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Question 1: Which of the following is a consequence of the portfolio definition cycle being managed well?
A. Resources are re-allocated when required resulting in the portfolio remaining strategically aligned
B. The portfolio governance body makes informed decisions on the composition of the portfolio
C. Initiatives will be started without considering their fit with the current portfolio
D. Resources, risks and dependencies will be efficiently and effectively managed
Correct Answer: C
6. Which of the following are main elements of the risk management practice?
1.Implementing standards which apply to all change initiatives 2.Collaborative working to facilitate
compliance with organizational standards 3.An effective escalation process 4.Champion-challenger
model
A. 1,2,3
B. 1,2,4
C. 1,3,4
D. 2,3,4
Correct Answer: A
7. Which is NOT a 'key to success' of an energized change culture?
A. A learning organization in which lessons learned are captured, disseminated and acted upon
B. Collaborative working including adapting the reward and recognition systems to reflect and
encourage desired corporate behaviours
C. A Portfolio Office that is appropriately skilled with an agreed mandate
D. Role descriptions clearly link personal objectives with strategic objectives
Correct Answer: C
8. What role is responsible for monitoring portfolio progress and resolving issues that may
compromise delivery and benefits realization?
A. Portfolio Benefits Manager
B. Portfolio Direction Group
C. Portfolio Progress Group
D. Portfolio Manager
Correct Answer: C
9. How does portfolio management support effective corporate governance?
A. Controls the major changes to business as usual
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. Provides a means by which the link between strategy and resource allocation can be maintained
Correct Answer: D
10. Which is one of the 5 portfolio management principles?
A. Portfolio delivery
B. Governance alignment
C. Categorize
D. Management by exception
Correct Answer: B
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