Task 3 PFMP Practice Questions (Page 5)

Questions 21–25

1. 21application · easy

   A healthcare organization's strategic objective is 'improve patient outcomes through integrated care.' The portfolio includes: a new electronic health record (EHR) system, a patient portal, a staff training program, and a new parking garage. Which component is least aligned with the strategic objective?

   • AStaff training program
   • BPatient portal
   • CNew electronic health record (EHR) system
   • DNew parking garage
   Reveal Solution Discussion Select an answer first
2. 22application · medium

   A portfolio manager is reviewing the portfolio after a major strategic shift. The company's new strategy is to 'divest non-core businesses and focus on core competencies.' The portfolio includes several projects that support non-core businesses. What should the portfolio manager do?

   • AAsk the project managers to find new strategic objectives for their projects.
   • BKeep the non-core projects because they are already in progress and have sunk costs.
   • CWait for the projects to complete before making any changes to avoid disruption.
   • DRecommend the removal or deferral of projects that support non-core businesses, and reallocate resources to core-focused projects.
   Reveal Solution Discussion Select an answer first
4. 23foundation · easy

   What is the goal of optimizing the portfolio composition to maximize strategic alignment?

   • ATo eliminate all components that carry any level of risk.
   • BTo select the mix of components that best achieves the organization's strategic objectives within available resources.
   • CTo ensure every component has an equal budget allocation.
   • DTo include as many components as possible in the portfolio.
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   Which of the following is an example of reporting on portfolio alignment with strategic goals?

   • ASending a weekly status report of individual project tasks.
   • BPublishing the organization's annual financial statements.
   • CProviding a dashboard that shows how each component contributes to strategic objectives.
   • DDocumenting lessons learned from completed projects.
   Reveal Solution Discussion Select an answer first
6. 25expert · hard

   A portfolio manager is optimizing a portfolio that includes a project with high strategic alignment but also high technical risk. Another project has medium alignment but low risk and a quick win. The organization has a low risk appetite and needs to show short-term results to stakeholders. What should the portfolio manager do?

   • ADefer both projects until the risk profile of the high-alignment project is fully understood.
   • BSelect only the high-alignment project because strategic alignment is the most important criterion.
   • CSelect only the quick-win project because it will show results and reduce risk.
   • DInclude both projects, but phase the high-risk project to manage risk while delivering the quick win.
   Reveal Solution Discussion Select an answer first