Be Able to Apply and Tailor the Recommended Approaches Taken to Implementing, Sustaining and Measuring Portfolio Management to a Scenario MOP-PRACTITIONER Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   Which of the following is the best evidence that portfolio management is having a positive impact?

   • AA decrease in the number of projects in the portfolio
   • BImproved alignment of the portfolio with strategic objectives
   • CA higher budget for the portfolio office
   • DAn increase in the number of meetings held
   Reveal Solution Discussion Select an answer first
2. 17application · medium

   A public sector organization is implementing portfolio management. The finance department currently allocates budgets annually by department, and the strategy team produces a five-year plan that is rarely referenced. HR manages workforce planning separately. The portfolio office wants to ensure that portfolio decisions are aligned with strategic priorities and available funding. What should the portfolio office do first?

   • ARedesign the strategy plan to match the current annual budget cycle.
   • BImplement a new portfolio management software tool to automatically consolidate all project data.
   • CAsk the finance department to create a separate budget for portfolio management activities.
   • DEstablish a cross-functional working group with finance, strategy, and HR to agree on a common set of portfolio criteria and a single source of data.
   Reveal Solution Discussion Select an answer first
4. 18application · medium

   A retail company with a decentralized structure is introducing portfolio management. Each business unit currently runs its own projects and has a local management board. The company wants to ensure that portfolio decisions are made at the right level without creating excessive bureaucracy. Which governance design is most appropriate?

   • AAllow each business unit to continue making all decisions independently, with no central oversight.
   • BEstablish a federated governance model with local boards approving smaller projects and a central board overseeing strategic initiatives and cross-unit dependencies.
   • CAppoint a single portfolio director with authority to make all investment decisions.
   • DCreate a single central portfolio board that approves all projects across the company.
   Reveal Solution Discussion Select an answer first
5. 19foundation · easy

   Which of the following actions best supports the long-term sustainability of portfolio management?

   • ALimiting communication about portfolio management to a small group
   • BProviding ongoing training and development for portfolio practitioners
   • CKeeping the portfolio management process unchanged to avoid disruption
   • DDiscontinuing the portfolio management office once the initial implementation is complete
   Reveal Solution Discussion Select an answer first
6. 20application · medium

   A technology company successfully implemented portfolio management two years ago. Initial enthusiasm has faded, and some business units are reverting to old habits of running projects without formal portfolio oversight. The portfolio office wants to sustain the progress. Which strategy is most likely to re-energize and embed the practices?

   • ACelebrate and communicate the successes achieved through portfolio management, and involve business unit leaders in reviewing and improving the process.
   • BRe-launch the portfolio management process with a mandatory training program for all staff.
   • COutsource the portfolio management office to an external provider to ensure consistency.
   • DIncrease the frequency of portfolio reporting to keep the process visible.
   Reveal Solution Discussion Select an answer first