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| Section | Weight | Objectives |
|---|---|---|
| Portfolio Risk Management | 25% | |
| Governance | 25% | |
| Strategic Alignment | 25% | |
| Portfolio Performance | 25% |
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NEW QUESTION # 50
Along the course of the portfolio, you will be monitoring and controlling the portfolio a.long with the related stakeholders and governance bodies. This is done as part of your role in portfolio oversight. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Provide Portfolio Oversight Process?
Answer: D
Explanation:
Explanation
The purpose of the Provide Portfolio Oversight process is to monitor the portfolio to ensure alignment with organizational strategy and objectives and make governance decisions
NEW QUESTION # 51
You have been asked to manage a major portfolio in order to salvage the company and and re-align it with the strategic objectives and goals. You decided to develop the strategic documents and are currently developing the charter. As a portfolio manager, which of the following would be your answer when asked of the purpose for the development of portfolio charter?
Answer: A
Explanation:
According to the Standard for Portfolio Management (PMI), the Portfolio Charter is the formal document that authorizes the portfolio manager to apply organizational resources to portfolio activities. It is the primary output of the Develop Portfolio Charter process.
Execute portfolio management processes (Option A): This is the fundamental purpose of the charter. The charter provides the portfolio manager with the formal authority to execute the portfolio management processes required to achieve the strategic objectives. It bridges the gap between high-level organizational strategy and the functional management of the portfolio. Without this formal authorization, the portfolio manager lacks the mandate to implement governance, risk management, or resource allocation processes across the company.
Strategic Alignment: The charter links the portfolio to the organization's strategic plan, ensuring that the portfolio manager has the power to align components with the goals intended to "salvage the company." Why other options are incorrect based on the Standard:
B). Authorize portfolio components: This is a result of the Governance and Authorization processes (specifically the Provide Portfolio Oversight process). The Charter authorizes the Portfolio Manager and the Portfolio itself, but individual projects/programs (components) are authorized later through the governance cycle.
C). Start the development of Portfolio Management plan: While the Charter is an input to the Portfolio Management Plan, its primary purpose is authorization of power and processes, not just a "start" trigger for documentation.
D). Develop portfolio structure: Portfolio structure (categories, sub-portfolios) is typically defined during the Define Portfolio and Strategic Plan phases. The Charter confirms the authority over that structure rather than developing it.
In summary, the Portfolio Charter is the "constitutional" document that gives the Portfolio Manager the "right to act" and execute the processes necessary to bring the company back into strategic alignment.
NEW QUESTION # 52
While your organization maintains a decision register after each meeting of the Portfolio Review Board, this register only notes decisions that are made when a component is added to the portfolio or if the Board terminates a component. If the component is terminated, the reason for the termination is not listed. Also if a proposed component is not approved, the reason is not listed. It is evident this register is lacking in its usefulness, which means it requires updating as it is:
Answer: B
NEW QUESTION # 53
Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the portfolio aligned with stakeholders expectations. What is the process for soliciting requirements called?
Answer: A
NEW QUESTION # 54
Stakeholders have complained to you that they are receiving redundant information and they prefer that you fix the issue promptly as it is time consuming for them. What is your best course of action?
Answer: A
Explanation:
Explanation
In Portfolio Communication, some redundancy is intentional to ensure reaching multiple types of recipients or when intended recipients have varied preferences for receiving information
NEW QUESTION # 55
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