Your CEO was fired because of a decline in the company's profits by the Board of Directors. They have now hired a new CEO, who plans to re-shape the portfolio and has changed the company's strategic goals and objectives. The new CEO will continue the existing product line of soap products that the company has manufactured for the past 50 years but now will manufacture new products to focus on the baby boomer generation as they retire but desire to maintain a youthful appearance. It also will offer other products to new high school and college graduates who want to appear older. As the portfolio manager you should:

1. A. Determine the overall impact to the portfolio performance
2. B. Determine investment requirements to move to these markets
3. C. Assess the competencies of the existing staff to support these new products
4. D. Evaluate whether the new products can be outsourced to reduce time to market

Correct Answer: A

Different stakeholders will have different portfolio reporting requirements. Sponsors for example will have a great interest in:

1. A. If the portfolio will meet organizational strategy
2. B. Status in achieving benefits
3. C. Overall portfolio value
4. D. Status in terms of other authorized components

Correct Answer: B

While managing the portfolio value, it is important to know the different roles of responsibilities and accountabilities for the actual benefits realization in order to be able to aggregate the correct value from different components; in which document are these roles and responsibilities mentioned?

1. A. Portfolio Process Assets
2. B. Portfolio Management Plan
3. C. Portfolio Strategic Plan
4. D. Portfolio Charter

Correct Answer: B

An urgent review meeting was set due to the discovery of multiple risks which can have drastic effects on the portfolio. As a result of the meeting, it was agreed to increase the portfolio budget and add more resources in order to manage the new risks. Which of the following documents needs to be updated as a result of this decision?

1. A. Portfolio Management Plan updates
2. B. Portfolio Reports
3. C. Portfolio updates
4. D. Portfolio Process Assets updates

Correct Answer: A

Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, change to reflect the portfolio new vision?

1. A. Portfolio Strategic Plan
2. B. Portfolio Management Plan
3. C. Communication Management Plan
4. D. Portfolio Roadmap

Correct Answer: A