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NEW QUESTION 58
Following a major organizational restructuring, new portfolios are currently being initiated. You have been assigned the position of portfolio manager on one of the major portfolios and are currently in strategic management. You are currently meeting with stakeholders to document the internal and external financial dependencies and shared resources between different portfolio components. Which of the following techniques are you performing
- A. Capability & Capacity analysis
- B. Readiness Assessment
- C. Elicitation technique
- D. Interdependency analysis
Answer: D
NEW QUESTION 59
While planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes; which of the following tools determines the effect of changing one or more factors?
- A. Trade-Off Analysis
- B. Market Payoff variability
- C. Performance variability
- D. Budget Variability
Answer: A
Explanation:
Explanation
Trade-Off analysis determines the effect of changing one or more factors
NEW QUESTION 60
Due to market technological changes, your company got impacted and was urged to revise its portfolios. You are currently revising your portfolio to determine the required changes in the component mix. Which of the following options is the means to the "to-be" vision?
- A. Portfolio Roadmap
- B. Portfolio Strategic Plan and Portfolio
- C. Portfolio
- D. Portfolio Management Plan
Answer: C
Explanation:
Explanation
Based on the standard for portfolio management, the portfolio is the means to the "to-be" vision
NEW QUESTION 61
As a result of optimization, one of the components was deemed necessary to be terminated. One of the executive managers found about this and called you telling you that you should leave this component as it is of interest to her and she wants to see it finalized and that she will make resources available to it if needed. What should be your best course of action?
- A. Continue working on the component as you have the support of one of the senior managers
- B. Highlight the issue in the governance board meeting and recommend termination based on facts and thorough analysis
- C. Ask the senior manager directly for resources as you know that this component requires additional resources
- D. Ask the steering committee for more resources in order to be able to continue with this component
Answer: B
NEW QUESTION 62
You have just finished a major checkpoint in your portfolio and the portfolio has to undergo several changes in order to re-align with the strategies. One component of your portfolio has been cancelled and the resources are going to be reallocated to other components. Which process does these activities?
- A. Manage Supply & Demand
- B. Optimize Portfolio
- C. Authorize Portfolio
- D. Manage Portfolio Oversight
Answer: C
Explanation:
Explanation
The purpose of the "Authorize Portfolio" process is to activate selected portfolio components by allocating resources to develop component proposals or execute portfolio components; update relevant portfolio reports such as funding updates, resource assignments, and allocations; and document governance decisions. Key activities: 1- Authorizing portfolio component proposal development or portfolio component execution. 2- Allocating resources to authorized portfolio components. 3- Reallocating funding and resources from deactivated and terminated portfolio components to activated portfolio components or the resource pools. 4- Communicating changes and decisions for the authorized portfolio components
NEW QUESTION 63
You are managing a large portfolio and are approaching to a major checkpoint. As a portfolio manager, you are now collecting information and reports from various components for aggregation and presentation. What method/tool can you use to support you in this process?
- A. Elicitation
- B. Communication methods
- C. Manage Portfolio Information
- D. PMIS
Answer: A
NEW QUESTION 64
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. You have just finalized the development of the risk management plan. What do you normally expect to find in a Portfolio Risk Management Plan?
- A. Communication policies/constraints
- B. Organizational risk tolerance
- C. Roles and Responsibilities for risk management
- D. Governance Model
Answer: C
NEW QUESTION 65
One of your goals as a portfolio manager is to ensure that your stakeholders receive the information they need for decision making. To help manage the portfolio information that is provided, you decide to gather information by holding portfolio component review meetings. Your purpose in holding these meetings is to:
- A. Ensure the components can provide the data required for status reports
- B. Use them to introduce the portfolio management information system
- C. Validate data that now are in the reports
- D. Work with component managers to plan dashboard reports
Answer: C
NEW QUESTION 66
In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the components report status and progress to the portfolio. Metrics are used for measuring the performance. They need to be meaningful in order to be able to provide clear and logical targets, and in order to be able to be measured.
Which guideline is used in order to develop meaningful measures?
- A. Specific, Meaningful, Achievable, Reachable, Timed
- B. Strong, Meaningful, Accurate, Reachable, Timed
- C. Specific, Meaningful, Accurate, Reachable, Timed
- D. Specific, Measurable, Attainable, Realistic, Time bound
Answer: D
Explanation:
Explanation
In order to develop meaningful measures, the SMART guideline is used: Specific, Measurable, Attainable, Realistic, Time bound
NEW QUESTION 67
A junior Portfolio manager has come to you for advice. He is hearing a lot about the definition of portfolio management, however, he is not sure anymore of the exact one. What do you, as an experienced portfolio manager tell him?
- A. Generally, you have a single portfolio in an organization, and all other portfolios are sub-portfolios of it
- B. In a portfolio, the Portfolio manager follows the portfolio management processes linearly and does not need to repeat a process once finished
- C. A portfolio is a component collection of programs, projects, or operations managed as a group to achieve strategic objectives
- D. A portfolio has clear start and end dates in order for the organization to be able to know when to achieve its strategic objectives
Answer: C
NEW QUESTION 68
As part of developing the Communication Management Plan, a portfolio manager executes the Communication Requirements Analysis, in addition to Stakeholders Analysis. Which of the following options in your opinion is a result of the Stakeholders Analysis?
- A. Communication Strategy matrix
- B. Elicitation technique
- C. Communication Matrix
- D. All of the options
Answer: B
NEW QUESTION 69
Following a major organizational restructuring, new portfolios are currently being initiated. You have been assigned the position of portfolio manager on one of the major portfolios and are currently in strategic management. You are currently performing cost-benefit analysis. What is part of this analysis?
- A. Quantifies estimated costs and benefits and lists qualitative considerations of alternative portfolio components
- B. Qualifies estimated costs and benefits and lists quantitative considerations of alternative portfolio components
- C. Quantitative considerations of alternative portfolio components
- D. Qualifying estimated costs and benefits
Answer: A
NEW QUESTION 70
You have been managing a complex portfolio for the banking industry and it is sought to be the shifting to the top-notch digital banking era for one of the major international banks. You know you will have changes along the lifecycle and you plan to manage them correctly in order to maintain alignment and correct execution. If you need to reflect changes based on cost, requirements, and schedule. To which of the following section in the portfolio management plan will you refer?
- A. Performance management
- B. Change control and management
- C. Manage strategic change
- D. Resource management
Answer: B
NEW QUESTION 71
Your sponsor has urged you to analyze Portfolio Risk before the end-of-week governance board meeting as the CEO will be present and is interested in Portfolio risk data in particular. Currently, you do not have adequate risk information in order to analyze data and give recommendations. Which tool is the most suitable for you to use in this case?
- A. Delphi
- B. Graphical Analytical methods
- C. Weighted Ranking and Scoring Techniques
- D. Cumulative distribution
Answer: A
NEW QUESTION 72
Assume you recently were hired to be the first portfolio manager at the leading producer of soft drink beverages. While the company is well known for one product, it wants to be the leader in other products and services as well. When you were hired, you told the CEO it would take time to fully implement portfolio management, and you first would prepare a number of artifacts. He set up a Portfolio Review Board, and its members are reviewing your work. As they reviewed the portfolio management plan, one of the members suggested you prepare an in-depth portfolio performance plan. Your first step is to:
- A. Assess the risk profile
- B. Review portfolio goals
- C. Align strategic management to the goals and objectives
- D. Review the prioritization model
Answer: B
NEW QUESTION 73
You are currently in the process of allocating resources to develop component proposals, authorizing components to expend resources and to communicate portfolio decisions. What do you expect as outputs of this process?
- A. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update
- B. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
- C. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update
- D. Portfolio Updates, Portfolio Strategic Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
Answer: A
NEW QUESTION 74
You have been asked to manage a major portfolio in order to salvage the company and and re-align it with the strategic objectives and goals. You decided to develop the strategic documents and are currently developing the charter. As a portfolio manager, which of the following would be your answer when asked of the purpose for the development of portfolio charter?
- A. Authorize portfolio components
- B. Execute portfolio management processes
- C. Start the development of Portfolio Management plan and all of its subsidiary plan
- D. Develop portfolio structure
Answer: B
NEW QUESTION 75
You have been newly appointed as a portfolio manager and found out that your predecessor did not develop a Portfolio Risk Management plan as he thought that it is not necessary in the case where he has a risk register.
One of your first activities was to develop the missing plan. To do this, you needed to consult with stakeholders in order to fetch risk information in order to identify risks and plan risk management. Which of the following inputs to this process will help you in identifying which stakeholders to analyze?
- A. Portfolio Risk Management Plan
- B. Portfolio Communication Management Plan
- C. Portfolio Process Assets
- D. Elicitation technique
Answer: B
Explanation:
Explanation
Stakeholders are identified and their expectations is included in the communication management plan.
Elicitation is not an input to this process nor a toll and technique. The Risk Management plan is not yet developed and the Portfolio Process Assets are not relevant for this scenario
NEW QUESTION 76
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