A public sector body has completed the understand, categorize, prioritize, and balance practices. The portfolio is now achievable within capacity. The portfolio office needs to document how the portfolio will be delivered, including key milestones, dependencies, and how it will be monitored. What should they do in the plan practice?

Begin delivering the highest-priority initiative immediately

Hold a decision conference to re-confirm the portfolio's strategic alignment

Re-run the multi-criteria analysis to confirm the ranking is still correct

Produce a portfolio delivery plan covering schedules, dependencies, resource allocation, and review points

What is a primary use of decision conferencing in portfolio definition?

To build consensus on the prioritization of initiatives

To automate the calculation of net present value for each initiative

To replace the need for any further analysis in the portfolio definition cycle

To collect data from a large number of stakeholders via online surveys

What is a key to success in the 'prioritize' practice of the portfolio definition cycle?

Giving all initiatives equal priority to avoid conflict

Using a consistent and transparent scoring model to rank initiatives

Excluding all high-risk initiatives from the portfolio

Prioritizing initiatives based on the order they were submitted

What is a key to success in the 'categorize' practice of the portfolio definition cycle?

Categorizing initiatives based on the personal preferences of senior managers

Creating as many categories as possible to capture every detail

Avoiding any categorization to keep the process simple

Using consistent and meaningful categories that reflect the organization's strategy

What is involved in the 'balance' practice of the portfolio definition cycle?

Developing a detailed project schedule for each initiative

Conducting a post-implementation review of completed projects

Adjusting the mix of initiatives to achieve the desired balance of risk and reward

Identifying the stakeholders for each initiative

MoP Practitioner

Domain 5Objective 2

Understand the Terms and Concepts Relating to the Portfolio Definition Cycle MOP-PRACTITIONER Practice Questions (Page 2)

Part of the Portfolio definition cycle domain, which makes up ~23% of our current practice bank.

41questions here

9free pages

11concepts

11 Concepts in This Objective

Outcomes of a well-functioning portfolio definition cycle
Three point estimating and reference class forecasting
Driver-based strategic contribution analysis
Multi-criteria analysis
Decision conferencing
Clear line of sight planning
Understand practice: involvement and keys to success
Categorize practice: involvement and keys to success
Prioritize practice: involvement and keys to success
Balance practice: involvement and keys to success
Plan practice: involvement and keys to success

Questions 6–10

6application · medium
A public sector body has completed the understand, categorize, prioritize, and balance practices. The portfolio is now achievable within capacity. The portfolio office needs to document how the portfolio will be delivered, including key milestones, dependencies, and how it will be monitored. What should they do in the plan practice?
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7foundation · easy
What is a primary use of decision conferencing in portfolio definition?
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8foundation · easy
What is a key to success in the 'prioritize' practice of the portfolio definition cycle?
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9foundation · easy
What is a key to success in the 'categorize' practice of the portfolio definition cycle?
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10foundation · easy
What is involved in the 'balance' practice of the portfolio definition cycle?
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