Which is NOT an acceptable approach to budgeting in the context of portfolio management?
A. Budgets are devolved to strategic business units for both business as usual (BAU) and change initiatives, with portfolio management applied within each strategic business unit
B. Budgets are devolved to strategic business units for both BAU and change initiatives, with portfolio management applied across the units to co-ordinate cross-organizational change initiatives
C. Budgets are devolved to strategic business units for BAU, but budgets for change initiatives are controlled centrally, with portfolio management applied within each strategic business unit
D. Budgets are devolved to strategic business units for BAU but budgets for change initiatives controlled centrally, with portfolio management applied across the units
What role is responsible for monitoring portfolio progress and resolving issues that may compromise delivery and benefits realization?
A. Portfolio Benefits Manager
B. Portfolio Direction Group
C. Portfolio Progress Group
D. Portfolio Manager
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
Which portfolio definition practice collates information from the portfolio definition cycle and creates a Portfolio Strategy?
A. Prioritize
B. Plan
C. Categorize
D. Balance
Which is a portfolio delivery practice?
A. Balance
B. Energized change culture
C. Management by exception
D. Risk management
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
Which is an example of a performance metric that can be used to assess the impact of portfolio management?
A. Percentage of milestones being achieved during a projects life cycle compared with the planned milestones
B. The successful delivery of linked projects and transformation activities to achieve an intended outcome
C. Percentage increase in the number of customer complaints received during the implementation of a change initiative compared with the forecast level
D. Percentage of initiatives delivered on time and/or budget compared within initial forecasts
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
Which documents are key outputs of the portfolio definition cycle?
A. Portfolio Management Framework and Portfolio Delivery Plan
B. Portfolio Benefits Management Framework and Portfolio Benefits Realization Plan
C. Portfolio Strategy and Portfolio Resource Schedule
D. Portfolio Strategy and Portfolio Delivery Plan
What portfolio document sets the standards for consistent approaches to benefits management across the portfolio?
A. Portfolio Management Framework
B. Portfolio Benefits Realization Plan
C. Portfolio Benefits Management Framework
D. Portfolio Dashboard
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