Management of Portfolio® Foundation v6.0 (MOPF)

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Total 100 questions

Why is it sometimes helpful to break down portfolio categories or segments into sub- categories?

  • A. To evaluate the benefits expected from each change initiative
  • B. To produce a ranked list of strategic changes, taking into account impact across the business
  • C. To assess the contribution of initiatives by expressing strategic objectives in greater detail
  • D. To ensure business cases are prepared on a consistent basis


Answer : C

Which is a benefit of assessing the impact of portfolio management?

  • A. More of the 'right' programmes and projects being undertaken
  • B. It can help demonstrate a compelling case for investment in portfolio management
  • C. The portfolio governance body comes to a collective decision on the composition of the portfolio
  • D. More informed decisions concerning the initiation and scheduling of initiatives


Answer : B

Which is a main element in the stakeholder engagement practice?

  • A. Checking the ranked list of strategic changes for impact across the business
  • B. Matching demand and supply of constrained resources
  • C. Applying the champion-challenger' model
  • D. Ensuring that key stakeholders have a clear and shared understanding of the governance process


Answer : C

In which circumstance would the 'evolutionary' approach to implementation of portfolio management be MOST appropriate?

  • A. In a stable marketplace and where strategy is emergent
  • B. In a stable marketplace where strategy is formulated top-down
  • C. In a less stable marketplace where strategy is formulated top-down
  • D. In a less stable marketplace where strategy is emergent


Answer : D

Identify the missing word in the following sentence. The Portfolio Management [ ? ] are the key foundations on which effective portfolio management is based.

  • A. practices
  • B. principles
  • C. cycles
  • D. techniques


Answer : B

Which statement about the prioritize practice is true?

  • A. Investment criteria used should be the same for each segment of the portfolio
  • B. The Portfolio Office should approve the prioritized list of changes before presentation to management boards
  • C. Mandatory changes (e.g. legal requirements) do not need to be included in the prioritization exercise
  • D. Stakeholders should be able to see evidence that all changes have been assessed fairly and consistently


Answer : D

Which of the following refers to the 'one version of the truth' technique?

  • A. Referring variances beyond control limit from plan to the portfolio governance body
  • B. Reporting via a documented route and schedule
  • C. Specifying points at which reviews of initiatives are linked to funding release
  • D. Deriving forecasts of costs, duration and benefits of an initiative from similar previous projects


Answer : B

Identify the missing words in the following sentence. Dependencies in a complex portfolio environment [?] but if not managed effectively can represent a serious risk to delivery.

  • A. are a relatively simple matter
  • B. are a non-critical part of the project plan
  • C. are not always immediately obvious
  • D. do not need to be summarised in a portfolio dashboard report


Answer : C

Which are responsibilities of portfolio management in terms of delivering initiatives that contribute to strategic objectives?
1. Development of delivery capability organization-wide
2. Management of limited resources
3. Effective dependency management across the portfolio
4. Delivery of change initiatives within the portfolio

  • A. 1, 2, 3
  • B. 1, 2, 4
  • C. 1, 3, 4
  • D. 2, 3, 4


Answer : A

What portfolio document sets the standards for consistent approaches to benefits management across the portfolio?

  • A. Portfolio Management Framework
  • B. Portfolio Benefits Realization Plan
  • C. Portfolio Benefits Management Framework
  • D. Portfolio Dashboard


Answer : C

How does portfolio management support effective corporate governance?

  • A. Portfolio management assesses whether the programmes and projects within the portfolio are necessary, sufficient, achievable and affordable
  • B. Portfolio management develops delivery capability across the organization
  • C. Portfolio management aligns performance and portfolio reporting in terms of timing and content
  • D. Portfolio management links delivery of the organization's strategic objectives with investment in change in a transparent way that enhances effective accountability


Answer : D

Which documents are key outputs of the portfolio definition cycle?

  • A. Portfolio Management Framework and Portfolio Delivery Plan
  • B. Portfolio Benefits Management Framework and Portfolio Benefits Realization Plan
  • C. Portfolio Strategy and Portfolio Resource Schedule
  • D. Portfolio Strategy and Portfolio Delivery Plan


Answer : D

What does portfolio management provide strategic planning with?

  • A. Analysis of the environment within which strategy is developed
  • B. Momentum and energy for strategy development based on effective delivery of change
  • C. Setting of strategic objectives and confirmation of any changes
  • D. Setting the context within which strategic planning operates


Answer : B

Which is an example of a performance metric that can be used to assess the impact of portfolio management?

  • A. Percentage of milestones being achieved during a projects life cycle compared with the planned milestones
  • B. The successful delivery of linked projects and transformation activities to achieve an intended outcome
  • C. Percentage increase in the number of customer complaints received during the implementation of a change initiative compared with the forecast level
  • D. Percentage of initiatives delivered on time and/or budget compared within initial forecasts


Answer : D

Which portfolio definition practice collates information from the portfolio definition cycle and creates a Portfolio Strategy?

  • A. Prioritize
  • B. Plan
  • C. Categorize
  • D. Balance


Answer : B

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Total 100 questions