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NEW QUESTION # 67
Working to manage portfolio value is a continuous task. In doing so, as the portfolio manager, you review the monthly and any ad hoc reports submitted by component managers. This month you saw there was an excellent opportunity for major cost savings in two components in the top five on the portfolio list; however, to realize this cost reduction, these components require resources to be reallocated from other components in progress for six months. These forecasts then:
Answer: B
Explanation:
In theStandard for Portfolio Management, the Portfolio Manager is responsible for identifying opportunities to optimize value, but they do not have the unilateral authority to reallocate significant resources that disrupt other active components. This falls under the domain ofPortfolio GovernanceandValue Management.
The rationale forOption Dis as follows:
Governance Authority:ThePortfolio Review Board (PRB)is the governing body authorized to make decisions regarding the prioritization, termination, or resource shifting of portfolio components. Since the proposed reallocation affects "other components in progress" for a duration of six months, it constitutes a significant change to the portfolio's baseline and must be approved at the governance level.
Balancing Value and Risk:While the cost savings in the top five components represent an "excellent opportunity," the Portfolio Manager must present this as a recommendation. The PRB must weigh theBenefit Realizationof the cost savings against the potential risks and delays caused to the "other components" from which resources are being taken.
Strategic Realignment:Reallocating resources for a six-month period is a strategic decision. It changes thePortfolio Roadmapand resource capacity plan. The Portfolio Manager provides the analysis and the
"forecast," but the PRB makes the final "Go/No-Go" decision to ensure the move aligns with the overall organizational strategy.
Why the other options are incorrect:
Option A (Independent estimators):While verification is a good practice for complex estimates, it is a technical step in the analysis phase. It does not address the fundamental requirement for a governance decision to move resources between components.
Option B (Validation by the CFO):The CFO is a key member of the PRB, but the decision is a collective governance function. Validation of thefinancialsby the CFO staff is a supporting activity, whereas therecommendationfor the shift must go to the full Board for a holistic decision.
Option C (Earned Value analysis):EVM is a monitoring tool used to track performance against a baseline.
While EVM data might be used tojustifythe recommendation, ensuring that all components use the same reporting method is a standardized process that should already be in place; it isn't the primary next step when a major reallocation opportunity is found.
NEW QUESTION # 68
A portfolio manager has a controversial recommendation for the portfolio and expects the steering committee to be divided about it. To most effectively achieve alignment among the steering committee members, how should the portfolio manager proceed?
Answer: B
NEW QUESTION # 69
An organization's senior management team approves new portfolio management processes, but the portfolio manager observes that compliance with the processes is inconsistent. Additionally, information from stakeholders is either incomplete or of poor quality.
Which action should the portfolio manager take?
Answer: B
NEW QUESTION # 70
Risk is inherent in all activities and managing risk is critical to a successful portfolio. Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. When it comes to Portfolio management, which of the following is a risk concern?
Answer: C
Explanation:
Explanation
Risk concerns for portfolio management generally involve reporting, data accuracy, portfolio component risk information availability, the quality of portfolio data, the risks that threaten the link between organizational strategy and the portfolio, as well as those risk concerns of the executive and operations management
NEW QUESTION # 71
Which of the following are the output of "Develop Portfolio"? (Choose two.)
Answer: B,C
NEW QUESTION # 72
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