Question 1

Throughout the course of the portfolio lifecycle, components are initiated, terminated and updated. In order to be initiated, portfolio components receive go/no-go decisions during governance meetings. During which process the go/no-go decisions are taken?

Options :

A : Review Meetings

B : Provide Portfolio Oversight

C : Authorize Portfolio

D : Manage Strategic Change

Answer: C

Question 2

Stakeholders are an integral part of the portfolio. The portfolio manager will work with the stakeholders to

plan, execute and eventually deliver and close the portfolio. While developing the performance management

plan, the portfolio manager plans a series of sessions with key stakeholders to define Key Performance

Indicators (KPIs). What are these sessions collectively referred to in a portfolio?

Options :

A : Capability and Capacity Analysis

B : Communication Methods

C : Elicitation Techniques

D : Communication Requirements Analysis

Answer: C

Question 3

As part of the annual planning, PMO has started to group initiatives managed under each portfolio in the

organization. The collected list will be used in developing the new Portfolio Strategic Plan. What is this

collected list called?

Options :

A : Portfolio

B :

Portfolio Component Inventory

C :

Portfolio Process Assets (PPAs)

D :

Inventory of Work

Answer: D

Question 4

For years, your aerospace company has been a leader in the development of sophisticated avionic hardware

systems around the world. The executives want to continue with this well-recognized product line, but also

they decided it is time to move into state-of-the art software to complement the hardware products. You have

been asked to assess whether there are skill set limitations in the company to assess resource capacity

internally. To do so, you decide to:

Options :

A : Focus on needed competencies and develop competency profiles for the internal staff

B :

Interview staff members based on performance evaluations to determine their interest in the new product

line

C :

Work with Human Resources and review the education backgrounds of internal staff and see if people

have taken recent training

D :

Set up a contingency plan by asking the Procurement Department to issue a Request for Information to

external consulting firms

Answer: A

Question 5

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 below helps in optimizing the supply and demand?

Options :

A : Minimize both the unused capacity and the unmet demands

B : Maximize both the unused capacity and the unmet demands

C : Maximize the unused capacity and minimize the unmet demands

D : Minimize the unused capacity and maximize the unmet demands

Answer: B

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