Understand Key Concepts Relating to the Overview, Principles of a P3O Model and Its Elements Including the Introduction to P3O. Specifically to Identify: P3O-PRACTITIONER Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   How do P3O services link with other aspects of corporate governance?

   • AThey replace the need for other corporate governance functions, such as audit and risk committees.
   • BThey operate in isolation from the organization's corporate governance framework.
   • CThey provide information and assurance that support the board's oversight of change initiatives and their alignment with corporate strategy.
   • DThey are only concerned with financial governance and do not support other aspects of corporate governance.
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2. 22application · medium

   A software company is scaling up its PPM capability. It currently has a single project office supporting all projects. As it grows, it wants to introduce a programme office for a new product development programme and a portfolio office at the corporate level. Which statement best describes the relationships between these elements?

   • AThe three offices operate independently with no need for integration or information sharing.
   • BThe portfolio office provides strategic direction and prioritization; the programme office coordinates the product development projects; the project office supports individual projects; they all share information and align with corporate strategy.
   • CThe portfolio office manages the day-to-day tasks of the project office; the programme office has no interaction with the project office.
   • DThe project office reports to the programme office, which reports to the portfolio office, which reports to the project office.
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4. 23application · medium

   A pharmaceutical company is establishing a programme office for a drug development programme. The programme manager wants to clarify the key functions of the programme office. Which list correctly identifies these functions?

   • APortfolio prioritization, resource balancing across all change, and strategic investment appraisal.
   • BSetting corporate strategy, approving the programme business case, and allocating funding.
   • CDetailed task scheduling for individual work packages, timesheet management, and team performance reviews.
   • DBenefits management, tranche planning, risk and issue management, and coordinating information across the programme's projects.
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5. 24application · medium

   A government agency is establishing a P3O. The audit committee wants to understand how the P3O will support governance and assurance. Which statement best describes this role?

   • AThe P3O makes all decisions about which projects to start, change, or stop.
   • BThe P3O manages the personal performance of all project and programme managers.
   • CThe P3O provides independent assurance and progress information to governance bodies, enabling them to make informed decisions about initiatives.
   • DThe P3O is responsible for setting the organization's risk appetite and corporate strategy.
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6. 25foundation · easy

   What is a governance responsibility of a P3O?

   • AManaging the day-to-day operations of the organization.
   • BDefining the organization's risk appetite.
   • CProviding assurance that change initiatives are aligned with organizational strategy and are being managed effectively.
   • DMaking all investment decisions for the organization.
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