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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Communications Management | 15% | - Identify and analyze stakeholders - Monitor and improve communication effectiveness - Develop communication strategy and plan - Distribute information and manage engagement |
| Topic 2: Strategic Alignment | 25% | - Manage strategic change - Develop portfolio charter - Define portfolio goals and objectives - Prioritize portfolio components based on strategic value - Develop and maintain portfolio strategic plan |
| Topic 3: Governance | 20% | - Define governance roles and responsibilities - Establish portfolio management information system - Ensure compliance with policies and standards - Oversee component authorization and approval |
| Topic 4: Portfolio Performance | 25% | - Manage portfolio value and benefits realization - Establish key performance indicators - Conduct portfolio reviews and assessments - Develop performance management plan |
| Topic 5: Portfolio Risk Management | 15% | - Develop risk management plan - Develop and implement risk responses - Monitor aggregate risk exposure - Identify and analyze portfolio risks |
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NEW QUESTION # 158
In managing strategic change, the portfolio manager performs stakeholder analysis in order to consider the changing requirements. Which of the following options is referenced in this case to provide guidance on the communication required to ensure successful change?
Answer: B
NEW QUESTION # 159
A portfolio manager is having a status meeting with the various program managers within the portfolio. One of the program managers mentions a new risk that may impact a deliverable. While it has a low probability, the risk would nearly double the program's costs and affect the overall portfolio if it occurred.
The best course of action for the portfolio manager to take is to:
Answer: C
NEW QUESTION # 160
Assume you are the portfolio manager for your HVAC (Heating, Ventilating, and Air Conditioning) company, one of the largest in the world. Preparing for a meeting with the Portfolio Governance Committee, you have been reviewing the success of components that have been completed as well as the progress of current portfolio components. In many cases people who only purchased heating units in the northern part of the country, and people who purchased only air conditioners in the south, now are buying state-of the art products to easily switch as needed. You found the risks of climate change led to the need for these new energy efficient products and did so by:
Answer: A
Explanation:
In theStandard for Portfolio Management, the ability to adapt to external environmental shifts is a core competency of thePortfolio Strategic ManagementandPortfolio Risk Managementdomains. To identify how a broad, long-term phenomenon like climate change is affecting consumer behavior and product demand, the Portfolio Manager must look beyond individual project data and examine patterns over time.
The rationale forOption Dis as follows:
Identifying Market Shifts:Trend analysisis a mathematical technique that uses historical results to predict future outcomes based on established patterns. By analyzing sales data over several seasons, the Portfolio Manager can see the "trend" of northern customers buying cooling units and southern customers buying heating units. This data confirms that climate change is not a one-time anomaly but a sustained shift in the business environment.
Forecasting and Strategic Alignment:Trend analysis allows the HVAC company to move from a reactive state to a proactive one. By recognizing the trend toward state-of-the-art, energy-efficient products, the Portfolio Manager can ensure that the portfolio'sInvestment Choicesare aligned with future market needs rather than outdated historical demands.
Risk and Opportunity Identification:In a portfolio context, trends act as early warning signals. A downward trend in traditional unit sales combined with an upward trend in "switchable" units indicates a strategic risk to the old product line and a major opportunity for the new energy-efficient line, necessitating a re-prioritization of the portfolio components.
Why the other options are incorrect:
Option A (Sensitivity analysis):This "what-if" technique is used to determine how changes in one variable (like a price increase) affect an outcome. It is used for modeling specific risks, not for identifying long-term environmental or market shifts like climate change.
Option B (Ranking and scoring techniques):These are tools used during theCategorizationandPrioritizationof components. They help decide which project is more importantafterthe need for the project (identified via trend analysis) has already been established.
Option C (Investment choices):This is theresultof the analysis, not the technique used to find the risk. Once the trend analysis confirms the impact of climate change, the Governance Committee will make different investment choices.
NEW QUESTION # 161
The sponsor came to you asking for a high level timeline to depict the approach that you will take to execute this portfolio. What tools and techniques is useful in your case?
Answer: B
Explanation:
Explanation
You are in the Define Roadmap process. The answer to this question is Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis
NEW QUESTION # 162
Companies adopt project, program and portfolio management practices to enable the realization of business value and the achievement of strategies and objectives. In order to advance the organizational capability and facilitate the alignment of these practices, the company should (choose the best answer)
Answer: C
NEW QUESTION # 163
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