Portfolio Prioritization Model is included in the Portfolio management plan and Portfolio Strategic Plan. How does it serve the Portfolio as part of the Portfolio Strategic Plan?
A. All of the options
B. Ensures benefits are comprehensively and holistically taken into consideration
C. Guides the ongoing decisions as to which portfolio components should be added, terminated, or changed
D. Used as a decision framework to structure the portfolio components
Different types of risks affect the portfolio, and they may be positive or negative. As the portfolio manager, one has to maximize the opportunities and minimize the threats. An example of a negative portfolio risk is:
A. External participants who are highly specialized
B. Integrated systems
C. A large number of concurrent programs and projects
D. Full-cost estimates for programs and projects
Assume you recently took a seminar on portfolio management, and after you returned, you made the business case for it to the President of your consulting firm, recognizing the need to improve the capture ratio of responses to Requests for Proposals. You have been asked to implement portfolio management and recognize that you need to develop orientation and training sessions on it so everyone in the firm realizes why it is essential to pursue. To do so, the best approach is to:
A. Have the training vendor from the seminar you attended submit a proposal to develop several training approaches
B. Develop the courses yourself working with the vendor's materials plus other books and standards on portfolio management
C. Work with the human resources department and have an instructional design person develop the courses
D. Ask the PMO to develop and deliver the courses
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the communication closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust Communication management plan. What is the result of developing this plan?
A. Portfolio Process Assets updates, Portfolio Charter updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates
B. Portfolio Process Assets updates, Portfolio Charter updates, Portfolio Reports updates, Portfolio Management Plan updates, Portfolio Component Reports updates
C. Portfolio Process Assets updates, Portfolio Management Plan updates
D. Portfolio Process Assets updates, Portfolio Roadmap updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates
Your company's water treatment center serves three cities. Tests are conducted each day to see if the water is safe to drink. On Thursday, E coli were found in the water, but the water authority did not notify the citizens in the three cities. Instead, the citizens learned on Friday, the water was now safe to drink. The citizens are in an uproar, and your company is to blame. It is obvious one of the problems is the aging infrastructure and limited resources. To best optimize the portfolio, your CEO asked you to:
A. Reallocate financial and other resources to new components to avoid this problem in the future
B. First determine why citizens were not aware of the problem
C. Analyze the testing methods in use for effectiveness
D. Analyze the physical needs
The governance board has an integral part in the realization of the portfolio strategic value. In your opinion as a portfolio manager, Governance board decisions are based on
A. Information given by the portfolio manager
B. Portfolio Strategic Alignment
C. Portfolio Process Assets
D. Portfolio reports
As a result of optimization, one of the components was deemed necessary to be terminated. One of the executive managers found about this and called you telling you that you should leave this component as it is of interest to her and she wants to see it finalized and that she will make resources available to it if needed. What should be your best course of action?
A. Ask the steering committee for more resources in order to be able to continue with this component
B. Ask the senior manager directly for resources as you know that this component requires additional resources
C. Highlight the issue in the governance board meeting and recommend termination based on facts and thorough analysis
D. Continue working on the component as you have the support of one of the senior managers
As a portfolio manager, you map the business value areas to each component in your portfolio in order to maintain alignment with the organizational strategy. What is the mechanism that will be used for tracking areas of measurement for assessing how the mix of portfolio components is performing?
A. Benefits Realization
B. Performance Metrics
C. Manage Portfolio Value
D. Portfolio Roadmap
Assuming a portfolio manager position means one has more stakeholders than in program, project, or operational roles. The goal is to identify all interested stakeholders but often overlooked are:
A. Consumer groups
B. Alliances
C. Associations
D. External resource providers
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. For this you maintain a risk register. The risk register is used throughout the portfolio life cycle in order to track and manage risks. It is continually updated throughout the portfolio life cycle. As a portfolio manager, you know that the risk register includes all of the following except
A. Probability Impact Assessment
B. List of potential responses
C. Updated risk categories
D. Person who Identified the risk
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