You have set a series of meetings with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. As a result you have defined and developed the portfolio strategic goals, near- term budgets, and plans, and you now want to start managing ongoing portfolio activities. What is the focus of what you are doing?
A. Authorizing the portfolio
B. All of the options
C. Achieving Results
D. Initiating the portfolio
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Where is this type of results normally found?
A. Resource Pools
B. Portfolio Process Assets
C. Portfolio Reports
D. Portfolio Management plan
Having worked in portfolio management for several years, assume you were hired as the portfolio manager for a Real Estate Investment Trust, one of the largest in your country that specializes in apartments. The company continues to grow and wants to maximize value and profits for its investors. As you set up processes and procedures for portfolio management, you know from past experience that buy in from executives is insufficient. As you prepare a communications strategy, you focus on:
A. Satisfying important information needs of stakeholders
B. Surveying stakeholders through a questionnaire to determine information requirements
C. Using focus groups to assist in determining information needs
D. Focusing first on the executive team's communications requirements and then involving others
Stakeholders have complained to you that they are receiving redundant information and they prefer that you fix the issue promptly as it is time consuming for them. What is your best course of action?
A. Explain to the stakeholders why it is important that they keep receiving this information
B. Re-assess and re-write the Communication Management Plan after analyzing the stakeholders again
C. Escalate the issue to the governance board and ask them to take a decision regarding it
D. Update the communication matrix and remove them from it
The company's management is not happy with the bared risk for the expected Portfolio value return and has reached a subject matter expert to try to re-align the risk level with the management expectations. The expert stated that it is preferable to diversify the portfolio components in order to get more results. In that case, you
A. Disagree with the expert because the company should have came to you before reaching an outside-party
B. Disagree with the expert because diversification will bring more complexity, thus more risks
C. Agree with the expert because he is the expert and you should abide by his recommendations
D. Agree with the expert because diversification in a portfolio may allow for the same portfolio expected return with reduced risk
Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. When it comes to managing portfolio risks, which of the following activities is used
A. Risk Response
B. Risk Assessment and Risk Response
C. Risk Planning
D. Risk Assessment
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the following techniques uses historical data to determine if resource requirements have been consistently underestimated?
A. Lessons Learned Analysis
B. Requirements Analysis
C. Trend Analysis
D. Value Scoring and Measurement
You have been recently assigned to manage a new portfolio that is supposed to shift the company from silo-based to a projectized one. You are in the process of initiating the portfolio. You are currently developing the strategic plan. Upon finishing it, you are expected to present
A. Portfolio Strategic Plan and Portfolio Process Assets updates
B. Portfolio Strategic Plan and Portfolio
C. Portfolio Strategic Plan
D. Portfolio Strategic Plan and Inventory of Work
The portfolio management information system is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage information systems to support a successful portfolio, and includes tools and processes such as:
A. Change or configuration management systems, Communication management processes and tools
B. Software tools, Risk database and analysis tools, Earned value management processes and tools
C. Financial management processes and systems, Communication management processes and tools
D. All of the options
In your web app company, the portfolio is constantly changing. It is not unusual for a new proposal to be submitted each day and for other components to be terminated as a competitor was first to market. The Portfolio Review Board usually meets daily in this fast- paced environment as it:
A. Evaluates the portfolio for specific actions it needs to take
B. Ensures there are no open issues from past meetings that affect different components
C. Provides a high-level view of the portfolio's direction
D. Addresses organizational strategy
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