Question 1

A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The sponsor has asked you to analyze the change and update the needed documents. You managed this change and are currently updating the Portfolio Management Plan. Which of the following are part of this update

Options :

A : Portfolio Organizational Structure

B : Communication and Performance Management

C : Stakeholder Engagement

D : All of the options

Answer: D

Question 2

You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. For this you start by developing the strategic plan. What output do you expect from this process?

Options :

A : Portfolio, Portfolio Strategic Plan

B : Portfolio, Portfolio Strategic Plan, Portfolio Reports

C : Portfolio, Portfolio Strategic Plan, Enterprise Environmental Factors updates

D : Portfolio Process Assets updates, Inventory Of Work, Portfolio, Portfolio Strategic Plan

Answer: A

Question 3

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?

Options :

A : Performing resource leveling, project sequencing techniques and dependency analysis

B :

Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT

analysis, Market/competitor analysis and business value analysis

C : Performing Status and trend analysis, Rebalancing methods, Investment choice tools, exposure chart

D : Performing Quantitative analysis and Sensitivity analysis

Answer: D

Question 4

Resources allocation and optimization for use is key to a successful portfolio. You have assigned human

resources, funds and other required assets to a component that you have initiated recently. What should have

been done prior to being able to to that?

Options :

A :

Managed Portfolio Value

B : Communicated the decision to all stakeholders

C : Prioritized the component

D : Authorized the component

Answer: D

Question 5

You have a portfolio component that is using earned value analysis. It is at the 15% point of completion, and it

is evident that it cannot be completed as planned. Adding resources will not solve the problem, and at the last

Portfolio Review Board meeting, the Board members decided to terminate this component based on its various

risks. They then decided the resources allocated to this component could be transferred to other portfolio

components 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