Being a portfolio manager, you realize that defining value differs among organizations based on the type of organization and its strategic goals and objectives. However, you know a value measurement framework is helpful as it:

1. A. Compares expected value across components
2. B. Shows value in terms of tangible benefits
3. C. Indicates how to best weight and score a component to authorize it
4. D. Sets a baseline for a component's expected value

Correct Answer: A

Assume you are responsible for portfolio management in your organization. You are responsible for managing the value of the portfolio and for recommending changes to your Portfolio Review Board to enhance its value. To do so, you monitor benefits, interdependencies between components, changes, and responsibilities and accountabilities as stated in the:

1. A. Portfolio charter
2. B. Portfolio management plan
3. C. Portfolio performance plan
4. D. Portfolio strategic plan

Correct Answer: B

You work in a fairly small company where the PMO helps in providing oversight to support the portfolio management. In such organization, where are the PMO structure, responsibilities, and implementation approach documented?

1. A. Portfolio Oversight section in Portfolio Management Plan
2. B. Communication Management Plan
3. C. Governance Model section in Portfolio Management Plan
4. D. Strategic Management Plan

Correct Answer: A

The governance board has an integral part in the realization of the portfolio strategic value. In your opinion as a portfolio manager, Governance board decisions are based on

1. A. Information given by the portfolio manager
2. B. Portfolio Strategic Alignment
3. C. Portfolio Process Assets
4. D. Portfolio reports

Correct Answer: D

The Scenario Analysis is used twice as a tool and technique, once while developing the charter and another time while managing Supply and Demand (It also exists as part of the quantitative and qualitative analysis as part of the optimize Portfolio process). When it comes to Manage Supply and Demand, which of the following represents a correct description of the Scenario Analysis?

1. A. All of the Options
2. B. Helps differentiate between the resources capability and capacity
3. C. Helps determine various possibilities of resource allocations and the impact to component schedules
4. D. Enables decision makers to create a variety of portfolio scenarios using different combinations of both potential components and current components

Correct Answer: C