Your organization is considered a leader in knowledge management and has a Chief Knowledge Officer reporting to the CEO. It also implemented portfolio management eight years ago. As the organization focuses on continuous improvement and transformational leadership, it had an external consultant review its portfolio artifacts and do some benchmarking. One of the consultant's recommendations was to update the portfolio risk management plan since the company is embracing new and complex technology in much of its work. In updating this plan, it was useful to:

1. A. Review lessons learned
2. B. Determine relevant confidence limits of risk metrics
3. C. Prioritize how risks are identified and listed in the risk register
4. D. Determine the time in which risks are likely to have the greatest impact

Correct Answer: A

While performing the manage supply and demand process, one of your sub-portfolio managers came to you asking advice on how to analyze intangible assets such as resources knowledge or skills based on the metrics defined. What should be your advice to him?

1. A. You should tell him to use the qualitative metrics defined in the performance management plan in order to measure the intangible aspect
2. B. He can then use the number of full-time equivalents in order to quantify them when possible
3. C. You should tell him to ignore the intangible aspects as they are not as important as tangible ones which will help in decision making
4. D. You should advice him to use quantitative analysis in order to quantify the intangible aspects and be able to measure them
5. E. You should tell him that metrics are only defined to measure tangible aspects; intangible measurements should be based on assumptions

Correct Answer: A

Which of the following depicts the use of the burn-down and burn-up charts?

1. A. All of the Options
2. B. They show the planned vs accrued Earned Value
3. C. They show the execution of the portfolio against the overall budget and time
4. D. They show the burned cost and time against planned ones

Correct Answer: C

A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. You are currently using it in the development of your charter. What is its purpose in this case?

1. A. Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components
2. B. It enables the organization to achieve maximum portfolio benefits given current resource constraints
3. C. To study the capability of resources, match them against the portfolio??s objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands
4. D. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio

Correct Answer: D

Manage supply and demand comes down to balancing the requirements with what is available. Resource requirements are a major input to the manage supply and demand process. Which of the following inputs to this process contains resource requirements?

1. A. Portfolio Process Assets (PPAs)
2. B. Portfolio
3. C. Portfolio Management plan
4. D. Portfolio Charter

Correct Answer: B