How does portfolio management support effective corporate governance?
A. Portfolio management assesses whether the programmes and projects within the portfolio are necessary, sufficient, achievable and affordable
B. Portfolio management develops delivery capability across the organization
C. Portfolio management aligns performance and portfolio reporting in terms of timing and content
D. Portfolio management links delivery of the organization's strategic objectives with investment in change in a transparent way that enhances effective accountability
Which are responsibilities of portfolio management in terms of delivering initiatives that contribute to strategic objectives?
1.
Development of delivery capability organization-wide
2.
Management of limited resources
3.
Effective dependency management across the portfolio
4.
Delivery of change initiatives within the portfolio
A. 1, 2, 3
B. 1, 2, 4
C. 1, 3, 4
D. 2, 3, 4
Identify the missing words in the following sentence. Dependencies in a complex portfolio environment [?] but if not managed effectively can represent a serious risk to delivery.
A. are a relatively simple matter
B. are a non-critical part of the project plan
C. are not always immediately obvious
D. do not need to be summarised in a portfolio dashboard report
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
Which of the following refers to the 'one version of the truth' technique?
A. Referring variances beyond control limit from plan to the portfolio governance body
B. Reporting via a documented route and schedule
C. Specifying points at which reviews of initiatives are linked to funding release
D. Deriving forecasts of costs, duration and benefits of an initiative from similar previous projects
In which circumstance would the 'evolutionary' approach to implementation of portfolio management be MOST appropriate?
A. In a stable marketplace and where strategy is emergent
B. In a stable marketplace where strategy is formulated top-down
C. In a less stable marketplace where strategy is formulated top-down
D. In a less stable marketplace where strategy is emergent
Identify the missing word in the following sentence. The Portfolio Management [ ? ] are the key foundations on which effective portfolio management is based.
A. practices
B. principles
C. cycles
D. techniques
Which is a main element in the stakeholder engagement practice?
A. Checking the ranked list of strategic changes for impact across the business
B. Matching demand and supply of constrained resources
C. Applying the champion-challenger' model
D. Ensuring that key stakeholders have a clear and shared understanding of the governance process
Which is a benefit of assessing the impact of portfolio management?
A. More of the 'right' programmes and projects being undertaken
B. It can help demonstrate a compelling case for investment in portfolio management
C. The portfolio governance body comes to a collective decision on the composition of the portfolio
D. More informed decisions concerning the initiation and scheduling of initiatives
Which is a main element in the resource management practice?
A. Understanding the demand for constrained resources
B. Motivating people to commit to the delivery of shared goals
C. Scheduling portfolio initiatives to avoid adversely impacting operational performance
D. Emphasising the need to operate as one team
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