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1. Which is one of the first seven steps in a staged implementation of portfolio management?
A) Preparation of an organization-wide Implementation Plan encompassing all 12 practices
B) Adopt sophisticated approaches to prioritizing initiatives
C) Implement a software solution to aid portfolio resource management
D) Create an annual plan including a delivery schedule and report progress against it
2. What is the definition of portfolio management?
A) Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned
B) A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual
C) Carrying out the co-ordinated organization, direction and implementation of a dossier of projects and transformation activities to achieve outcomes and realize benefits of strategic importance to the business
D) An approach, or line to take, designed to achieve a long-term aim
3. 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 management principles
B) Portfolio definition cycle
C) Management control practice
D) Portfolio delivery cycle
4. 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 ensure a single set of investment criteria are applied to all change initiatives
D) To actively manage the deployment of project and programme staff
5. What portfolio document sets the standards for consistent approaches to benefits management across the portfolio?
A) Portfolio Management Framework
B) Portfolio Benefits Management Framework
C) Portfolio Benefits Realization Plan
D) Portfolio Dashboard
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: B |
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