Some of your Stakeholders reported to you that they are not receiving status reports and other regular information on the Portfolio progress. This has caused a big issue with the governance board and they requested an immediate resolution. You have already analyzed the stakeholders and prepared the communication matrix; what is your best course of action in this case?

1. A. Correctly configure the PMIS
2. B. Meet individually with each stakeholder and re-analyze their needs and expectations
3. C. Update the Communication Management Plan
4. D. Update the communication matrix

Correct Answer: A

When developing the charter, you will use multiple inputs and documents of which the portfolio Strategic Plan is one. How is the strategic plan used in this case?

1. A. It is not an input to this process
2. B. The Portfolio Structure and Portfolio Manager's Authorizations are copied from the Portfolio Strategic Plan as is and incorporated in the Charter
3. C. It is updated based on the output of the Develop portfolio charter process
4. D. The prioritization model is used as a decision framework to structure the portfolio components

Correct Answer: D

Due to multiple occurrences of risk realization, the CEO has asked you to re-assess the portfolio risks once again. Up to what level in the organization do you go when you need to assess risks?

1. A. Operational
2. B. All Organizational Levels
3. C. Functional
4. D. Internal to the portfolio

Correct Answer: B

One of the ten underlying principles of portfolio management involves a strategic focus. Assume you are going to have a short meeting with your CEO tomorrow, and you want to succinctly describe it. You will tell the CEO it is important since it:

1. A. Emphasizes the need for portfolio management to attain strategic objectives
2. B. Provides a clear basis for decision making
3. C. Includes processes and change initiatives to accomplish organizational strategies
4. D. Balances conflicting demands

Correct Answer: C

A recent development in the market gave your competitors a leading edge. Your company's CEO and executive members want to focus on new developments and gain the market leadership once again. You wanted to show the new structure to the Portfolio stakeholders and strategies have changed. As a portfolio manager, your best course of action is to perform a

1. A. Capability and Capacity Analysis
2. B. Scenario Analysis
3. C. Gap Analysis
4. D. SWOT Analysis

Correct Answer: C