Assume your food additive company performed a capacity analysis and found some resources had not maintained their skill sets and basically were not as productive as others in the company. Rather than have a massive reorganization, instead the executives decided to eliminate the jobs of these staff members, many of whom had been in the company for more than 20 years. Morale among the existing staff is low as people fear there will be more layoffs. Plus the government issued a new regulation that requires an additional Food and Drug Administration quality check before a new additive can be submitted for regulatory approval. One member of the executive team wants to acquire another company to enhance market share, and the existing plants in the Asia Pacific region require infrastructure upgrades. Given resource shortages, only one component can be selected to be added to the portfolio. The Board should select:

1. A. Component A—to enhance employee morale
2. B. Component B—to add staff to work with the FDA trained in quality management
3. C. Component C—to acquire the competitor to increase market share
4. D. Component D—to upgrade the AP's plant infrastructure

Correct Answer: B

Multiple communication methods are used by the portfolio manager in order to proactively convey messages and engage the stakeholders at the right time and in the right manner. Which tool is used to visually convey multiple messages at the same time?

1. A. Efficient Frontiers
2. B. Dashboards
3. C. Communication Calendar
4. D. Resource sheets

Correct Answer: B

You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. For this you start by developing the strategic plan. What output do you expect from this process?

1. A. Portfolio, Portfolio Strategic Plan
2. B. Portfolio, Portfolio Strategic Plan, Portfolio Reports
3. C. Portfolio, Portfolio Strategic Plan, Enterprise Environmental Factors updates
4. D. Portfolio Process Assets updates, Inventory Of Work, Portfolio, Portfolio Strategic Plan

Correct Answer: A

You are managing a highly technical portfolio and are already mid-way through the implementation. You know that the communication is key to success as all the involved parties and stakeholders have a high technical exposure and you should maintain their buy-in along the lifecycle. Part of your activities is to collaborate with stakeholders to reach a common ground and to resolve conflicts. Which of the following is considered a collaboration technique?

1. A. Interview and observation survey techniques
2. B. All of the options
3. C. Focus groups and brainstorming activities
4. D. Polling input from a team as a consensus or majority vote

Correct Answer: D

The sponsor came to you asking for a high level timeline to depict the approach that you will take to execute this portfolio. What tools and techniques is useful in your case?

1. A. Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory
2. B. Gap Analysis, Readiness Assessment, Stakeholder Analysis
3. C. Scenario Analysis, Capability & Capacity Analysis
4. D. Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis

Correct Answer: D