risk Response
C. Response Planning, Risk Identification, Risk Assessment, Risk Response
D. Risk Identification, Response Planning, Risk Assessment, Risk Response
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