Understand How to Implement, Sustain and Measure Portfolio Management MOP-PRACTITIONER Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   A manufacturing company is starting a staged implementation of portfolio management. The portfolio office has just completed the first step, which was to 'establish the need for change.' What should be the immediate next step in the staged implementation?

   • AImplement portfolio management tools and software
   • BDevelop a detailed business case for portfolio management
   • CDefine the portfolio management governance framework
   • DGain senior management sponsorship and commitment
   Reveal Solution Discussion Select an answer first
2. 12expert · hard

   A portfolio office is in the middle of a staged implementation. They have completed the steps of establishing the need, gaining sponsorship, and developing the vision. The next step is to define the governance framework. However, the sponsor is pushing to skip this step and move directly to implementing processes to save time. What is the most appropriate response?

   • AImplement processes first and add governance later once the processes are proven
   • BExplain that the governance framework is essential to define decision rights and accountability before processes are implemented
   • CAgree to skip the governance framework to maintain sponsor support
   • DDelegate the governance framework definition to a single business unit
   Reveal Solution Discussion Select an answer first
4. 13expert · hard

   A portfolio office has been operating for three years. A recent maturity assessment showed that the organization is at a 'defined' level. However, the portfolio office is concerned that progress has stalled and that some business units are reverting to old habits. Which action is most likely to sustain progress?

   • ARotate portfolio management staff to bring in new perspectives
   • BIncrease the frequency of portfolio reviews to monthly
   • CReduce the scope of portfolio management to focus only on the largest projects
   • DIntroduce a formal benefits realization process to track and communicate the value delivered by the portfolio
   Reveal Solution Discussion Select an answer first
5. 14application · medium

   A startup company with fewer than 50 employees and a flat structure wants to implement portfolio management. The founders are concerned about overhead and want a lightweight approach. Which implementation approach is most appropriate?

   • ANo implementation, as portfolio management is only for large organizations
   • BA big-bang implementation across the entire company in one week
   • CA simplified implementation that focuses on the core principles of prioritization and resource allocation
   • DA full staged implementation with all seven steps, including extensive documentation
   Reveal Solution Discussion Select an answer first
6. 15application · medium

   A portfolio office wants to assess the maturity of its portfolio management. They have decided to use a maturity model. What is the primary benefit of using a maturity model?

   • AIt eliminates the need for stakeholder engagement
   • BIt guarantees that the organization will achieve the highest maturity level
   • CIt provides a financial valuation of the portfolio
   • DIt provides a structured framework to identify current capabilities and areas for improvement
   Reveal Solution Discussion Select an answer first