Know Facts, Terms and Concepts Relating to the Business Justification for Implementing a P3O. Specifically to Recall: P3O-FOUNDATION Practice Questions (Page 1)

Questions 1–5

1. 1application · medium

   A media company's P3O is reviewing the annual portfolio. The CEO wants to ensure that the company is investing in initiatives that will achieve its 5-year strategic goal of becoming the market leader in digital content. Which piece of information should the P3O provide to the CEO to support this review?

   • AA report showing the contribution of each proposed initiative to the 5-year strategic goal
   • BA detailed resource plan for the next 12 months for all projects
   • CA list of all projects that have exceeded their budget in the past year
   • DA summary of the project management methodology being used by each delivery team
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2. 2foundation · easy

   What is a primary purpose of the business change governance support provided by a P3O?

   • ATo enable effective decision-making and oversight of business change
   • BTo eliminate the need for senior management involvement in change
   • CTo directly manage the delivery of all change initiatives
   • DTo ensure that all change initiatives are funded equally
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4. 3application · medium

   A technology company has a portfolio of 50 projects. A review shows that 40 of these projects are small enhancements to existing products, while only 5 directly support the company's stated goal of entering a new market. The P3O is asked to help the company 'do the right projects.' What is the most important action for the P3O to take?

   • ACreate a new reporting template for all projects to track their budget variance
   • BFacilitate a prioritization workshop with senior leadership to rank projects against strategic objectives
   • CRecommend cancelling all projects that are not directly related to the new market entry
   • DProvide additional project managers to the five market-entry projects to speed up their delivery
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5. 4foundation · easy

   Which of the following is an element of business change governance support that a P3O provides to enable effective decision-making and oversight?

   • AProviding assurance that programmes and projects align with strategic objectives
   • BExecuting the day-to-day tasks of individual projects
   • CGuaranteeing that all projects will be delivered on time and within budget
   • DReplacing the role of the project board in making investment decisions
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6. 5application · medium

   A utility company has a portfolio of projects that are all strategically aligned. However, the P3O has noticed that projects are frequently late because they compete for the same limited pool of specialist engineers. What is the most effective way for the P3O to help the company 'do projects right'?

   • ACreating a new project status report template
   • BFacilitating a resource planning process to level demand across the portfolio
   • CRe-prioritizing the portfolio to focus only on the most strategically important projects
   • DRecommending that the company hire more specialist engineers immediately
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