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NEW QUESTION 40
Which is an objective of portfolio management?
- A. To ensure the portfolio contains all business change within the organization
- B. To ensure the collection of change initiatives is sufficient to achieve the required strategic contribution
- C. To actively manage the deployment of project and programme staff
- D. To ensure a single set of investment criteria are applied to all change initiatives
Answer: D
NEW QUESTION 41
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 42
Which is one of the first seven steps in a staged implementation of portfolio management?
- A. Implement a software solution to aid portfolio resource management
- B. Preparation of an organization-wide Implementation Plan encompassing all 12 practices
- 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 43
Which is a responsibility of the Portfolio Direction Group / Investment Committee?
- A. Ensure business case data is prepared on a consistent basis across the organization
- B. Ensure the portfolio is properly balanced
- C. Champion the implementation of portfolio management across the organization
- D. Develop the organization's Portfolio Benefits Management Framework
Answer: B
NEW QUESTION 44
Which of the following is NOT a main element of the benefits management practice?
- A. Clear arrangements for benefits tracking
- B. Inclusion of re-appraisal of benefits in portfolio-level reviews
- C. Demonstrable senior management commitment
- D. A portfolio-level Benefits Realization Plan
Answer: B
NEW QUESTION 45
Which documents are key outputs of the portfolio definition cycle?
- A. Portfolio Management Framework and Portfolio Delivery Plan
- B. Portfolio Strategy and Portfolio Resource Schedule
- C. Portfolio Strategy and Portfolio Delivery Plan
- D. Portfolio Benefits Management Framework and Portfolio Benefits Realization Plan
Answer: C
NEW QUESTION 46
Which is a solution to the dependency management challenge 'how to present complex information in an easily understandable form'?
- A. Organize a workshop to identify key dependencies
- B. Highlight key dependencies on the portfolio schedule
- C. Modify a version of the prioritization practice to focus on dependencies
- D. Organize sessions for initiatives to agree potential dependencies
Answer: B
NEW QUESTION 47
How does portfolio management support effective corporate governance?
- A. By obtaining the context within which portfolio management should operate
- B. By providing a "clear line of sight" on the progress of the portfolio against plans
- C. By making appropriate use of existing performance management expertise to design and implement new portfolio key performance indicators
- D. By assigning responsible persons for implementing projects and programmes
Answer: B
NEW QUESTION 48
Which statement describes the purpose of the Portfolio Direction Group / Investment Committee?
- A. The governance body where decisions about inclusion of initiatives in the portfolio are made
- B. The role that is responsible for approving changes to the portfolio delivery practices
- C. The governance body responsible for monitoring portfolio progress and resolving issues that may compromise delivery and benefits realization
- D. Ensuring that a consistent fit for purpose' approach to benefits management is applied across the portfolio
Answer: B
NEW QUESTION 49
Which is a main element of the management control practice?
- A. Benefits eligibility rules
- B. Stage or phase gates
- C. Strategy alignment
- D. Decision conferencing
Answer: B
NEW QUESTION 50
Which statement about 'decision conferencing' is FALSE?
- A. The Board approve a prioritized listing developed by the Portfolio Office
- B. Senior management debate and agree the scores/ratings for each initiative
- C. A facilitator can help to ensure that a consensus is reached
- D. It can result in greater commitment by senior management to the portfolio
Answer: A
NEW QUESTION 51
Which of the following are 'keys to success' of the organizational governance practice?
1. A shared vision for the portfolio
2. Focus on senior management
3. Business cases and progress are reviewed regularly
4. Shared understanding of the governance structure and processes
- A. 2, 3, 4
- B. 1, 2, 4
- C. 1, 2, 3
- D. 1, 3, 4
Answer: D
NEW QUESTION 52
Which of the following is a main element of the financial management practice?
- A. Sub-portfolios are periodically reviewed
- B. Application of staged release funding linked to stage/phase gates
- C. Categorization of benefits as cashable and non-cashable
- D. Consideration of financial liabilities arising from performance and guarantee bonds
Answer: C
NEW QUESTION 53
What has as its purpose - to collate key information for senior management on those change initiatives that will deliver the greatest contribution to the strategic objectives?
- A. Portfolio definition cycle
- B. Portfolio delivery cycle
- C. Management control practice
- D. Portfolio management principles
Answer: A
NEW QUESTION 54
Which is one of the three broad approaches to implementing portfolio management?
- A. One version of the truth
- B. Balance
- C. Big bang
- D. Definition
Answer: B
NEW QUESTION 55
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