Know Facts, Terms and Concepts Relating to an Overview of Portfolio Management MOP-FOUNDATION Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   A portfolio office is designing its operating model. They have defined the principles (e.g., senior management commitment), the cycles (definition and delivery), and the practices (e.g., prioritizing, benefits management). A new team member asks how these elements fit together. What is the most accurate description of their relationship?

   • ACycles define the principles, and practices define the cycles.
   • BPractices and techniques are independent of the cycles and can be used in any order.
   • CPrinciples guide the cycles, within which the practices and techniques are applied.
   • DPrinciples are optional guidelines, while cycles and practices are mandatory processes.
   Reveal Solution Discussion Select an answer first
2. 12foundation · easy

   Which of the following best describes a portfolio?

   • AThe ongoing day-to-day activities that produce the same product or provide a repetitive service
   • BA group of related projects managed in a coordinated way to obtain benefits not available from managing them individually
   • CA temporary endeavor undertaken to create a unique product, service, or result
   • DA collection of projects, programs, and operational work managed together to achieve strategic objectives
   Reveal Solution Discussion Select an answer first
4. 13foundation · easy

   Which of the following is a portfolio definition practice?

   • ABenefits management
   • BResource management
   • CRisk management
   • DPrioritizing
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5. 14foundation · easy

   Which of the following is a portfolio delivery practice?

   • APlanning
   • BStakeholder engagement
   • CPrioritizing
   • DBalancing
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6. 15expert · hard

   A portfolio team is struggling with prioritization. They have 20 initiatives, but the scoring model they use gives equal weight to all criteria, resulting in many ties. The strategic plan emphasizes cost reduction over revenue growth. What is the best way to improve the prioritization process?

   • AAdd more criteria to the scoring model.
   • BUse a scoring model with weighted criteria that reflect strategic priorities.
   • CRemove the scoring model and rely on expert judgment.
   • DPrioritize based on the order in which initiatives were proposed.
   Reveal Solution Discussion Select an answer first