Two functional managers within your portfolio are arguing about one scarce resource, and each one is claiming that the resource should be assigned to them. What should you do as a portfolio manager in order to solve this issue?

1. A. Perform a capacity and capability analysis and tender the recommendation on resource allocation to the governance board
2. B. Sit with the two functional managers privately and let them agree on a solution
3. C. Perform a capacity and capability analysis in order to allocate the scarce resource
4. D. Do prioritization analysis and allocate the resource accordingly

Correct Answer: D

You are managing a portfolio linked to multiple business units and you set clear accountabilities from the beginning to avoid delays and to enhance the decision making process. Roles and Responsibilities are recorded in multiple portfolio documents. Where are the portfolio component managers roles and responsibilities stored?

1. A. Specifically the Communication Management Plan
2. B. Strategic Plan
3. C. Portfolio Management Plan
4. D. Portfolio Process Assets

Correct Answer: C

As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Communication Calendar is one of the prepared documents, what does it include?

1. A. Intended recipients, communication vehicles, frequency and communication areas
2. B. Stakeholders roles, interests, expectations and groups
3. C. Stakeholders quadrants showing the level of interest and influence
4. D. Representation of all of the communication for the portfolio and their frequency over a period of time

Correct Answer: D

Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently determining if, when, what, and how of implementing the change in order to re-align the portfolio. What are you currently doing?

1. A. Gap Analysis
2. B. Readiness Assessment
3. C. Change Analysis Stakeholder Analysis

Correct Answer: B

Assume you recently took a seminar on portfolio management, and after you returned, you made the business case for it to the President of your consulting firm, recognizing the need to improve the capture ratio of responses to Requests for Proposals. You have been asked to implement portfolio management and recognize that you need to develop orientation and training sessions on it so everyone in the firm realizes why it is essential to pursue. To do so, the best approach is to:

1. A. Have the training vendor from the seminar you attended submit a proposal to develop several training approaches
2. B. Develop the courses yourself working with the vendor's materials plus other books and standards on portfolio management
3. C. Work with the human resources department and have an instructional design person develop the courses
4. D. Ask the PMO to develop and deliver the courses

Correct Answer: D