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Question 1

Which of the following statements about how a P3O should integrate with the wider organization are true?1. Operates independently of other functions within the organization2. Typically relies on dedicated full-time resources to provide financial functions needed

Options :

A : Only 1 is true

B : Only 2 is true

C : Both 1 and 2 are true

D : Neither 1 or 2 is true

Answer: D

Question 2

What is insufficient support to utilise or recruit required skills' in relation to implementing a P3O?

Options :

A : Common barrier to agreeing a mandate

B : Underlying success factor

C : Source of a threat to achieving the Blueprint

D : Principle for extracting value from programme and project investment

Answer: C

Question 3

What is the definition of a portfolio?

Options :

A : The way the business normally achieves its objectives

B : Implementation of related projects to deliver benefits related to the organization's strategic objectives

C : Totality of an organization's investment in the changes required to achieve its strategic objectives

D : Collection of strategic processes that enable the balance of organizational change and business as usual

Answer: C

Question 4

Which is an underlying success factor for a Virtual P3O model?

Options :

A : Good Heads of Hub Portfolio Offices are available

B : Standards continue to be developed by monitoring external best practice

C : Current culture and approaches are challenged

D : P3O costs are seen as an unnecessary overhead

Answer: B

Question 5

What is a portfolio, programme and project management standards office?

Options :

A : Organization Portfolio

B : Hub Portfolio

C : Programme

D : COE

Answer: D