The portfolio management information system (PMIS) is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage systems to support a successful portfolio. Which of the following is a trait of a PMIS?

1. A. Recording Stakeholder opinion
2. B. Archiving legal data
3. C. All of the options
4. D. Learning hub

Correct Answer: B

You are mid-way through your portfolio and you are approaching a major milestone where multiple components will be authorized for execution and implementation. For informed decision making, as a portfolio manager, you will be communicating reports that will be viewed and analyzed, and used as critical information for taking a decision for the authorization of components. After passing through the authorization process, multiple reports are generated and others are updated. What type of reports is generated from this process?

1. A. Performance
2. B. Resources
3. C. Value
4. D. Resources, Assets and governance decisions

Correct Answer: D

While managing portfolio communications, the portfolio manager needs to account for the communication needs of the component teams in order for them to stay in the loop of the big picture. Which of the following can be of interest to this group of stakeholders?

1. A. To know about the portfolio changes, risks and issues that may affect their components
2. B. To be informed regularly of the portfolio progress so they can adjust their work accordingly
3. C. To be informed of all portfolio changes so they can assess which changes affect their components
4. D. To know about the portfolio changes, risks and issues that may affect their components, and to do interdependency management in order to cover any dependent component's issues

Correct Answer: A

You have been managing multiple portfolios in your company for the past two decades and all deliveries were successful. A new portfolio manager is struggling and came to you for advice on the portfolio process groups. He knows that portfolio process groups are the base of portfolio management. While you explain to him about them, you told him that portfolio process groups are independent of

1. A. Business and Strategic Objectives
2. B. Application Areas and Industry Focus
3. C. Budget
4. D. Human Resources

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. You know that managing risk is key to success and you are coaching your team on the same. You are currently in the process of identifying and analyzing risk, in addition to developing risk responses and monitoring and controlling risk. Which documents can help you achieve this?

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

Correct Answer: C