Understand the Principles Upon Which Efficient and Effective Approaches to Portfolio Management Are Built MOP-PRACTITIONER Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   Which of the following is a service typically provided by a Portfolio Office?

   • AManaging the day-to-day activities of individual projects
   • BConducting external audits of the organization's finances
   • CMaking final decisions on portfolio prioritization
   • DCoordinating portfolio-level reporting and information management
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2. 17application · medium

   A multinational company has established a Portfolio Office to support its portfolio management activities. The Portfolio Office is being asked to provide a range of services. Which service is most appropriately provided by a Portfolio Office rather than a programme or project office?

   • AProducing the project plan for a major infrastructure project.
   • BAllocating resources to individual project tasks on a weekly basis.
   • CCoordinating the delivery of a specific programme's work packages.
   • DDeveloping and maintaining the organization's portfolio management framework and processes.
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4. 18expert · medium

   A portfolio manager is leading a transformation programme. The organization has a culture of blame, where failures are punished. The portfolio manager wants to foster an energized change culture. Which action is most likely to help?

   • ACommunicate the transformation vision more frequently.
   • BFocus on delivering quick wins to demonstrate success.
   • CImplement a strict performance management system to hold people accountable.
   • DEncourage experimentation and treat failures as learning opportunities.
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5. 19application · medium

   A public sector organization has a portfolio of IT and infrastructure projects. The organization's strategy is described in broad terms such as 'improve citizen services' and 'increase efficiency', but there are no quantified strategic measures. The portfolio management team needs to prioritize projects. What is the most effective approach?

   • ADefer prioritization until the organization develops quantified strategic measures.
   • BPrioritize projects based on their estimated cost savings, as efficiency is the primary strategic theme.
   • CAsk each project manager to self-assess how their project contributes to the strategy and prioritize accordingly.
   • DUse a scoring model based on strategic themes, with criteria defined collaboratively by senior managers, to rank projects.
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6. 20foundation · easy

   Which of the following is a source of organizational energy?

   • AA hierarchical decision-making structure
   • BA focus on maintaining the status quo
   • CA compelling vision and clear strategic direction
   • DA detailed set of rules and regulations
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