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ecause your company's Portfolio Review Board consists of the Directors of its five business units and is chaired by the CEO, the meetings tend to be contentious as there is limited funding available to authorize all the proposed programs and projects. Dissension also is the norm if resources are reallocated from one business unit to another. As a result, the CEO:

A.

Strives to use consensus to make decisions, but this approach rarely is effective

B.

Decided to use an outside facilitator when meetings are held

C.

Uses multi-voting and makes the final decision

D.

Often uses a Delphi approach

The governance role in oversight is abundant during planning in order to agree on multiple roles and responsibilities including those of a portfolio manager. The agreements are recorded in the meeting minutes and included as updates to

A.

Portfolio

B.

Portfolio Management Plan

C.

Portfolio Reports

D.

Portfolio Process Assets

Organizations pass by a strategic planning cycle on regular basis in order to align existing strategies, remove strategies and add new ones. When it comes to the implementation, which of the following options represents the activities through which the organizational strategies are implemented?

A.

Portfolio Components

B.

Portfolio Strategic Management

C.

Portfolio Components and Ongoing Operations

D.

Ongoing Operations

The Portfolio Charter is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Charter purpose and focus?

A.

Forecasts how and when the portfolio will deliver value to the organization

B.

Corresponds to the means to the “to-be” vision

C.

High-level prioritization mapping of the portfolio

D.

Can be used to influence the portfolio’s success

Since you work for a global aerospace and defense organization, it decided to pilot the implementation of portfolio management in its cargo aviation business unit. You were asked to lead this initiative and realized before you could proceed, you should find out information about all the existing projects, programs, and operational activities. This task took three months to complete, but with this list, you now can use it to set up categories for the work that is under way and to also define criteria to use to propose new components. As a result you should:

A.

Determine how to optimize the existing work

B.

Ensure the criteria and categories are aligned with the portfolio roadmap

C.

Set up a Portfolio Review Board

D.

Prepare a portfolio performance plan

In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following help you with managing the portfolio value?

A.

PMIS, Elicitation techniques, Communication Requirements Analysis, Communications Methods

B.

Elicitation techniques, Capability & Capacity Analysis, PMIS

C.

Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis

D.

Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative

When we talk about portfolios, programs and projects, it is inevitable to mention the business value which is the sum of tangible and intangible assets of an organization, also known as the net quantifiable benefit. When it comes to business value, at which level of the organization is the Business Value achieved?

A.

Program

B.

Project

C.

Portfolio

D.

Operational

You are currently in the process of defining a portfolio by forming the qualified list of components that will be later evaluated, selected and prioritized. What do you expect as outputs from this process?

A.

Portfolio Management Plan updates, Portfolio Roadmap updates, Portfolio updates

B.

Portfolio Management Plan updates, Portfolio Roadmap updates, Portfolio updates, Portfolio Strategic Plan updates

C.

Portfolio Strategic Plan updates, Portfolio Roadmap updates, Portfolio updates

D.

Portfolio Strategic Plan update, Portfolio Management Plan updates

In order to guide the work and correctly manage the portfolio, one of the major documents to be prepared is the Portfolio Management Plan acting as guideline for portfolio management. What are the tools and techniques you could use while developing this plan?

A.

Integration of Subsidiary Plans, Organizational Structure Analysis, Elicitation techniques

B.

Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis, PMIS

C.

Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis

D.

Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization

It is critical in portfolio management to focus on 'doing the right work'. This means stakeholder expectations and effective management of these expectations are essential. The primary conduit between the component managers and the other portfolio stakeholders is the:

A.

Program or project sponsor

B.

Portfolio manager

C.

Chairperson of the Portfolio Review Board

D.

Secretary of the Portfolio Review Board