The Strategic Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Strategic Plan purpose and focus?

1. A. Articulates the options, preferences, and factors that will be considered in a specific portfolio
2. B. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio
3. C. Identifies recipients for information associated with the portfolio management process
4. D. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components

Correct Answer: A

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. You are currently in the middle of developing the strategic plan and require the following inputs

1. A. Organizational Strategy & Objectives, Enterprise Environmental Factors, Roadmap
2. B. Organizational Strategy & Objectives, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets, Inventory Of Work
3. C. Organizational Strategy & Objectives, Enterprise Environmental Factors, Roadmap, Portfolio Management Plan
4. D. Organizational Strategy & Objectives, Enterprise Environmental Factors, Portfolio, Portfolio Management Plan

Correct Answer: B

In identifying risks to then manage and control, as the portfolio manager you are consulting organizational process assets such as:

1. A. Commercial data bases
2. B. Lessons learned
3. C. Knowledge bases
4. D. Values

Correct Answer: D

The Portfolio Management Office (PMO) provides support to the portfolio manager throughout the portfolio life cycle. Which of the below is not something that the PMO supports the portfolio manager with?

1. A. Define Portfolio Management best practices
2. B. Formulating component management standards
3. C. Define Portfolio Management standards
4. D. Formulate organizational standards

Correct Answer: D

In order to guide the work and correctly manage the portfolio, one of the major documents to be prepared is the Portfolio Management Plan acting as guideline for portfolio management. What are the tools and techniques you could use while developing this plan?

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

Correct Answer: A