Understand the Terms and Concepts Relating to the Portfolio Definition Cycle MOP-FOUNDATION Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   What is a key feature of reference class forecasting?

   • AIt is only applicable to IT projects.
   • BIt relies solely on expert judgment without any external data.
   • CIt focuses on the most optimistic scenario to encourage innovation.
   • DIt uses estimates from similar past projects to improve forecast accuracy.
   Reveal Solution Discussion Select an answer first
2. 22application · medium

   A portfolio team is prioritizing components. They have used driver-based strategic contribution analysis and multi-criteria analysis to score each component. However, they are concerned that the scoring may be biased because some stakeholders have strong opinions. What should they do to improve the reliability of the prioritization?

   • AUse a facilitated workshop to discuss and validate the scores
   • BAssign higher weights to criteria favored by senior stakeholders
   • CRemove the lowest-scoring components without discussion
   • DIgnore the scores and rely on intuition
   Reveal Solution Discussion Select an answer first
4. 23foundation · easy

   Which of the following is a key success factor for the 'plan' practice?

   • AInvolving the teams that will deliver the components in the planning process.
   • BPlanning only at a high level to save time.
   • CKeeping plans confidential to avoid stakeholder interference.
   • DCreating plans that are fixed and cannot be changed.
   Reveal Solution Discussion Select an answer first
5. 24application · medium

   A portfolio team must choose between several potential projects. They have defined a set of weighted criteria that include strategic fit, risk, and resource availability. Each project is scored against these criteria, and the scores are combined to produce an overall ranking. Which technique are they using?

   • ADriver-based strategic contribution analysis
   • BDecision conferencing
   • CReference class forecasting
   • DMulti-criteria analysis
   Reveal Solution Discussion Select an answer first
6. 25foundation · easy

   What is the primary purpose of using three point estimating in portfolio definition?

   • ATo replace detailed planning with a quick estimate.
   • BTo ensure all estimates are based on historical data.
   • CTo account for uncertainty by considering optimistic, most likely, and pessimistic estimates.
   • DTo provide a single, most likely estimate for each component.
   Reveal Solution Discussion Select an answer first