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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Communications Management | 15% | - Distribute information and manage engagement - Develop communication strategy and plan - Monitor and improve communication effectiveness - Identify and analyze stakeholders |
| Topic 2: Portfolio Risk Management | 15% | - Monitor aggregate risk exposure - Develop risk management plan - Develop and implement risk responses - Identify and analyze portfolio risks |
| Topic 3: Portfolio Performance | 25% | - Manage portfolio value and benefits realization - Establish key performance indicators - Develop performance management plan - Conduct portfolio reviews and assessments |
| Topic 4: Governance | 20% | - Define governance roles and responsibilities - Ensure compliance with policies and standards - Establish portfolio management information system - Oversee component authorization and approval |
| Topic 5: Strategic Alignment | 25% | - Develop and maintain portfolio strategic plan - Develop portfolio charter - Prioritize portfolio components based on strategic value - Define portfolio goals and objectives - Manage strategic change |
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NEW QUESTION # 382
Moving from project management to program management and now being appointed as the first portfolio manager in your cyber warfare company, you know you always wondered what happened to the various reports you had to prepare, and the metrics you had to collect. You are working now to determine critical metrics for portfolio management and decided to involve as many people as possible through questionnaires and surveys. You also held some focus groups.
The purpose is to:
Answer: D
NEW QUESTION # 383
Working to prepare the portfolio performance management plan, assume you have been involving others in the process to help secure their later support of the plan. You also reviewed historical information and other artifacts. Not to be overlooked is a/an:
Answer: C
NEW QUESTION # 384
After a strategic change is managed and finalized, you as a portfolio manager, are expected to document changes to the portfolio components attributes. Which of the following is the document in which you document these changes?
Answer: D
Explanation:
Explanation
Portfolio components and their attributes are part of the portfolio itself. Portfolios include a list of components with attributes: costs, time, resources, velocity of the component's completion, relationships, ranking criteria, priorities, dependencies, goals , organization area, rationale for the Add/Remove components decision, portfolio component budget and resource approvals or exceptions, etc.
NEW QUESTION # 385
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you are developing a robust performance management plan. What can you use to help you start developing this plan?
Answer: B
Explanation:
According to the Standard for Portfolio Management (PMI), the process of Developing the Portfolio Performance Management Plan identifies how the portfolio's effectiveness and strategic alignment will be measured, monitored, and reported. This is a planning process that occurs early in the management cycle.
The correct set of inputs for developing this specific plan includes:
Portfolio Management Plan (PMP): As the overarching document, the PMP provides the initial context and other subsidiary plans (like the Communication Management Plan) that inform how performance should be tracked.
Organizational Process Assets (OPAs): These are critical for governmental portfolios as they contain the organization's existing performance measurement frameworks, standardized metrics (KPIs/KRIs), reporting templates, and historical data from previous infrastructure portfolios.
Portfolio Reports: These provide the current state of the portfolio components. To build a plan for future performance management, you must analyze the existing reports to identify gaps in data, current progress, and how information is currently flowing from projects/programs to the portfolio level.
Enterprise Environmental Factors (EEFs): In a governmental context with a "strict budgeting framework" and
"large number of stakeholders/public," EEFs are vital. They include government regulations, public policy, economic conditions, and the specific governance oversight requirements that dictate how performance must be transparently shared.
Why other options are incorrect:
Options A and B: These include Portfolio Process Assets. Portfolio Process Assets are generally outputs of the planning process or specific to the current portfolio's execution (like a risk register). While similar to OPAs, the standard lists OPAs and EEFs as the primary environmental inputs for establishing a new performance management plan.
Option C: Missing Organizational Process Assets. Without the organization's existing templates and historical performance metrics, a Portfolio Manager would be "reinventing the wheel" rather than aligning with established governmental standards.
By utilizing the inputs in Option D, the Portfolio Manager ensures that the performance plan is not only robust but also compliant with the high-transparency requirements of a public-facing governmental portfolio.
NEW QUESTION # 386
As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Stakeholder matrix is one of the prepared documents, what does it include?
Answer: D
NEW QUESTION # 387
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