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NEW QUESTION 46
Which describes a 'key to success' of the resource management practice?
- A. Prioritizing change initiatives on the basis of risk/achievability and return/attractiveness
- B. Releasing funding for change initiatives as they complete each stage gate
- C. The management board agree the high-level objectives for the portfolio
- D. Introduction of standard forms for estimating the programme and project staff required on initiatives
Answer: D
NEW QUESTION 47
Which is NOT a key requirement of a fully effective Portfolio Office?
- A. Reporting into the Business Change or Portfolio Director
- B. Possessing sufficient skill to produce timely and reliable analyses
- C. Having sufficient status to be effective across the organization
- D. Being involved fully with programme and project management delivery
Answer: D
NEW QUESTION 48
Which portfolio definition practice checks prioritized change initiatives against factors such as:
timing; coverage of all strategic objectives; impact across the business etc?
- A. Plan
- B. Prioritize
- C. Balance
- D. Categorize
Answer: A
NEW QUESTION 49
Fill in the missing word(s): _____ management is an approach to manage several related projects, intending to improve the performance of the entire programme.
- A. Portfolio
- B. Business Strategy
- C. Programme
- D. Business as Usual (BAU)
Answer: C
NEW QUESTION 50
Which is NOT an acceptable approach to budgeting in the context of portfolio management?
- A. 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
- B. Budgets are devolved to strategic business units for BAU but budgets for change initiatives controlled centrally, with portfolio management applied across the units
- C. 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
- D. 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
Answer: A
NEW QUESTION 51
Which is an objective of portfolio management?
- A. To ensure a single set of investment criteria are applied to all change initiatives
- 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 the portfolio contains all business change within the organization
Answer: A
NEW QUESTION 52
Which of the following refers to the 'one version of the truth' technique?
- A. Specifying points at which reviews of initiatives are linked to funding release
- B. Referring variances beyond control limit from plan to the portfolio governance body
- C. Deriving forecasts of costs, duration and benefits of an initiative from similar previous projects
- D. Reporting via a documented route and schedule
Answer: D
NEW QUESTION 53
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, 3, 4
- C. 1, 2, 4
- D. 2, 3, 4
Answer: D
NEW QUESTION 54
Which is one of the first seven steps in a staged implementation of portfolio management?
- A. Preparation of an organization-wide Implementation Plan encompassing all 12 practices
- B. Implement a software solution to aid portfolio resource management
- C. Adopt sophisticated approaches to prioritizing initiatives
- D. Create an annual plan including a delivery schedule and report progress against it
Answer: D
NEW QUESTION 55
Which is a portfolio definition practice?
- A. Governance alignment
- B. Resource management
- C. Reference class forecasting
- D. Understand
Answer: A
NEW QUESTION 56
Identify the missing word in the following sentence. The Portfolio Management [ ? ] are the key foundations on which effective portfolio management is based.
- A. cycles
- B. principles
- C. techniques
- D. practices
Answer: B
NEW QUESTION 57
Which is a benefit of assessing the impact of portfolio management?
- A. The portfolio governance body comes to a collective decision on the composition of the portfolio
- B. It can help demonstrate a compelling case for investment in portfolio management
- C. More of the 'right' programmes and projects being undertaken
- D. More informed decisions concerning the initiation and scheduling of initiatives
Answer: B
NEW QUESTION 58
Portfolio management needs to coordinate with which of the following functions to ensure strategic objectives are achieved?
- A. Performance Management
- B. Benefits Management
- C. Business as Usual (BAU)
- D. Risk Management
Answer: A
NEW QUESTION 59
Which is a role of portfolio management in relation to programme and project management?
- A. To provide mechanisms for risk management within programmes and projects
- B. To provide mechanisms for dependency management within projects
- C. To provide mechanisms for delivering individual change initiatives into business as usual
- D. To provide mechanisms for management of limited resources
Answer: C
NEW QUESTION 60
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
Answer: B
NEW QUESTION 61
What affects how the MoP principles and practices are adapted by an organization?
- A. The organization's use of sophisticated approaches
- B. The organization's operational targets
- C. The organization's experience in the use of relevant IT solutions
- D. The organization's decision-making standards and processes
Answer: D
NEW QUESTION 62
What is this the purpose of: To ensure the successful implementation of the planned change initiatives as agreed in the Portfolio Strategy and Delivery Plan?
- A. Strategy alignment principle
- B. Portfolio delivery cycle
- C. Portfolio definition cycle
- D. Understand practice
Answer: B
NEW QUESTION 63
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