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NEW QUESTION 180
As a portfolio manager you try to use all the information available to you in order to get the best out of the existing information and to better plan and manage the portfolio. The Enterprise Environmental Factors are important and referenced throughout the portfolio life cycle. Which of the following is correct regarding their purpose and focus?
- A. High-level prioritization mapping of the portfolio
- B. Establish communication requirements
- C. Forecasts how and when the portfolio will deliver value to the organization
- D. Organization's overall governance processes
Answer: D
Explanation:
Explanation
The EEFs are internal or external conditions, not under the control of the portfolio organization, which influence, constrain, or direct a portfolio's success. They include: Organizational overall governance processes, culture, and detailed hierarchy structure; Legal constraints; Governmental or industry standards; Infrastructure; Existing human resources; Personnel administration; Marketplace conditions; Portfolio management information system; Commercial databases; Organizational project management; Stakeholder risk tolerances; organization culture and structure, infrastructure, OPM, legal and regulatory considerations, industry requirements; Published information, including commercial databases, academic studies, market research, and bench-marking
NEW QUESTION 181
Portfolio Prioritization Model is included in the Portfolio management plan and guides the ongoing decisions as to which portfolio components should be added, terminated, or changed; which of the following is correct regarding the Prioritization Model purpose and content?
- A. Ensures benefits are comprehensively and holistically taken into consideration
- B. Establishes and tailors the decision-making rights and authorities
- C. All of the options
- D. Contains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment risks, and dependencies
Answer: D
NEW QUESTION 182
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. When it comes to Managing portfolio risks, a risk owner, along with the portfolio manager, should select the strategy or mix of strategies most likely to be effective. Which of the following is not a risk strategy?
- A. Fallback Plan
- B. Response Strategy Selection
- C. Strategies for both threats and opportunities
- D. Scenario Analysis
Answer: A
Explanation:
Explanation
Strategies may include: response strategy selection, strategies for both threats and opportunities, and scenario analysis. The risk owner may develop a fallback plan for execution if the selected strategy is not sufficiently effective. So the fallback plan is a result of a failed strategy
NEW QUESTION 183
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the following are considered inputs to the Manage Supply and Demand process?
- A. Portfolio, Portfolio Management Plan, Portfolio Process Assets
- B. Portfolio, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets
- C. Portfolio, Portfolio Management Plan, Portfolio Reports
- D. Portfolio, Portfolio Management Plan, Portfolio Reports, Portfolio Components Reports
Answer: C
Explanation:
Explanation
The answer to this question is Portfolio, Portfolio Management Plan, Portfolio Reports
NEW QUESTION 184
Along the course of the portfolio, you will be recommending the initiation, termination and update of components. The governance bodies will be approving or rejecting your recommendations as part of their role in the authorization of the portfolio. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Authorize Portfolio Process?
- A. Allocating resources to develop component proposals or execute portfolio components
- B. Balance the portfolio for performance and value delivery
- C. Create an up-to-date list of qualified portfolio component
- D. Make Governance Decisions
Answer: A
Explanation:
Explanation
The purpose of this process is to activate selected portfolio components by allocating resources to develop component proposals or execute portfolio components; update relevant portfolio reports such as funding updates, resource assignments, and allocations; and document governance decisions
NEW QUESTION 185
You are managing a portfolio for a major car dealer in the region and due to diversity of locations, funding terms and your client's corporate structure, you have a big number of components to be included in the portfolio. With such a huge number, you need to prioritize the components in order to prepare the mix of components to execute. Where can you find the prioritization model?
- A. Portfolio Roadmap
- B. Portfolio Risk Management Plan
- C. Portfolio Charter
- D. Portfolio Strategic Plan
Answer: D
Explanation:
Explanation
You are defining the mix of components, thus you are in the define portfolio process that has as input the strategic plan containing the prioritization model to be used.
NEW QUESTION 186
You have been assigned as a consultant to give your expertise on a failing portfolio which is critical to the success of your client's organization. You are now in the process of reviewing the portfolio management plan.
What do you expect to see as part of this plan?
- A. Balancing portfolio and managing dependencies
- B. Portfolio Justification, high-level scope and high-level timelines
- C. Vision for the portfolio, which is based on the alignment with the organization's goals and objectives
- D. The major components of the portfolio which are aligned chronologically to achieve portfolio value
Answer: A
NEW QUESTION 187
Recognizing that different components can have different types of risks, you decide to see how each risk affects the components. For example, assume you have identified a structural risk as overly ambitious plans and determine this risk affects three of the top five risks in your portfolio. You also have identified an environmental risk, in terms of whether the component will promote the organization's vision, which affects two components. Each component then has some other types of risks that affect it. From such an analysis you can see:
- A. Common causes
- B. Gaps in the portfolio
- C. Rebalancing needs
- D. Overall portfolio risk impact
Answer: A
NEW QUESTION 188
While aggregating data from component reports in order to present the portfolio status to the governance board on an upcoming review meeting, which of the following is the most important thing to do?
- A. Disseminating the status to related stakeholders mentioned in communication management plan before the review meeting
- B. Disseminating the status to all stakeholders before the review meeting
- C. Updating the portfolio communication management plan
- D. Perform Communication Requirements Analysis
Answer: D
NEW QUESTION 189
In order to guide the work and correctly manage the portfolio, one of the major documents to be prepared is the Portfolio Management Plan acting as guideline for portfolio management. What are the tools and techniques you could use while developing this plan?
- A. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis, PMIS
- B. Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization
- C. Integration of Subsidiary Plans, Organizational Structure Analysis, Elicitation techniques
- D. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis
Answer: C
NEW QUESTION 190
While defining the portfolio, a portfolio manager does a preliminary comparison of all inventoried portfolio components against the portfolio component definition. For this, the descriptors of each portfolio component are used in order to compare it to other components. Which of the following is not a component key descriptors?
- A. Resources Required
- B. Component Number
- C. Urgency
- D. Component Customer
Answer: C
Explanation:
Explanation
The key descriptors ensure that all portfolio components are comparable. Descriptors and criteria may be used for filtering or eliminating new portfolio components by having associated acceptance levels. Key descriptors include: Portfolio component number, Portfolio component code, Portfolio component description, Type of portfolio component, Strategic goals supported, Quantitative benefits, Qualitative benefits, Portfolio component customer, Portfolio component sponsor, Key stakeholders, and Resources required.
Urgency is an evaluation criteria.
NEW QUESTION 191
In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following help you with managing the portfolio value?
- A. Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
- B. PMIS, Elicitation techniques, Communication Requirements Analysis, Communications Methods
- C. Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative
- D. Elicitation techniques, Capability & Capacity Analysis, PMIS
Answer: B
NEW QUESTION 192
Assume you are working in a division in your country's Department of Interior. The Department is set up in Bureaus, and your work falls within Natural Resources. Your division is the Water Resource Division. You are responsible as the portfolio manager for the work in this Division. As you work on the portfolio for the upcoming year, you point out to the members of the Portfolio Review Committee that:
- A. Your portfolio addresses different strategies than those in other parts of the Department
- B. Your portfolio reflects your Division's objectives
- C. Each program and project in the portfolio have related objectives
- D. The projects in the portfolio have interdependencies between them
Answer: A
NEW QUESTION 193
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. Scenario analysis, capability and capacity analysis
- B. Portfolio structure, scenario analysis, capability and capacity analysis
- C. High-level scope and high-level timelines, critical success criteria and justification
- D. Scope and timelines, all success criteria and justification
Answer: C
NEW QUESTION 194
You have just finished the development of the Portfolio Communication Management Plan. The portfolio team is looking for portfolio value assessment, status reports, and portfolio forecast with variance to plan. Where should they find this information?
- A. Portfolio Process Assets
- B. Portfolio
- C. Portfolio Management Plan
- D. None of the options
Answer: A
NEW QUESTION 195
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