Understand the Terms and Concepts Relating to the Portfolio Definition Cycle MOP-FOUNDATION Practice Questions (Page 8)

Questions 36–40

1. 36application · medium

   A portfolio office is estimating the cost of a major infrastructure program. They have limited historical data from similar projects. To improve the reliability of their estimates, they decide to compare the program against a broad set of completed projects of similar scope and complexity from other organizations. Which estimating technique are they applying?

   • ADriver-based strategic contribution analysis
   • BThree point estimating
   • CReference class forecasting
   • DMulti-criteria analysis
   Reveal Solution Discussion Select an answer first
2. 37application · medium

   A retail company is assessing potential portfolio components. They want to understand how each component contributes to their key strategic drivers, such as customer satisfaction and market share. They also need to compare components that have different types of benefits. Which technique is most appropriate for this assessment?

   • ADriver-based strategic contribution analysis
   • BReference class forecasting
   • CDecision conferencing
   • DThree point estimating
   Reveal Solution Discussion Select an answer first
4. 38expert · hard

   A portfolio office is estimating the cost of a large IT transformation. They have limited internal data and are concerned about optimism bias. They decide to use three point estimating for each component and reference class forecasting for the overall program. Which statement best describes the combined use of these techniques?

   • AThree point estimating provides a range for each component, while reference class forecasting adjusts the overall estimate based on external benchmarks.
   • BReference class forecasting is used for individual components, while three point estimating is used for the overall program.
   • CBoth techniques are used to calculate the same estimate, and the results are averaged.
   • DThree point estimating is used to validate the reference class forecast, and the reference class forecast is used to set the budget.
   Reveal Solution Discussion Select an answer first
5. 39application · medium

   A healthcare organization wants to ensure that every project in its portfolio can be traced back to one or more of its strategic objectives. They want to avoid funding projects that do not contribute to the strategy. Which approach should they adopt?

   • AThree point estimating
   • BReference class forecasting
   • CDecision conferencing
   • DClear line of sight planning
   Reveal Solution Discussion Select an answer first
6. 40expert · hard

   A large financial services firm has a portfolio that is strategically aligned and well understood by stakeholders. However, the portfolio consistently fails to deliver expected benefits because projects are often delayed and resources are spread too thinly. The portfolio office believes the issue is in the portfolio definition cycle. Which combination of practices is most likely to address the problem?

   • AUnderstand and prioritize
   • BUnderstand and categorize
   • CPrioritize and categorize
   • DBalance and plan
   Reveal Solution Discussion Select an answer first