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As part of the strategic alignment, you Identify prioritization criteria (e.g., legislative, dependencies, ROI, stakeholder expectations, strategic fit) using information gathering and analysis techniques in order to

A.

Create portfolio scenarios

B.

Understand the strategic priorities

C.

Create a basis for decision making

D.

Provide a guiding framework to operationalize the organizational strategic goals and objectives

You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. What is the expected outcome from managing supply and demand?

A.

Portfolio updates, Portfolio Management Plan updates, Portfolio Reports updates, Portfolio Components Reports updates

B.

Portfolio updates, Portfolio Management Plan updates, Portfolio Reports

C.

Portfolio updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates

D.

Portfolio updates, Portfolio Management Plan updates, Portfolio Process Assets updates

In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following are considered outputs to the Manage Portfolio Information process?

A.

Portfolio Process Assets updates, Portfolio Roadmap updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates

B.

Portfolio Process Assets updates, Portfolio Management Plan updates, Portfolio Reports

C.

Portfolio Process Assets updates, Portfolio Charter updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates

D.

Portfolio Process Assets updates, Portfolio Charter updates, Portfolio Reports updates, Portfolio Management Plan updates, Portfolio Component Reports updates

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.

Authorizing the portfolio

B.

All of the options

C.

Achieving Results

D.

Initiating the portfolio

Portfolio Prioritization Model is included in the Portfolio management plan and Portfolio Strategic Plan. How does it serve the Portfolio as part of the Portfolio Strategic Plan?

A.

All of the options

B.

Ensures benefits are comprehensively and holistically taken into consideration

C.

Guides the ongoing decisions as to which portfolio components should be added, terminated, or changed

D.

Used as a decision framework to structure the portfolio components

You are the manager of a major portfolio with a variety of stakeholders and stakeholder groups. you know that managing communication is key to success and you stress on maintaining a high communication level. You have just finalized the development of the Portfolio Communication Management Plan. Which of the following is correct regarding its purpose and focus?

A.

Articulates the options, preferences, and factors that will be considered in a specific portfolio

B.

Identifies recipients for information associated with the portfolio management process

C.

Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components

D.

Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio

Working to ensure the portfolio management process is one that is followed and is embraced has been a major challenge. As the portfolio manager, assume you set up meetings with the Portfolio Governance Group bi-weekly since there is constant change in your telecom company. You also want the portfolio process to be transparent. To do so, a useful tool to communicate status is:

A.

Reports on funding decisions

B.

A governance decision register

C.

The portfolio roadmap

D.

Key portfolio milestones

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

A.

Articulates the options, preferences, and factors that will be considered in a specific portfolio

B.

Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio

C.

Identifies recipients for information associated with the portfolio management process

D.

Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components

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.

Elicitation technique

B.

Interdependency analysis

C.

Capability & Capacity analysis

D.

Readiness Assessment

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.

Ask the steering committee for more resources in order to be able to continue with this component

B.

Ask the senior manager directly for resources as you know that this component requires additional resources

C.

Highlight the issue in the governance board meeting and recommend termination based on facts and thorough analysis

D.

Continue working on the component as you have the support of one of the senior managers