The Monitor Portfolio Value process, while ongoing, has proved to be successful as you work to implement portfolio management. Within six months, you were able to show the usefulness of a simple scoring model to the Oversight Group, and they requested a more sophisticated approach in which weights could be assigned to criteria. This shows:

1. A. An acceptance of portfolio management in the organization
2. B. The usefulness of the portfolio roadmap
3. C. A link between using scoring models and benefits analysis
4. D. The importance of documenting lessons learned

Correct Answer: D

You want to ensure that the Portfolio Review Board is able to make key decisions at each meeting. As the portfolio manager, you and your staff are responsible for scheduling the meetings, providing the agenda, taking minutes, tracking open issues, and documenting and communicating decisions that are made to key stakeholders. Before each meeting, you feel it is a best practice to:

1. A. Evaluate if the benefits of the portfolio are aligned with organizational strategy
2. B. Provide information about the status of each component of the portfolio
3. C. Use a balanced scorecard approach to show contribution to strategy
4. D. Provide a 'traffic light' approach to show components by category

Correct Answer: A

Assume you completed your portfolio performance management plan, and it was approved by the Oversight Committee. This plan, with an overall purpose to maximize portfolio performance, describes resource allocation and resource-related issues among other items. In it a key component is benefits realization. This emphasis on benefits planning provides:

1. A. Examples for templates for benefits realization planning
2. B. Methods to evaluate the expected net benefits
3. C. An approach focusing on continuous improvement in overall performance
4. D. Methods to assist in benefit identification

Correct Answer: B

ecause your company's Portfolio Review Board consists of the Directors of its five business units and is chaired by the CEO, the meetings tend to be contentious as there is limited funding available to authorize all the proposed programs and projects. Dissension also is the norm if resources are reallocated from one business unit to another. As a result, the CEO:

1. A. Strives to use consensus to make decisions, but this approach rarely is effective
2. B. Decided to use an outside facilitator when meetings are held
3. C. Uses multi-voting and makes the final decision
4. D. Often uses a Delphi approach

Correct Answer: B

You are the manager for a governmental portfolio aiming to restructure the roads in your
country. Having a large number of stakeholders including the public, you know that you will be managing the communication closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust communication management plan. What is expected to be found in this plan?

1. A. Organization areas and organization structure
2. B. Introduction (goals, objectives, strategies, and tactics)
3. C. Communication objectives
4. D. Portfolio structure including a listing of the various portfolio components and other work

Correct Answer: C