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NEW QUESTION # 182
Your company's water treatment center serves three cities. Tests are conducted each day to see if the water is safe to drink. On Thursday, E coli were found in the water, but the water authority did not notify the citizens in the three cities. Instead, the citizens learned on Friday, the water was now safe to drink. The citizens are in an uproar, and your company is to blame. It is obvious one of the problems is the aging infrastructure and limited resources. To best optimize the portfolio, your CEO asked you to:
- A. Reallocate financial and other resources to new components to avoid this problem in the future
- B. Analyze the testing methods in use for effectiveness
- C. First determine why citizens were not aware of the problem
- D. Analyze the physical needs
Answer: D
NEW QUESTION # 183
Portfolio managers tend to use the efficient frontier analysis as a modeling approach that gives decision makers the analytical tool to optimize portfolios given resource constraints such as risk.
In which of the Portfolio management processes the efficient frontier is mostly used
- A. Manage Supply & Demand
- B. Optimize Portfolio
- C. Manage Portfolio value
- D. Manage Portfolio Information
Answer: C
NEW QUESTION # 184
As a portfolio manager, you know that optimizing a portfolio has the focus of maintaining a balanced portfolio. When optimizing a portfolio, what is the state of the portfolio components that will be balanced?
- A. Scored And Ranked
- B. Identified
- C. Prioritized
- D. Selected
Answer: C
NEW QUESTION # 185
Your company has recently merged with another company that has a PMO. What kind of support can the PMO provide to the new organization? (Choose two.)
- A. Providing knowledge management including lessons learned
- B. Coordinating communication across portfolio components
- C. Aligning the portfolio to the organizational strategy and objectives
- D. Reviewing, analyzing, and changing portfolio components to create the optimal portfolio component mix
Answer: A,B
NEW QUESTION # 186
A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The sponsor has asked you to analyze the change and update the needed documents. You managed this change and are currently updating the Portfolio Management Plan. Which of the following are part of this update
- A. Communication and Performance Management
- B. Stakeholder Engagement
- C. All of the options
- D. Portfolio Organizational Structure
Answer: C
Explanation:
Explanation
This is related to an output of the "Manage Strategic Change" process, Portfolio management plan updates may be needed due to changes in management approach, priorities, organizational structure, and other aspects of the portfolio management plan which may result from the strategic change. Updates to the stakeholder engagement, communication management, performance, and risk sections may be required also as a result of the stakeholder, gap, and readiness assessments
NEW QUESTION # 187
Working to prepare the communications plan, a best practice to follow is to use the roadmap. By doing so, it:
- A. Emphasizes milestones and the timing of key benefits
- B. Shows applicable constraints
- C. Shows the overall portfolio timeline, useful for determining the frequency of reporting
- D. Provides information about interdependencies that may affect objectives
Answer: D
NEW QUESTION # 188
You have set a series of meetings with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. As a result you have defined and developed the portfolio strategic goals, near-term budgets, and plans, and you now want to start managing ongoing portfolio activities. What is the focus of what you are doing?
- A. All of the options
- B. Achieving Results
- C. Initiating the portfolio
- D. Authorizing the portfolio
Answer: B
NEW QUESTION # 189
Because of budget cutbacks, a portfolio manager has been forced to make extensive changes to the portfolio schedule and components. As part of this restructuring, the portfolio manager should first:
- A. change the governance board members to reflect the new portfolio focus.
- B. identify the new stakeholder mix and revise the portfolio communication plan.
- C. request a portfolio management information system (PMIS) to help handle the changes.
- D. request direction from the governance board on how to modify the portfolio management office (PMO).
Answer: D
NEW QUESTION # 190
You have joined a company as a portfolio manager. The functional manager of your department is using an excel file to manage portfolio components. The excel file includes some necessary information about portfolio components such as Component Name, Start Day, Target Day, and Assignee. You use the excel file as a start point to develop a portfolio. Technically, how do you call that excel file?
- A. Portfolio process assets
- B. Portfolio
- C. Inventory of work
- D. Portfolio information management system
Answer: C
NEW QUESTION # 191
As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Stakeholder matrix is one of the prepared documents, what does it include?
- A. Intended recipients, communication vehicles, frequency and communication areas
- B. Stakeholders quadrants showing the level of interest and influence
- C. Representation of all of the communication for the portfolio and their frequency over a period of time
- D. Stakeholders roles, interests, expectations and groups
Answer: D
Explanation:
Explanation
The Stakeholder matrix contains stakeholders roles, interests, expectations and groups
NEW QUESTION # 192
Programs and projects in your company, one of the largest banks in the world, are required to submit metrics as to their individual progress each month. To simplify the collection and reporting process, you held interviews with members of the Portfolio Review Board to see their areas of greatest interest and also with program and project managers to determine how difficult it would be to collect the data. You then selected 10 possible metrics to the Board, with a goal that five would be regularly reported. It is important to note that:
- A. If components have interdependencies with other components, their metrics should be reported as a group
- B. Customer satisfaction is the most important goal
- C. Quantitative metrics are preferable
- D. The value is realized when components are used
Answer: D
NEW QUESTION # 193
The Portfolio Management Office plays an integral role in Portfolio Management and offers support to the portfolio manager throughout the portfolio life cycle. What is the role of the PMO with respect to the portfolio performance metrics?
- A. PMO does not have a role in the development or update of performance metrics; it should only offer support to Portfolio Manager with the needed templates to develop metrics
- B. PMO should be prepared to develop new metrics when appropriate and delete or change metrics that are no longer relevant
- C. The Portfolio Manager develops and updates the portfolio metrics and the PMO approves them
- D. PMO should work hand in hand with the governance board to approve the performance metrics
Answer: B
NEW QUESTION # 194
In managing strategic change, the portfolio manager performs stakeholder analysis in order to consider the changing requirements. Which of the following options is referenced in this case to provide guidance on the communication required to ensure successful change?
- A. Portfolio Roadmap
- B. Portfolio Strategic Plan
- C. Portfolio Charter
- D. Portfolio Management Plan
Answer: D
Explanation:
Explanation
What is needed in this scenario is the communication management plan which offers guidelines and approaches on the needed communications for all aspects (Change, risk, etc.), which is a subsidiary plan of the portfolio management plan
NEW QUESTION # 195
Portfolio balancing can be done in several different dimensions based on organizational preferences. When your software development company, which is CMMI Level 5 certified, began to focus on portfolio management four years ago, you started with a simplified ranking approach and now moved into using an automated, sophisticated weighted scoring software tool throughout the organization. In terms of portfolio balancing, it is appropriate to:
- A. Balance the portfolio in terms of expected value of benefits
- B. Balance the portfolio by business unit
- C. Balance the portfolio according to categories
- D. Balance the portfolio across the organization
Answer: D
NEW QUESTION # 196
You are managing a portfolio in a functional organization and resources are shared between operations and projects. You are continuously performing capability and capacity analysis in order to optimize the portfolio.
Which of the following capability and capacity analysis is used to just limit the number of components the organization can execute?
- A. Knowledge Basis
- B. Assets
- C. Human Resources
- D. Financial
Answer: C
NEW QUESTION # 197
The portfolio undergoes a lot of changes through the portfolio life cycle, and the state of the portfolio changes on the go. Some components are terminated, other are added and initiated. When it comes to the authorize portfolio process, which of the following represents the state of the portfolio
- A. List of selected, balanced and authorized components ready to be initiated
- B. List of strategically aligned portfolio components without the need for them to be balanced
- C. List of current components that need to be weighted, scored and ranked
- D. List of selected and balanced components
Answer: D
Explanation:
Explanation
The list of selected and balanced portfolio components coming from the optimize portfolio process is depicted in this scenario and can be used as input to the authorize portfolio process.
NEW QUESTION # 198
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