In your opinion as a portfolio manager, which of the following is considered one of the portfolio's concerns?

1. A. Determining how to balance components given the organization??s capacities and capabilities
2. B. Maximizing financial value of the portfolio
3. C. All of the options
4. D. Tailoring the fit of the portfolio to the organizational strategy and objectives

Correct Answer: C

Your goal as a portfolio manager is to develop a strong communications management plan to keep interested stakeholders informed about your progress in portfolio management. Although you have reached out to numerous stakeholders, you know other portfolio processes also can help in this process such as:

1. A. Strategy
2. B. Finance
3. C. Governance
4. D. Performance

Correct Answer: D

Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the portfolio aligned with stakeholders expectations. What is the process for soliciting requirements called?

1. A. Communication Requirements Analysis
2. B. Elicitation
3. C. Stakeholder Analysis
4. D. Communication Methods

Correct Answer: B

CORRECT TEXT
Assume your consulting company tried portfolio management in the past, but it was not embraced. Instead, people received bonuses if they were able to acquire new work regardless if it fit the company's strategic plan. However, the company was sold, and the new executive team asked you to be the portfolio manager. You explained it did not work in the past, but the new team has pointed

1. A. out while a lot of work was won competitively, much of it was for small dollar amounts, and resources are misallocate
2. B. The new approach is to focus on business value, which has as its goal to:
3. C. As chieve the greatest return on investment to the organizationB
4. D. aximize productivity and increase overall customer satisfaction
5. E. Deliver the maximum value aligned with strategic objectives
6. F. Focus on those opportunities that have the greatest likelihood of successful completion

Correct Answer: C

Assume you are the portfolio manager for a telecommunications company. Your company was about to launch a new and easy to use smart phone with more features than any existing phones on the market at a lower price. However, although the phone was due to market in five days, the Federal Communications Commission issued today a regulation that would make your new phone not available for use in airplanes. Thus additional work must be done, and your executives are wondering whether a new phone should be developed for this new feature. You are ensuring that if a new phone is developed, or if the almost completed product is not to be marketed, there is still alignment to the organization's strategy. As you complete an analysis of alternatives, you also should ensure results of the analysis are reflected in the:

1. A. Benefits realization plan
2. B. Portfolio process assets
3. C. Portfolio roadmap
4. D. Portfolio performance plan

Correct Answer: B