One of the key stakeholders came to you asking you to add more metrics because she thinks that it would give the portfolio management a better view of the actual progress. For her the more metrics you have the better. What should your opinion be regarding this?

1. A. You should agree as having more metrics is better and because you do not want to say no to a key stakeholder
2. B. You should agree, as having more metrics is better
3. C. You should disagree and communicate a clear message to the stakeholder that it does not matter how many metrics you have as long as you can fully report the progress
4. D. You should disagree and escalate this to the governance board

Correct Answer: C

Obviously resources are more than people and include physical resources and those at the organizational level, such as the knowledge management system, helpful in portfolio management in terms of competitive intelligence. However, since most organizations operate with scarce resources, it is necessary to apply these scarce resources to support the highest ranked items in the portfolio and not to fund a proposed component unless resources are available to support it. Therefore, it is useful to determine at a collective level whether or not resources will create value greater than the cost of creating it. A portfolio report can focus on:

1. A. Allocation of resources according to a Responsible, Accountable, Consulted, Inform (RACI) chart
2. B. The need for drum resources and buffers to plan for their use at key times
3. C. Capability and capacity
4. D. Costs to acquire resources with needed knowledge, skills, and competencies

Correct Answer: C

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

One of your components within the portfolio has been struggling and has undertaken a lot of issues. A recent measurement has shown that its CPI is 0.4 and SPI is 0.3. What is the best course of action you should take as a portfolio manager

1. A. Escalate the issue to the Portfolio steering committee
2. B. Immediately terminate the component
3. C. Request that the component governance board checks this component and takes a decision on whether to continue or terminate it
4. D. Notify the sponsor of the component about the issue

Correct Answer: C

It is critical in portfolio management to focus on 'doing the right work'. This means stakeholder expectations and effective management of these expectations are essential. The primary conduit between the component managers and the other portfolio stakeholders is the:

1. A. Program or project sponsor
2. B. Portfolio manager
3. C. Chairperson of the Portfolio Review Board
4. D. Secretary of the Portfolio Review Board

Correct Answer: B