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1. What is the definition of portfolio management?
A) 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
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) Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned
D) An approach, or line to take, designed to achieve a long-term aim
2. Which statement about 'decision conferencing' is FALSE?
A) A facilitator can help to ensure that a consensus is reached
B) It can result in greater commitment by senior management to the portfolio
C) The Board approve a prioritized listing developed by the Portfolio Office
D) Senior management debate and agree the scores/ratings for each initiative
3. Identify the missing word in the definition of portfolio management. A coordinated collection of [ ? ] processes and decisions that together enable the most effective balance of organizational change and business as usual.
A) strategic
B) programme
C) business
D) delivery
4. 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) 2, 3, 4
B) 1, 2, 4
C) 1, 2, 3
D) 1, 3, 4
5. Which documents are key outputs of the portfolio definition cycle?
A) Portfolio Management Framework and Portfolio Delivery Plan
B) Portfolio Strategy and Portfolio Delivery Plan
C) Portfolio Benefits Management Framework and Portfolio Benefits Realization Plan
D) Portfolio Strategy and Portfolio Resource Schedule
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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