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NEW QUESTION 224
As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Stakeholder matrix is one of the prepared documents, what does it include?
- A. Intended recipients, communication vehicles, frequency and communication areas
- B. Stakeholders roles, interests, expectations and groups
- C. Representation of all of the communication for the portfolio and their frequency over a period of time
- D. Stakeholders quadrants showing the level of interest and influence
Answer: B
Explanation:
Explanation
The Stakeholder matrix contains stakeholders roles, interests, expectations and groups
NEW QUESTION 225
Due to multiple occurrences of risk realization, the CEO has asked you to re-assess the portfolio risks once again. Up to what level in the organization do you go when you need to assess risks?
- A. Internal to the portfolio
- B. Functional
- C. All Organizational Levels
- D. Operational
Answer: C
NEW QUESTION 226
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 Strategic Management
- B. Ongoing Operations
- C. Portfolio Components and Ongoing Operations
- D. Portfolio Components
Answer: C
NEW QUESTION 227
As vision is the desired end state, it requires specific strategies to attain it. These strategies are best achieved by establishing:
- A. Critical success factors
- B. Goals
- C. Key performance indicators
- D. Outcomes
Answer: B
NEW QUESTION 228
Your company has multiple portfolios on the way and a variety of different clients and industries. Risk levels are high due to recent governmental regulations and the company has recently been penalized due to a non-compliance to one of the standards. You know that you need to closely managing this. As a result, you will be come out with
- A. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates, Portfolio updates
- B. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Reports, Enterprise Environmental Factors updates
- C. Portfolio Management Plan updates, Portfolio updates, Portfolio Reports, Enterprise Environmental Factors updates
- D. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates, Portfolio Reports
Answer: D
Explanation:
Explanation
The scenario targets the outputs of "manage Portfolio Risk" process. The answer to this question is Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates, Portfolio Reports
NEW QUESTION 229
Different stakeholders will have different portfolio reporting requirements. Sponsors for example will have a great interest in:
- A. If the portfolio will meet organizational strategy
- B. Status in terms of other authorized components
- C. Overall portfolio value
- D. Status in achieving benefits
Answer: D
NEW QUESTION 230
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a large number of stakeholders including the public, you know that you will be managing the communication closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust communication management plan. What is expected to be found in this plan?
- A. Communication objectives
- B. Portfolio structure including a listing of the various portfolio components and other work
- C. Introduction (goals, objectives, strategies, and tactics)
- D. Organization areas and organization structure
Answer: A
Explanation:
Explanation
Communication Objective is the only option included in the portfolio communication management plan; the latter includes as well: Communication objectives; Roles and responsibilities for managing communication; Identified stakeholders; Identified stakeholder expectations; Planned methods to collect and store communication; Planned vehicles to access and deliver communication; Planned frequency, and Communication policies/constraints
NEW QUESTION 231
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed abundantly throughout the portfolio lifecycle and spans multiple processes.
While performing the capability and capacity analysis during the manage supply and demand process, which of the following you use to maximize the use of resources
- A. Soft Booking
- B. Continuous monitoring of the progress
- C. Equity Protection
- D. Allocating scarce resources
Answer: A
Explanation:
Explanation
In order to maximize the use of resources, organizations will commit resources to authorized portfolio components, based on the expected end date of an active portfolio component commonly referred to as "soft booking"
NEW QUESTION 232
Assume you are the portfolio manager for your training company. It decided to implement portfolio management in a major way to ensure it remained competitive in the changing market and could offer a variety of methods to deliver courses rather than only in a face-to-face setting. The company set up a Portfolio Management Group, and you are responsible for providing information on portfolio status and then providing information to those interested stakeholders about the Board's decisions. You want to make sure the reports meet stakeholder requirements. After performing a detailed communications requirements analysis, you found it interesting that stakeholders wanted information about:
- A. Portfolio infrastructure costs
- B. Benefit realization
- C. Goal achievement
- D. Changes in the roadmap
Answer: C
NEW QUESTION 233
Your goal as a portfolio manager is to develop a strong communications management plan to keep interested stakeholders informed about your progress in portfolio management. Although you have reached out to numerous stakeholders, you know other portfolio processes also can help in this process such as:
- A. Finance
- B. Performance
- C. Governance
- D. Strategy
Answer: B
NEW QUESTION 234
Your team members were having a discussion about the contents of the Portfolio Charter and they came to you for advice because they could not agree on a common answer. What would be your advice to them?
- A. Scope and timelines, all success criteria and justification
- B. Portfolio structure, scenario analysis, capability and capacity analysis
- C. Scenario analysis, capability and capacity analysis
- D. High-level scope and high-level timelines, critical success criteria and justification
Answer: D
Explanation:
Explanation
Scenario analysis and capability & capacity analysis are tools and techniques to develop portfolio charter process and they are not part of charter's content. The charter includes high-level scope and high-level timelines, critical success criteria and justification
NEW QUESTION 235
Assume you completed your portfolio performance management plan, and it was approved by the Oversight Committee. This plan, with an overall purpose to maximize portfolio performance, describes resource allocation and resource-related issues among other items. In it a key component is benefits realization. This emphasis on benefits planning provides:
- A. Methods to assist in benefit identification
- B. Examples for templates for benefits realization planning
- C. Methods to evaluate the expected net benefits
- D. An approach focusing on continuous improvement in overall performance
Answer: C
NEW QUESTION 236
A new regulatory mandate has been imposed by the government which highly affected your portfolio.
Multiple regulatory components are requested to be added to the portfolio in order to comply with new governmental bank regulations. Initiating these components requires permission from
- A. Portfolio Sponsor
- B. Portfolio Manager
- C. Portfolio Components' teams
- D. Portfolio Governance Board
Answer: D
NEW QUESTION 237
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 238
Assume you are new to your organization and you were hired specifically to help implement portfolio management in your new manufacturing company. Having worked in portfolio management for the past five years, you know it is a major culture change. It is definitely a challenge at your new company because:
- A. The few projects that are under way are not interdependent
- B. The organization basically has many operational activities, and only a few projects are under way
- C. The organization lacks a defined strategy
- D. Operational activities have continued without any major changes for years
Answer: C
NEW QUESTION 239
Efficiency is highly regarded when managing a portfolio and spans all activities i.e. risk management, communication management, etc. A portfolio is considered efficient if it
- A. lies below the curve
- B. Has the best possible expected level of return for its level of risk
- C. Minimizes risks to the maximum
- D. lies above the curve
Answer: B
NEW QUESTION 240
The Portfolio Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Management Plan purpose and focus?
- A. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a 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. Articulates the options, preferences, and factors that will be considered in a specific portfolio
Answer: A
Explanation:
Explanation
The Portfolio Management Plan describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio of programs, projects, and other work to meet the organization's strategic objectives
NEW QUESTION 241
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 shows a clear path from the "as-is" to the "to-be" vision?
- A. Portfolio
- B. Portfolio Strategic Plan
- C. Portfolio Charter
- D. Portfolio Roadmap
Answer: D
Explanation:
Explanation
The portfolio roadmap demonstrates a clear path from the "as-is" to the "to-be" states
NEW QUESTION 242
Along your portfolio lifecycle, you have been conducting multiple review meetings to ensure continuation from one phase to another and to ensure the alignment and value delivery, in addition to communicating decisions and valuable information to the related stakeholders. Changes to the approach of portfolio governance may be a result of review meetings. Which of the following options include updates to the governance model?
- A. Portfolio Process Assets updates
- B. Portfolio Reports
- C. Portfolio Strategic Plan updates
- D. Portfolio Management Plan updates
Answer: D
NEW QUESTION 243
One of your portfolio team members is confused on the reason behind using the three processes: Define Portfolio, Optimize Portfolio, Authorize Portfolio and Manage Portfolio value. For him, we can skip a couple of processes. He came to you for advice. What should be your response to him?
- A. He is right, processes can be skipped if you want to do the other ones
- B. The processes are not similar and they are interrelated, they are continuously executed throughout the portfolio life cycle
- C. The processes are similar and can be skipped. The reason they exist in the standard is to cover the define, align, and monitor and control process groups
- D. The processes are part of the standard for portfolio management and should not be skipped
Answer: B
NEW QUESTION 244
The interest, influence, and communication needs of business operational stakeholders who are looking to ensure alignment between portfolio components, while minimizing negative impact and maximizing positive benefits of all portfolio-managed changes to their business operations, relate to which type of stakeholders?
- A. Internal and External Stakeholders
- B. Internal Stakeholders
- C. External Stakeholders
- D. Does not relate to stakeholders
Answer: B
Explanation:
Explanation
The interest, influence, and communication needs of business operational stakeholders who are looking to ensure alignment between portfolio components, while minimizing negative impact and maximizing positive benefits of all portfolio-managed changes to their business operations, relate to internal stakeholders?
NEW QUESTION 245
Your company is currently on the verge of bankruptcy due to the lack of transparency within the organization; this alerted the CEO to take decisive actions and request that new reporting lines be established in order to be fully transparent. The new reporting lines triggered changes in roles & responsibilities for managing communication and communication policies & constraints. Where are these changes reflected when it relates to your portfolio?
- A. Portfolio Process Assets updates
- B. Organizational Process Assets updates
- C. Portfolio Updates
- D. Portfolio Management Plan updates
Answer: D
NEW QUESTION 246
You have finalized optimizing your portfolio and want to avoid any delay by directly recommending the initiation of multiple portfolio components. What do you need for starting this?
- A. Portfolio Management Plan, Portfolio, Portfolio Reports
- B. Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets, Portfolio Strategic Plan
- C. Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets, Portfolio Roadmap
- D. Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
Answer: A
NEW QUESTION 247
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