What portfolio document provides stakeholders with an authoritative, up to date source of advice on the portfolio management practices adopted and governance arrangements?
A. Portfolio Management Framework
B. Portfolio Strategy
C. Portfolio Delivery Plan
D. Portfolio Resource Schedule
Which statement describes the purpose of the Portfolio Direction Group / Investment Committee?
A. The role that is responsible for approving changes to the portfolio delivery practices
B. The governance body where decisions about inclusion of initiatives in the portfolio are made
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
Which describes a 'key to success' of the resource management practice?
A. Prioritizing change initiatives on the basis of risk/achievability and return/attractiveness
B. Releasing funding for change initiatives as they complete each stage gate
C. The management board agree the high-level objectives for the portfolio
D. Introduction of standard forms for estimating the programme and project staff required on initiatives
Which of the following is a main element of the financial management practice?
A. Application of staged release funding linked to stage/phase gates
B. Categorization of benefits as cashable and non-cashable
C. Consideration of financial liabilities arising from performance and guarantee bonds
D. Sub-portfolios are periodically reviewed
Which questions are addressed by portfolio management as part of strategic planning?
1.
Are the programmes and projects in the portfolio necessary?
2.
Is the portfolio together with business as usual activities sufficient to achieve the strategic objectives?
3.
Where in business as usual will the objectives be achieved?
4.
Is the portfolio affordable?
A. 1, 2, 3
B. 1, 2, 4
C. 1, 3, 4
D. 2, 3, 4
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. 1, 2, 3
B. 1, 2, 4
C. 1, 3, 4
D. 2, 3, 4
The purpose of which practice is to ensure that delivery stays on track and that the portfolio remains strategically aligned?
A. Management control
B. Organizational governance
C. Stakeholder engagement
D. Prioritize
Identify the missing word in the following sentence. The Portfolio Management [ ? ] are the key foundations on which effective portfolio management is based.
A. practices
B. principles
C. cycles
D. techniques
What portfolio document sets the standards for consistent approaches to benefits management across the portfolio?
A. Portfolio Management Framework
B. Portfolio Benefits Realization Plan
C. Portfolio Benefits Management Framework
D. Portfolio Dashboard
Which describes the full scope of portfolio management?
A. Deciding where to invest - 'doing the right things'
B. Ensuring successful initiative delivery - doing things right'
C. 'Doing the right things' and 'doing things right' at a collective level
D. 'Doing the right things' and 'doing things right' at an individual initiative level
