Which is a 'key to success' of the senior management commitment principle?
A. At least half of the management board must champion the implementation of portfolio management
B. The Portfolio Strategy includes a compelling vision for the portfolio
C. Accountabilities for members of management boards will be defined by the Portfolio Office
D. Senior managers' personal objectives are independent of the success of changes within the portfolio
Which is one of the three broad approaches to implementing portfolio management?
A. Definition
B. Balance
C. One version of the truth
D. Big bang
Which is an example of a performance metric that can be used to assess the impact of portfolio management?
A. Speed at which service is provided to customers from the point of first contact
B. Speed at which initiatives, aimed at improving customer service, progress through the development pipeline
C. Speed at which customer complaints are dealt with from point of receipt through to resolution
D. Speed at which requests for change are assessed and responded to by individual projects and programmes
Which is a 'key to success' of the stakeholder engagement practice?
A. Use of contemporary communications
B. Evidence-based forecasting
C. Clarity about governance structures and roles
D. Involve risk experts
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
Which is a purpose of the categorize practice?
A. To obtain a clear and transparent view of what is in the development pipeline
B. To enable effective decision-making on the optimum use of funding and other resources
C. To ensure that every change initiative falls into a category that directly contributes to strategic objectives
D. To ensure that every category contains at least one change initiative
Which of the following is a main element of the financial management practice?
A. Application of staged release funding linked to stage/phase gates
B. Categorization of benefits as cashable and non-cashable
C. Consideration of financial liabilities arising from performance and guarantee bonds
D. Sub-portfolios are periodically reviewed
Which is a portfolio delivery practice?
A. Categorize
B. Financial management
C. Staged release of funding
D. Governance alignment
How does portfolio management support effective corporate governance?
A. Controls the major changes to business as usual
B. Clarifies responsibility and accountability for making decisions on which programmes and projects will be funded
C. Ensures that the organization's change initiatives represent the optimal allocation of limited resources
D. Provides a means by which the link between strategy and resource allocation can be maintained
Which statement about the prioritize practice is true?
A. A segmented portfolio should use the same criteria to prioritize each segment
B. Mandatory projects should not be included in the normal prioritization process
C. Prioritization of initiatives should be based on an estimate of financial benefits that may be achieved
D. A mandatory requirement should be reviewed to ensure that the planned change is cost effective
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