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Question: 1
Which is a way of sustaining progress in the implementation of portfolio management?
A. Introduce completely new processes for portfolio management rather than trying to build on existing organizational processes
B. Adopt a big bang approach rather than an incremental or staged approach
C. Align reward and recognition processes for senior management to appropriate behaviours
D. Ensure the organization uses the most sophisticated software solution available rather than tailoring the tools that it already uses
Answer: C
Question: 2
Which is a main element of the benefits management practice?
A. Defined processes recorded in the Portfolio Management Framework
B. A shared vision of what the portfolio is designed to achieve
C. Present findings creatively
D. Feeding lessons learned from post-implementation reviews back into forecasting
Answer: D
Question: 3
Which is a main element in the organizational governance practice?
A. Using stage gates to ensure initiatives are reviewed consistently based on strategic contribution and risk
B. Regular review of risks across the portfolio
C. Applying staged release of funding linked to stage gates
D. Clearly describing arrangements for benefits tracking and reporting
Answer: A
Question: 4
Which is one of the three ways in which senior level engagement is crucial to effective portfolio management?
A. Endorsing the decisions the Portfolio Office make about the composition of the portfolio
B. Ensuring the Portfolio Manager champions the implementation of Portfolio Management
C. Creating a clear decision-making structure so that decisions are made swiftly and in line with business strategy
D. Prioritizing the portfolio on the basis of resource availability
Answer: C
Question: 5
Which statements about the Portfolio Office (headed by the Portfolio Manager) are true?
1. It helps to ensure that a consistent approach is applied across the portfolio
2. It prepares the Portfolio Strategy and Delivery Plan
3. It is a temporary structure set up to assist with the delivery of change
4. It provides assurance to senior management on effective delivery of change
A. 1, 2, 3
B. 1, 2, 4
C. 1, 3, 4
D. 2, 3, 4
Answer: B