Understand the Terms and Concepts Relating to the Portfolio Delivery Cycle MOP-PRACTITIONER Practice Questions (Page 6)

Questions 26–30

1. 26application · medium

   A portfolio manager is introducing a new prioritization model that will change which initiatives receive funding. Some senior stakeholders are resistant because they fear their pet projects will be cut. What should the portfolio manager do to increase the likelihood of successful adoption?

   • AEngage stakeholders early, communicate the rationale, and address concerns
   • BOnly involve stakeholders who support the change
   • CKeep the model confidential until it is fully operational
   • DImplement the model immediately and deal with resistance later
   Reveal Solution Discussion Select an answer first
2. 27application · medium

   A portfolio office has established tolerances for each change initiative covering cost, schedule, and benefits. The portfolio manager wants to avoid reviewing every routine status report and instead focus attention only on initiatives that breach these tolerances. Which approach should the portfolio manager adopt?

   • AManagement by exception
   • BOne version of the truth
   • CClear line of sight reporting
   • DStaged release of funding
   Reveal Solution Discussion Select an answer first
4. 28application · medium

   A portfolio manager needs to ensure that the total cost of the portfolio remains within the agreed budget while individual initiatives are funded in stages. Which practice should be used to monitor and control overall portfolio expenditure?

   • ARisk management practice
   • BBenefits management practice
   • CFinancial management practice
   • DStakeholder engagement practice
   Reveal Solution Discussion Select an answer first
5. 29foundation · easy

   Why is one version of the truth important in portfolio delivery?

   • AIt allows each department to maintain its own set of portfolio figures.
   • BIt ensures that all stakeholders make decisions based on consistent and reliable information.
   • CIt eliminates the need for any reporting in the portfolio.
   • DIt guarantees that all projects will be successful.
   Reveal Solution Discussion Select an answer first
6. 30expert · hard

   A portfolio has several initiatives that depend on the same external vendor for delivery. The vendor has a poor track record of meeting deadlines, and this has caused delays in the past. The portfolio manager wants to reduce the impact of this dependency. Which approach is most effective?

   • AIgnore the dependency and hope the vendor improves
   • BAdd a large buffer to all initiative schedules
   • CDevelop a contingency plan and engage with the vendor to improve performance
   • DRemove the dependency by switching vendors immediately
   Reveal Solution Discussion Select an answer first