The company's management is not happy with the bared risk for the expected Portfolio value return and has reached a subject matter expert to try to re-align the risk level with the management expectations. The expert stated that it is preferable to diversify the portfolio components in order to get more results. In that case, you

1. A. Disagree with the expert because the company should have came to you before reaching an outside-party
2. B. Disagree with the expert because diversification will bring more complexity, thus more risks
3. C. Agree with the expert because he is the expert and you should abide by his recommendations
4. D. Agree with the expert because diversification in a portfolio may allow for the same portfolio expected return with reduced risk

Correct Answer: D

Assuming a portfolio manager position means one has more stakeholders than in program, project, or operational roles. The goal is to identify all interested stakeholders but often overlooked are:

1. A. Consumer groups
2. B. Alliances
3. C. Associations
4. D. External resource providers

Correct Answer: D

You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. You started with developing the plan that will be used as guideline for the component plans to manage risks at their level. What are the outputs of this plan?

1. A. Portfolio Management Plan updates, Portfolio updates, Portfolio Reports, Enterprise Environmental Factors updates
2. B. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates
3. C. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Reports, Enterprise Environmental Factors updates
4. D. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates, Portfolio updates

Correct Answer: B

The portfolio undergoes a lot of changes through the portfolio life cycle, and the state of the portfolio changes on the go. Some components are terminated, other are added and initiated. When it comes to the authorize portfolio process, which of the following represents the state of the portfolio

1. A. List of current components that need to be weighted, scored and ranked
2. B. List of selected and balanced components
3. C. List of strategically aligned portfolio components without the need for them to be balanced
4. D. List of selected, balanced and authorized components ready to be initiated

Correct Answer: B

You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. The Portfolio Process Assets are important and referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Process Assets purpose and focus?

1. A. Forecasts how and when the portfolio will deliver value to the organization
2. B. High-level prioritization mapping of the portfolio
3. C. Can be used to influence the portfolio??s success
4. D. Corresponds to the means to the ??to-be?? vision

Correct Answer: C