While performing the manage supply and demand process, one of your sub-portfolio managers came to you asking advice on how to analyze intangible assets such as resources knowledge or skills based on the metrics defined. What should be your advice to him?

1. A. You should tell him to use the qualitative metrics defined in the performance management plan in order to measure the intangible aspect
2. B. He can then use the number of full-time equivalents in order to quantify them when possible
3. C. You should tell him to ignore the intangible aspects as they are not as important as tangible ones which will help in decision making
4. D. You should advice him to use quantitative analysis in order to quantify the intangible aspects and be able to measure them
5. E. You should tell him that metrics are only defined to measure tangible aspects; intangible measurements should be based on assumptions

Correct Answer: A

While the Governance Board has a variety of significant roles in portfolio management, especially in terms of the recommendations it makes, c they involve:

1. A. Interdependencies between components
2. B. Resolution of issues and risks
3. C. Portfolio balancing and prioritization
4. D. Resource reallocation

Correct Answer: D

Assume you are managing your city's portfolio, and its overall strategic goal is to promote economic development to attract more visitors to the city. It is a difficult challenge as the city is not a major metropolitan area and also is not a preferred winter or summer destination. Nonetheless, you are planning and allocating resources according to the city's strategy. Not to be overlooked as you do so is the need to:

1. A. Obtain support from your key stakeholders
2. B. Determine a communication strategy to explain your approach
3. C. Maximize return considering the city's risk tolerance
4. D. Continually update the portfolio inventory

Correct Answer: C

You are managing a portfolio linked to multiple business units and you set clear roles and responsibilities from the beginning to avoid delays and to enhance the decision making process. An unanticipated issue occurred last week, which relates to one of your team
members missing to check the market fluctuating currency. In which of the following documents should you look to know which member was responsible of this?

1. A. Strategic Plan
2. B. Governance Model
3. C. Risk Register
4. D. Risk Roles & Responsibilities

Correct Answer: B

A junior Portfolio manager has come to you for advice. He is hearing a lot about the focus of portfolio management practices, however, he is not sure anymore of the exact answer. What do you, as an experienced portfolio manager tell him?

1. A. Portfolio is undertaken to produce deliverables that support specific organizational objectives
2. B. Portfolio is undertaken to achieve one or more organizational strategies and objectives
3. C. Portfolio is undertaken to achieve benefits
4. D. Portfolio is undertaken to handle operational daily activities

Correct Answer: B