Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. When it comes to managing portfolio risks, which of the following activities is used

1. A. Risk Response
2. B. Risk Assessment and Risk Response
3. C. Risk Planning
4. D. Risk Assessment

Correct Answer: B

You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. What you use to perform this?

1. A. Elicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis
2. B. Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
3. C. Elicitation techniques, Capability & Capacity Analysis, PMIS
4. D. Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative Analysis

Correct Answer: D

You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The Portfolio Roadmap is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Roadmap purpose and focus?

1. A. High-level prioritization mapping of the portfolio
2. B. Corresponds to the means to the ??to-be?? vision
3. C. Can be used to influence the portfolio??s success
4. D. Forecasts how and when the portfolio will deliver value to the organization

Correct Answer: A

You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the below helps in optimizing the supply and demand?

1. A. Minimize both the unused capacity and the unmet demands
2. B. Maximize both the unused capacity and the unmet demands
3. C. Maximize the unused capacity and minimize the unmet demands
4. D. Minimize the unused capacity and maximize the unmet demands

Correct Answer: B

Assume you are a member of your company's Portfolio Review Board. Your Board meets quarterly to determine which new components to undertake and selects them even if it means the portfolio then will require rebalancing. As you consider the proposed business case for a component and assess the suggestions of the other Board members, a key factor is:

1. A. The depth of the proposal in terms of identification of key benefits
2. B. Total available resources
3. C. Overall stakeholder interest
4. D. Component feasibility studies

Correct Answer: B