Understand the Terms and Concepts Relating to the Portfolio Definition Cycle MOP-PRACTITIONER Practice Questions (Page 5)

Questions 21–25

1. 21expert · hard

   A hospital trust has prioritized 15 initiatives. The top 5 initiatives alone consume 90% of the available budget, leaving almost nothing for the remaining 10, which include two mandatory safety-compliance projects. The board insists the compliance projects must proceed. What should the portfolio office do in the balance practice?

   • AMove directly to the plan practice and document the budget shortfall
   • BDrop the two compliance projects because they ranked lowest in the MCA
   • CKeep the top 5 as planned and defer all 10 lower-ranked initiatives
   • DRe-balance the portfolio by reducing the scope or phasing some of the top 5 initiatives to free budget for the mandatory compliance projects
   Reveal Solution Discussion Select an answer first
2. 22foundation · easy

   What is a key feature of decision conferencing?

   • AIt is a one-on-one interview technique to gather individual opinions
   • BIt brings together key stakeholders in a facilitated workshop to reach a shared understanding and commitment
   • CIt is a method for collecting anonymous feedback via surveys
   • DIt is a software tool that automatically makes decisions without human input
   Reveal Solution Discussion Select an answer first
4. 23expert · hard

   A university is prioritizing 20 research initiatives. The portfolio office has run a multi-criteria analysis, but two senior professors strongly disagree with the resulting ranking, claiming the criteria weights do not reflect the university's values. The vice-chancellor wants a process that both produces a ranking and builds genuine ownership of the decision among the academics. What should the portfolio office do?

   • ARe-run the MCA with equal weights for all criteria to remove the disagreement
   • BReplace MCA with three point estimating to rank the initiatives by expected research impact
   • CIgnore the professors' objections and present the original MCA ranking to the board
   • DRun a decision conference where the academics agree the criteria weights and review the MCA results together
   Reveal Solution Discussion Select an answer first
5. 24application · medium

   A construction firm is evaluating a major new port development. Historical data shows that similar port projects in the region have typically run 30% over budget and 18 months late. The finance director wants the portfolio's cost and schedule estimates to reflect this historical reality rather than optimistic assumptions. Which estimating approach should the portfolio office use?

   • AThree point estimating with best, likely, and worst case figures from the project team
   • BDriver-based strategic contribution analysis to score the port's strategic value
   • CDecision conferencing to get the board to agree a contingency percentage
   • DReference class forecasting based on the actual outcomes of comparable port projects
   Reveal Solution Discussion Select an answer first
6. 25application · medium

   A charity has a portfolio of 40 projects but staff cannot explain how their day-to-day work contributes to the charity's mission. The CEO wants every project in the portfolio to be traceable from the mission statement down to individual project objectives. Which approach should the portfolio office adopt?

   • AThree point estimating for every project to improve delivery confidence
   • BMulti-criteria analysis to rank projects by cost and risk
   • CDecision conferencing to agree the charity's mission statement
   • DClear line of sight planning, mapping each project to a strategic theme and objective
   Reveal Solution Discussion Select an answer first