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1. How does portfolio management support effective corporate governance?
A) Provides a means by which the link between strategy and resource allocation can be maintained
B) Clarifies responsibility and accountability for making decisions on which programmes and projects will be funded
C) Ensures that the organization's change initiatives represent the optimal allocation of limited resources
D) Controls the major changes to business as usual
2. Which is a portfolio definition practice?
A) Governance alignment
B) Resource management
C) Reference class forecasting
D) Understand
3. Which is a portfolio definition practice?
A) Benefits management
B) Categorize
C) Multi-criteria analysis
D) Strategy alignment
4. Which statement describes the relationship between portfolio management and business as usual (BAU) in terms of delivering strategic objectives?
A) Portfolio management controls the major changes to BAU; BAU realizes benefits when major changes are successfully implemented
B) Portfolio management runs the business; BAU changes the business
C) Portfolio management realizes benefits when major changes are successfully implemented; BAU controls the major changes delivered by portfolio management
D) Portfolio management realizes benefits when major changes are successfully implemented; BAU realizes benefits from tactical improvements
5. Which of the following refers to the 'one version of the truth' technique?
A) Specifying points at which reviews of initiatives are linked to funding release
B) Referring variances beyond control limit from plan to the portfolio governance body
C) Deriving forecasts of costs, duration and benefits of an initiative from similar previous projects
D) Reporting via a documented route and schedule
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: D |
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