You are the manager for a major industrial portfolio aiming to rebuild the vintage building in your region. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budget, you know that you will be managing the portfolio closely and that the governance board and the stakeholders would want to check on the progress and status frequently. For this you started to develop a robust Portfolio management plan. Which of the following can be used when starting this process?

1. A. Portfolio Management Plan, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets
2. B. Portfolio, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets
3. C. Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets
4. D. Portfolio Reports, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets

Correct Answer: C

Portfolio balancing can be done in several different dimensions based on organizational preferences. When your software development company, which is CMMI Level 5 certified, began to focus on portfolio management four years ago, you started with a simplified ranking approach and now moved into using an automated, sophisticated weighted scoring software tool throughout the organization. In terms of portfolio balancing, it is appropriate to:

1. A. Balance the portfolio across the organization
2. B. Balance the portfolio according to categories
3. C. Balance the portfolio by business unit
4. D. Balance the portfolio in terms of expected value of benefits

Correct Answer: A

The portfolio is undergoing and your are now in the monitoring and controlling phase. Two of your team members are arguing about what to use in order to determine decisions to be made with regards to the portfolio and its components. What should be your advice to them?

1. A. They should use the elicitation techniques to get as much data as possible on the progress in order to be able to take decisions
2. B. They should conduct review meetings on formal and scheduled basis
3. C. They should conduct review meetings on scheduled and informal basis
4. D. They should conduct review meetings on need basis

Correct Answer: B

Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, update to reflect how the new strategy will be implemented?

1. A. Portfolio Strategic Plan
2. B. Portfolio Management Plan
3. C. Portfolio Roadmap
4. D. Communication Management Plan

Correct Answer: B

A new portfolio manager in your organization is currently preparing his portfolio charter and has come to you asking advice about what should be present in charter

1. A. Justification, Scenario Analysis, Capability & Capacity Analysis
2. B. Key dependencies, critical success criteria, high-level timelines
3. C. All internal and external dependencies, components fixed timelines
4. D. Justification, Scenario Analysis

Correct Answer: B