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EX0-005 Management of Portfolio Foundation

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EXIN · EX0-005

Free EX0-005 Exam Dumps Preview

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Question 1

Single choice

Which is a main element of the risk management practice?

A
Adoption of the champion-challenger' model
B
Introduction of a summary investment appraisal template
C
Preparation of a Portfolio Management Framework
D
Implementation of an effective escalation path to the relevant portfolio governance body

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Correct answerD

Question 2

Single choice

Which describes the relationship between business as usual and portfolio management?

A
Change the business, run the portfolio
B
Run the business, change the business
C
Change the business, change the portfolio
D
Run the business, run the portfolio

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Correct answerB

Question 3

Single choice

Which is NOT one of the three broad approaches to implementing portfolio management?

A
Evolution
B
Big bang
C
Ad hoc
D
One version of the truth

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Correct answerB

Question 4

Single choice

Which is the purpose of the understand practice?

A
To obtain a clear understanding of what is in the current portfolio and development pipeline, including forecast costs, benefits and risks
B
To answer the question as to which initiatives the organization should invest in
C
To ensure a portfolio is balanced, taking into account coverage of all strategic objectives and impact across the business
D
To monitor progress against the Portfolio Delivery Plan

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Correct answerA

Question 5

Single choice

Which is an objective of portfolio management?

A
To ensure the portfolio contains all business change within the organization
B
To actively manage the deployment of project and programme staff
C
To ensure the collection of change initiatives is sufficient to achieve the required strategic contribution
D
To ensure a single set of investment criteria are applied to all change initiatives

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Correct answerD

Question 6

Single choice

Which of the following is NOT a main element of the benefits management practice?

A
Clear arrangements for benefits tracking
B
A portfolio-level Benefits Realization Plan
C
Inclusion of re-appraisal of benefits in portfolio-level reviews
D
Demonstrable senior management commitment

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Correct answerC

Question 7

Single choice

What is the definition of portfolio management?

A
Carrying out the co-ordinated organization, direction and implementation of a dossier of projects and transformation activities to achieve outcomes and realize benefits of strategic importance to the business
B
A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual
C
Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned
D
An approach, or line to take, designed to achieve a long-term aim

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Correct answerB

Question 8

Single choice

Which illustrates a 'key to success' for the balance practice?

A
Use algorithms and investment rules to guide decision making
B
Use financial investment criteria, such as NPV
C
Clearly defining the scope of the portfolio and what constitutes a project
D
Use categorization to assess alignment to strategic objectives

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Correct answerA

Question 9

Single choice

Which of the following is a main element of the management control practice?

A
Collaborative working between the Portfolio Office and the organizations communications experts
B
A consistent approach to benefits categorization
C
Guidance and templates for business case preparation
D
Tailored investment criteria

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Correct answerD

Question 10

Single choice

What does portfolio management provide strategic planning with?

A
Analysis of the environment within which strategy is developed
B
Momentum and energy for strategy development based on effective delivery of change
C
Setting of strategic objectives and confirmation of any changes
D
Setting the context within which strategic planning operates

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Correct answerB

Question 11

Single choice

Which statements about the Portfolio Office (headed by the Portfolio Manager) are true?

1. It helps to ensure that a consistent approach is applied across the portfolio
2. It prepares the Portfolio Strategy and Delivery Plan
3. It is a temporary structure set up to assist with the delivery of change
4. It provides assurance to senior management on effective delivery of change

A
1, 2, 3
B
1, 2, 4
C
1, 3, 4
D
2, 3, 4

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Correct answerB

Question 12

Single choice

Which statement about the prioritize practice is true?

A
Investment criteria used should be the same for each segment of the portfolio
B
The Portfolio Office should approve the prioritized list of changes before presentation to management boards
C
Mandatory changes (e.g. legal requirements) do not need to be included in the prioritization exercise
D
Stakeholders should be able to see evidence that all changes have been assessed fairly and consistently

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Correct answerD

Question 13

Single choice

What has as its purpose: To ensure the successful implementation of the planned change initiatives as agreed in the Portfolio Strategy and Delivery Plan?

A
Portfolio definition cycle
B
Portfolio management
C
Resource management
D
Portfolio delivery cycle

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Correct answerD

Question 14

Single choice

Identify the missing word in the definition of portfolio management. A coordinated collection of [ ? ] processes and decisions that together enable the most effective balance of organizational change and business as usual.

A
business
B
strategic
C
programme
D
delivery

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Correct answerB

Question 15

Single choice

How does portfolio management enable the most effective balance of organizational change and business as usual?

1. ensure change initiatives are agreed at the appropriate management level
2. prioritize change initiatives in line with strategic objectives
3. review change initiatives regularly in terms of progress, cost, risk, benefits and strategic contribution
4. cancel change initiatives if other initiatives appear with a better predicted return

A
1, 2, 3
B
1, 2, 4
C
1, 3, 4
D
2, 3, 4

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Correct answerD

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Management of Portfolio Foundation

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