Know Facts, Terms and Concepts Relating to the Principles Upon Which Efficient and Effective Approaches to Portfolio Management Are Built MOP-FOUNDATION Practice Questions (Page 2)

Questions 6–8

1. 6expert · hard

   A portfolio manager is reviewing a portfolio that has a high number of initiatives, many of which are small and have overlapping objectives. The management team is spending a significant amount of time reviewing each initiative individually, and the portfolio is becoming difficult to manage. Which of the Five Principles is most directly being violated, and what is the best corrective action?

   • AViolation: Be aligned. Action: Remove all small initiatives from the portfolio.
   • BViolation: Be simple to apply. Action: Group related small initiatives into programs to reduce the number of items being managed.
   • CViolation: Be transparent. Action: Publish a detailed list of all initiatives to the organization.
   • DViolation: Be actively managed. Action: Increase the frequency of portfolio review meetings.
   Reveal Solution Discussion Select an answer first
2. 7application · easy

   A portfolio manager is implementing a new portfolio management process. The previous process was known for being overly complex, with multiple overlapping reports and a lengthy approval chain. The manager wants to ensure the new process is efficient and can be easily adopted by the project managers. Which of the Five Principles should guide the design of the new process?

   • ABe actively managed
   • BBe simple to apply
   • CBe aligned
   • DBe transparent
   Reveal Solution Discussion Select an answer first
3. 8application · medium

   A portfolio manager is designing the governance structure for a new portfolio. The organization has a history of projects being approved in silos, with no central oversight. The manager wants to ensure that all initiatives are visible to the leadership team and that decisions are made with a complete view of the portfolio. Which of the Five Principles is the manager primarily trying to establish?

   • ABe simple to apply
   • BBe transparent
   • CBe actively managed
   • DBe aligned
   Reveal Solution Discussion Select an answer first