Question 1

Which receives the benefit of the governance provided by a P3O?

Options :

A : Finance

B : Change initiatives

C : Business as usual

D : Commercial

Answer: B

Question 2

What is the definition of a portfolio?

Options :

A : The way the business normally achieves its objectives

B : Implementation of related projects to deliver benefits related to the organization's strategic objectives

C : Totality of an organization's investment in the changes required to achieve its strategic objectives

D : Collection of strategic processes that enable the balance of organizational change and business as usual

Answer: C

Question 3

Which are the activities of the implementation lifecycle for a permanent P3O?

Options :

A : Initiate, Define, Deliver Capability / Realize Benefits, Close

B : Identify, Define, Deliver Tranches, Close

C : Identify, Define, Deliver Blueprint, Close

D : Identify, Define, Deliver Capability / Realize Benefits, Close

Answer: D

Question 4

Which is an underlying success factor for a Virtual P3O model?

Options :

A : Good Heads of Hub Portfolio Offices are available

B : Standards continue to be developed by monitoring external best practice

C : Current culture and approaches are challenged

D : P3O costs are seen as an unnecessary overhead

Answer: B

Question 5

How does a P3O model increase an organization's ability to deliver its strategy?

Options :

A : Ensures current projects are unaffected by changes to policy or strategy

B : Enables projects to efficiently develop their own financial processes

C : Provides decision support to ensure the right projects are launched

D : Allows senior managers to delegate their governance responsibilities

Answer: C

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