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NEW QUESTION 256
You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The portfolio roadmap is used abundantly as an input to 7 processes. When it comes to managing portfolio value, how is the portfolio roadmap used?
- A. Dependencies shown at the roadmap level have positive impacts on the value realized
- B. It is not used in managing the portfolio value
- C. Dependencies shown at the roadmap level have negative impacts on the value realized
- D. Delays in delivery of portfolio component results may adversely affect the value derived from the portfolio
Answer: D
NEW QUESTION 257
The PMO in your company is newly established and one of its first results was allowing the portfolios to use a new communication method to disseminate the information faster. With relation to your portfolio, where should this new communication be stored?
- A. Portfolio Process Assets updates
- B. PMO Management Plan
- C. Portfolio Reports
- D. Portfolio Management Plan updates
Answer: D
NEW QUESTION 258
Performance reporting is important in a program and usually, the portfolio manager aggregates performance information from the portfolio components in order to present the related reports. Which of the following measures can be used in performance reporting?
- A. CPI and SPI
- B. Earned Value
- C. Cost Sunk
- D. All the options
Answer: D
NEW QUESTION 259
As part of the Portfolio Communication, the Portfolio Manager analyzes the raw data assimilated from the portfolio process assets and from the stakeholder analysis. This analysis aims to isolate the data that hold value to the receiving audience. Which tool can the portfolio manager use to help him in performing this analysis?
- A. Elicitation
- B. Communication Requirements Analysis
- C. Stakeholder Analysis
- D. Communication Methods
Answer: B
Explanation:
Explanation
Data gathered in the Manage Portfolio Information process often begins as raw data or information without full context. Some of this data may be from external research specifically for market comparative analysis.
With the communication requirements analysis technique, the data and information are analyzed to separate the data that hold value to the receiving audience
NEW QUESTION 260
In a portfolio, data is an abundant asset, and managing the information aiming for a a better decision making is critical. For this you use a variety of Quantitative and Qualitative analysis methods. These methods are performed in 4 of the portfolio management processes and serve a slightly different purpose in each and every one of them. Considering that you are currently working to ensure resource capacity is optimally allocated against resource requirements or demand based on known organizational priorities and potential value, how can you make use of the quantitative and qualitative analysis?
- A. Performing resource leveling, project sequencing techniques and dependency analysis
- B. Performing Status and trend analysis, Re-balancing methods, Investment choice tools, exposure charts
- C. Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT analysis, Market/competitor analysis and business value analysis
- D. Performing Quantitative analysis and Sensitivity analysis
Answer: A
Explanation:
Explanation
This is an important question as it target two concepts. The manage supply and demand process has the goal of ensuring resource capacity is optimally allocated against resource requirements or demand based on known organizational priorities and potential value (SPM V3 Page 92). We now know where we are at and we know that the quantitative and qualitative analysis is a tool and technique in this process. When it comes to the manage supply and demand process, the quantitative and qualitative analysis methods used are resource leveling, project sequencing techniques and dependency analysis
NEW QUESTION 261
Management practices are leveraged by organizational resources and as a portfolio manager, you realize that the correct management of supply and demand with relation to organizational resources is crucial to the success of a portfolio. Which of the following is not an organizational resource?
- A. None of the options
- B. Funds
- C. Program and project managers
- D. Assets
Answer: A
NEW QUESTION 262
By setting up portfolio categories and using a pair-wise comparison approach to rank components, as the portfolio manager, you feel that you are finally setting up and getting people to follow standard portfolio practices. Since portfolio management still is relatively new, progress is under way. As some components are added, and others are not continued, you are making sure if a component is terminated that it does not have dependencies with others in the portfolio. You need to then:
- A. Inform all stakeholders
- B. Update the roadmap
- C. Upgrade to a more detailed scoring model that includes dependencies with components
- D. Revise the ranking model
Answer: B
NEW QUESTION 263
In a portfolio, data is an abundant asset, and managing the information aiming for a a better decision making is critical. For this you use a variety of Quantitative and Qualitative analysis methods. These methods are performed in 4 of the portfolio management processes and serve a slightly different purpose in each and every one of them. Considering that you are currently performing risk assessment and handling risk responses, how can you make use of the quantitative and qualitative analysis?
- A. Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT analysis, Market/competitor analysis and business value analysis
- B. Performing Quantitative analysis and Sensitivity analysis
- C. Performing resource leveling, project sequencing techniques and dependency analysis
- D. Performing Status and trend analysis, Rebalancing methods, Investment choice tools, exposure charts
Answer: B
Explanation:
Explanation
The scenario targets managing risk (SPM V3 Page 121 - Figure 8-2). When it comes to the manage portfolio risk process, the quantitative and qualitative analysis methods used are Quantitative analysis and Sensitivity analysis
NEW QUESTION 264
While managing the portfolio value, it is important to know the different roles of responsibilities and accountabilities for the actual benefits realization in order to be able to aggregate the correct value from different components; in which document are these roles and responsibilities mentioned?
- A. Portfolio Management Plan
- B. Portfolio Strategic Plan
- C. Portfolio Charter
- D. Portfolio Process Assets
Answer: A
NEW QUESTION 265
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. For this you maintain a risk register. The risk register is used throughout the portfolio life cycle in order to track and manage risks. It is continually updated throughout the portfolio life cycle. As a portfolio manager, you know that the risk register includes all of the following except
- A. List of potential responses
- B. Person who Identified the risk
- C. Probability Impact Assessment
- D. Updated risk categories
Answer: B
NEW QUESTION 266
What can you tell about the following portfolio status, having CPI weight = 80% and SPI weight = 20% Larger image
- A. Work is not preforming well but within range
- B. Work is not performing well and outside of range
- C. Work is progressing as planned and within range
- D. Work is progressing as planned but outside range
Answer: C
NEW QUESTION 267
One of the ten underlying principles of portfolio management involves a strategic focus. Assume you are going to have a short meeting with your CEO tomorrow, and you want to succinctly describe it. You will tell the CEO it is important since it:
- A. Balances conflicting demands
- B. Includes processes and change initiatives to accomplish organizational strategies
- C. Provides a clear basis for decision making
- D. Emphasizes the need for portfolio management to attain strategic objectives
Answer: B
NEW QUESTION 268
You are currently creating portfolio scenarios (what-if analysis) by reviewing components against prioritization criteria and using analysis techniques (e.g., options analysis, risk analysis, SWOT analysis, financial analysis). You are doing this in order to
- A. Provide a guiding framework to operationalize the organizational strategic goals and objectives
- B. Evaluate and select viable options
- C. Create a basis for decision making
- D. Understand the strategic priorities
Answer: B
Explanation:
Explanation
You are in the "Develop Portfolio Strategic Plan" process and in particularly performing the prioritization analysis (SPM V3 Page 45 - 4.1.2.3) As per the Portfolio Management Professional Exam Content Outline, you Create portfolio scenarios (what-if analysis) by reviewing components against prioritization criteria and using analysis techniques (e.g., options analysis, risk analysis, SWOT analysis, financial analysis) in order to evaluate and select viable options
NEW QUESTION 269
While aggregating data from component reports in order to present the portfolio status to the governance board on an upcoming review meeting, which of the following is the most important thing to do?
- A. Disseminating the status to related stakeholders mentioned in communication management plan before the review meeting
- B. Perform Communication Requirements Analysis
- C. Disseminating the status to all stakeholders before the review meeting
- D. Updating the portfolio communication management plan
Answer: B
NEW QUESTION 270
Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently aggregating value delivered by the portfolio components. What outputs do you expect to get out of this?
- A. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates, Portfolio Strategic Plan updates
- B. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates, Portfolio Component Reports updates
- C. Portfolio Reports, Portfolio Management Plan updates, Portfolio Process Assets updates
- D. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates
Answer: C
NEW QUESTION 271
Your team members were having a discussion about the contents of the Portfolio Charter and they came to you for advice because they could not agree on a common answer. What would be your advice to them?
- A. Scope and timelines, all success criteria and justification
- B. Portfolio structure, scenario analysis, capability and capacity analysis
- C. Scenario analysis, capability and capacity analysis
- D. High-level scope and high-level timelines, critical success criteria and justification
Answer: D
NEW QUESTION 272
Assume it was your suggestion to the executive team as the newly appointed Chief Financial Officer for your organization to implement portfolio management. While someone has been identified to be the portfolio manager, you are developing the charter and the structure. In doing so, guidance is provided by the:
- A. Portfolio roadmap
- B. Plans, policies, and documentation of stakeholder expectations
- C. Organization's strategic plan
- D. Portfolio strategic plan
Answer: D
NEW QUESTION 273
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