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MOPF Management of Portfolio Foundation Questions and Answers

Questions 4

Which statement about the prioritize practice is true?

Options:

A.

A segmented portfolio should use the same criteria to prioritize each segment

B.

Mandatory projects should not be included in the normal prioritization process

C.

Prioritization of initiatives should be based on an estimate of financial benefits that may be achieved

D.

A mandatory requirement should be reviewed to ensure that the planned change is cost effective

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Questions 5

Which is an example of a performance metric that can be used to assess the impact of portfolio management?

Options:

A.

Percentage of milestones being achieved during a projects life cycle compared with the planned milestones

B.

The successful delivery of linked projects and transformation activities to achieve an intended outcome

C.

Percentage increase in the number of customer complaints received during the implementation of a change initiative compared with the forecast level

D.

Percentage of initiatives delivered on time and/or budget compared within initial forecasts

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Questions 6

Which is a main element in the resource management practice?

Options:

A.

Understanding the demand for constrained resources

B.

Motivating people to commit to the delivery of shared goals

C.

Scheduling portfolio initiatives to avoid adversely impacting operational performance

D.

Emphasising the need to operate as one team

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Questions 7

Which is a portfolio definition practice?

Options:

A.

Governance alignment

B.

Reference class forecasting

C.

Understand

D.

Resource management

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Questions 8

Which statement describes the purpose of the Portfolio Direction Group / Investment Committee?

Options:

A.

The role that is responsible for approving changes to the portfolio delivery practices

B.

The governance body where decisions about inclusion of initiatives in the portfolio are made

C.

The governance body responsible for monitoring portfolio progress and resolving issues that may compromise delivery and benefits realization

D.

Ensuring that a consistent fit for purpose' approach to benefits management is applied across the portfolio

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Questions 9

Which is one of the six primary functions that portfolio management needs to coordinate with to achieve strategic objectives?

Options:

A.

Real estate and Property services

B.

Budgeting and resource allocation

C.

Resource management

D.

Communications

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Questions 10

What is the definition of portfolio management?

Options:

A.

Carrying out the co-ordinated organization, direction and implementation of a dossier of projects and transformation activities to achieve outcomes and realize benefits of strategic importance to the business

B.

A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual

C.

Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned

D.

An approach, or line to take, designed to achieve a long-term aim

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Questions 11

If only some of the change initiatives are included in the organizational portfolio, additional checks will be required. What should these checks do?

Options:

A.

Assess whether corporate-level capacity planning is managed effectively

B.

Ensure that there is a common understanding of the portfolio governance framework

C.

Monitor the risk that the portfolio governance body is overwhelmed with data

D.

Ensure that sub-portfolios remain consistent with the organizational level portfolio

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Questions 12

Identify the missing words in the following sentence. A purpose of the Portfolio Benefits Realization Plan is to provide [?] against which to assess the benefits actually realized.

Options:

A.

a standard

B.

a strategy

C.

a baseline

D.

a gap analysis

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Questions 13

How do portfolio and performance management coordinate to deliver strategic objectives?

1. Utilise the expertise of the performance management function in designing portfolio performance metrics

2. Deliver change initiatives that contribute to strategic objectives

3. Incorporate the anticipated impact of the portfolio in performance targets

4. Ensure the performance management function are engaged at an early point in the development of business cases

Options:

A.

1, 2, 3

B.

1, 2, 4

C.

1, 3, 4

D.

2, 3, 4

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Questions 14

Which is a result of an effectively managed portfolio delivery cycle?

Options:

A.

There is clarity on the high level scope of potential change initiatives

B.

The portfolio governance body makes informed decisions on the composition of the portfolio

C.

Improved delivery on time and to budget

D.

Change initiatives are planned in detail

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Questions 15

Which of the following refers to the 'one version of the truth' technique?

Options:

A.

Referring variances beyond control limit from plan to the portfolio governance body

B.

Reporting via a documented route and schedule

C.

Specifying points at which reviews of initiatives are linked to funding release

D.

Deriving forecasts of costs, duration and benefits of an initiative from similar previous projects

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Exam Code: MOPF
Exam Name: Management of Portfolio Foundation
Last Update: Nov 21, 2024
Questions: 100