Understand the Principles Upon Which Efficient and Effective Approaches to Portfolio Management Are Built MOP-FOUNDATION Practice Questions (Page 6)

Questions 26–30

1. 26foundation · easy

   Which issue is important to consider when designing an effective portfolio governance structure?

   • AClearly defining the roles, responsibilities, and decision rights of all parties involved in portfolio management.
   • BEliminating all forms of risk from the portfolio.
   • CGuaranteeing that all projects have identical budgets and timelines.
   • DEnsuring that all projects are managed by the same project manager.
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2. 27foundation · easy

   Which factor is a source of organizational energy?

   • AA detailed set of rules and regulations.
   • BA compelling vision that inspires and motivates people.
   • CA stable and unchanging environment.
   • DA focus on individual performance targets.
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4. 28foundation · easy

   How does a Portfolio Office differ from a programme or project office?

   • AA Portfolio Office focuses on the whole portfolio, while a programme or project office focuses on a single programme or project.
   • BA Portfolio Office is always larger than a programme or project office.
   • CA Portfolio Office is responsible for delivering projects, while a programme office is not.
   • DA Portfolio Office only exists in large organizations, while a project office can exist in any organization.
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5. 29application · medium

   A public sector organization is establishing a portfolio management approach. The Portfolio Office has been asked to produce a dashboard showing progress against strategic objectives. However, the senior management team is not yet convinced of the value of portfolio management and has not allocated time for regular reviews. Which combination of actions would best embed portfolio management in the organization?

   • ASchedule regular portfolio review meetings with senior management and use the dashboard to inform decisions
   • BAsk senior managers to sponsor individual programmes and report progress at monthly meetings
   • CDelegate portfolio review decisions to the Portfolio Office to avoid burdening senior managers
   • DHave the Portfolio Office publish the dashboard and wait for senior managers to request reviews
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6. 30foundation · easy

   Which approach is useful for achieving strategic alignment when strategic measures are unclear?

   • AAvoiding any form of prioritization until measures are defined.
   • BRelying on the project managers to decide which projects are most strategic.
   • CUsing strategic themes as a basis for categorizing and prioritizing initiatives.
   • DSelecting initiatives based solely on their expected cost.
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