Question 1

Resources allocation and optimization for use is key to a successful portfolio. You have assigned human

resources, funds and other required assets to a component that you have initiated recently. What should have

been done prior to being able to to that?

Options :

A :

Managed Portfolio Value

B : Communicated the decision to all stakeholders

C : Prioritized the component

D : Authorized the component

Answer: D

Question 2

A portfolio manager needs to continuously balance the need and requirements with the available resources to

maintain a balanced portfolio and portfolio resources in order to optimize delivery, in addition to managing

communication, risk, etc. For this you develop a robust Portfolio Management Plan. Which of the below is not

a part of this plan?

Options :

A : Change Control and Management

B :

Portfolio Communication Management Plan

C : Portfolio Strategic Plan

D : Portfolio Performance Management Plan

Answer: C

Question 3

Throughout the course of the portfolio lifecycle, components are initiated, terminated and updated. In order to be initiated, portfolio components receive go/no-go decisions during governance meetings. During which process the go/no-go decisions are taken?

Options :

A : Review Meetings

B : Provide Portfolio Oversight

C : Authorize Portfolio

D : Manage Strategic Change

Answer: C

Question 4

Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. When it comes to managing portfolio risks, which of the following activities is used

Options :

A : Risk Response

B : Risk Assessment and Risk Response

C : Risk Planning

D : Risk Assessment

Answer: B

Question 5

Assume you are the portfolio manager for your pork producing company, the market leader in your country.

Over time, the industry has recovered from trichinosis as a risk. Your company has added new components to

its portfolio, and many have been to demonstrate to the public that its products are safe. It implemented the

Agriculture Department's and Food and Drug Administration's Hazard Analysis and Critical Control Point

(HACCP) regulations and is enhancing its image as 'the other white meat'. However, now the entire industry is

faced with a new epidemic known as porcine epidemic virus, which is affecting pigs in 22 different states, and

profits have decreased significantly. New components now must be added to the portfolio. This situation

shows:

Options :

A : Resource re-allocation is required

B : Risk management is essential

C :

The ROI of the new components must be determined

D :

Portfolio rebalancing has led to the new components being in the top five priority list

Answer: B

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