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

Due to market technological changes, your company got impacted and was urged to revise its portfolios. You are currently revising your portfolio to determine the required changes in the component mix. Which of the following options helps in assessing the capability of the organization to undertake the portfolio with its new strategic direction, and what is needed to be done?

1. A. Interdependency Analysis
2. B. Readiness Assessment
3. C. Capability and Capacity Analysis
4. D. Gap Analysis

Correct Answer: B

Strategies are changing, the portfolio mix is changing, the portfolio is progressing and you are doing a great job optimizing the mix of components. What tools and techniques are you using in the case?

1. A. Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization
2. B. Integration of Subsidiary Plans, Organizational Structure Analysis, Elicitation techniques
3. C. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis, PMIS
4. D. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis

Correct Answer: D

You have been a successful program manager for many years in your State Department of Agriculture. During this time, you managed large programs, and some had major risks to mitigate especially in the information systems area as new software would be released that was commercially available, and you knew it would then enhance the benefits to your customers if you acquired it. You were the first in the Department to get your PfMP, and it led to a promotion to become the first portfolio manager. After a year in this position, you find managing risks and issues to be totally different because:

1. A. You must focus attention on external, political risks
2. B. You are concentrating more on long-term initiatives
3. C. Your focus is on determining the risk tolerances of stakeholders, both internal and external
4. D. You emphasize strategic fitness of the portfolio

Correct Answer: D

Resources allocation and optimization for use is key to a successful portfolio. You have assigned human resources, funds and other required assets to a component that you have initiated recently. What should have been done prior to being able to to that?

1. A. Managed Portfolio Value
2. B. Communicated the decision to all stakeholders
3. C. Prioritized the component
4. D. Authorized the component

Correct Answer: D