Question 1

One key artifact to review as the portfolio communications management plan is prepared is the:

Options :

A : Portfolio management plan as it shows all elements in it have communications requirements

B : Portfolio performance plan as it sets forth needed reports and their frequency

C : Portfolio strategic plan since it shows the need for strategic alignment

D : Portfolio benefits realization plan to determine reports on progress in benefit realization, transition, andsustainment

Answer: A

Question 2

Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. Which of the following highlights the difference between portfolio risk and program or project risks?

Options :

A : Portfolio risks focus on strategies, whereas program and project risks focus on implementation

B : Portfolio Risks may be actively accepted in anticipation of high rewards, whereas, program and project level risks are not

C : Portfolio risks are the aggregation of subsidiary programs and projects risks

D : Portfolio risks can not be mitigated to other third parties, whereas program and project risks can

Answer: B

Question 3

When it comes to change, one of your junior portfolio managers came to you requesting your help to deal withthe overwhelming strategic changes. He wants your assistance in solving the issue of continuous changes inthe organization's objectives. What should be your advice to him?

Options :

A : Change is a normal thing when it comes to portfolios, and he should act upon each strategic change in aquick manner in order to re-align his portfolio

B : Not all strategic changes impacting his portfolio need to be taken care of; he should prioritize the changeand only accept the ones with high priorities

C : Help him to align his portfolio and manage it correctly in order to decrease the number and scale ofchanges

D : Inform him that this is abnormal and that he should re-do the planning for his portfolio; even if it takestime and resources, but it will help him a lot for the rest of the portfolio life cycle

Answer: A

Question 4

You have a portfolio component that is using earned value analysis. It is at the 15% point of completion, and itis evident that it cannot be completed as planned. Adding resources will not solve the problem, and at the lastPortfolio Review Board meeting, the Board members decided to terminate this component based on its variousrisks. They then decided the resources allocated to this component could be transferred to other portfoliocomponents enhancing their early completion and avoiding risks from competitors. As the portfolio manager,you:

Options :

A : Worked with the component managers to ease the transition

B : Documented these decisions in portfolio reports

C : Set up both quantitative and qualitative metrics to determine the usefulness of adding resources to the other components

D : Met with the affected component managers and their teams to explain these changes

Answer: B

Question 5

Your probability and impact assessment work is complete, and you are using the results to prepare the portfolio risk management plan. As you do so, it also is useful to:

Options :

A : Define the assurance levels of the risk and its performance measures

B : Validate with your stakeholders that your analysis meets their expectations

C : Communicate the results with others in the organization for greater transparency

D : Identify specific trends for each risk using qualitative and quantitative analysis

Answer: A

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