Full 106 Practice Test and 111 unique questions with explanations waiting just for you!
Peoplecert MoP Dumps 106 Exam for Full Questions - Exam Study Guide
NEW QUESTION 26
Which is a benefit of assessing the impact of portfolio management?
- A. More informed decisions concerning the initiation and scheduling of initiatives
- B. It can help demonstrate a compelling case for investment in portfolio management
- C. The portfolio governance body comes to a collective decision on the composition of the portfolio
- D. More of the 'right' programmes and projects being undertaken
Answer: B
NEW QUESTION 27
Which of the following is a main element of the management control practice?
- A. A consistent approach to benefits categorization
- B. Tailored investment criteria
- C. Guidance and templates for business case preparation
- D. Collaborative working between the Portfolio Office and the organizations communications experts
Answer: B
NEW QUESTION 28
Which statement about 'decision conferencing' is FALSE?
- A. The Board approve a prioritized listing developed by the Portfolio Office
- B. Senior management debate and agree the scores/ratings for each initiative
- C. A facilitator can help to ensure that a consensus is reached
- D. It can result in greater commitment by senior management to the portfolio
Answer: A
NEW QUESTION 29
What is this the purpose of: To ensure the successful implementation of the planned change initiatives as agreed in the Portfolio Strategy and Delivery Plan?
- A. Portfolio delivery cycle
- B. Portfolio definition cycle
- C. Strategy alignment principle
- D. Understand practice
Answer: A
NEW QUESTION 30
Which is NOT a 'key to success' of the financial management practice?
- A. Staged release of funding
- B. Alignment of the portfolio and financial reporting cycles
- C. Regular reporting of progress against plan
- D. Post-implementation reviews
Answer: D
NEW QUESTION 31
Which of the following are 'keys to success' of the organizational governance practice?
1. A shared vision for the portfolio
2. Focus on senior management
3. Business cases and progress are reviewed regularly
4. Shared understanding of the governance structure and processes
- A. 2, 3, 4
- B. 1, 2, 4
- C. 1, 2, 3
- D. 1, 3, 4
Answer: D
NEW QUESTION 32
Which statement about the prioritize practice is true?
- A. Mandatory changes (e.g. legal requirements) do not need to be included in the prioritization exercise
- B. Stakeholders should be able to see evidence that all changes have been assessed fairly and consistently
- C. The Portfolio Office should approve the prioritized list of changes before presentation to management boards
- D. Investment criteria used should be the same for each segment of the portfolio
Answer: B
NEW QUESTION 33
Identify the missing word in the following sentence. The Portfolio Management [ ? ] are the key foundations on which effective portfolio management is based.
- A. principles
- B. practices
- C. cycles
- D. techniques
Answer: A
NEW QUESTION 34
Which of the following refers to use of the 'management by exception' technique?
- A. Specifying points at which reviews of initiatives are linked to funding release
- B. Reporting via the documented route and schedule
- C. Referring variances from plan that exceed control limits to the portfolio governance body
- D. Providing a Dashboard Report with a transparent chain from strategic intent to benefits realization
Answer: D
NEW QUESTION 35
Which portfolio definition practice collates information from the portfolio definition cycle and creates a Portfolio Strategy?
- A. Prioritize
- B. Categorize
- C. Balance
- D. Plan
Answer: D
NEW QUESTION 36
How does portfolio management support effective corporate governance?
- A. By obtaining the context within which portfolio management should operate
- B. By providing a "clear line of sight" on the progress of the portfolio against plans
- C. By making appropriate use of existing performance management expertise to design and implement new portfolio key performance indicators
- D. By assigning responsible persons for implementing projects and programmes
Answer: B
NEW QUESTION 37
What affects how the MoP principles and practices are adapted by an organization?
- A. The organization's use of sophisticated approaches
- B. The organization's operational targets
- C. The organization's experience in the use of relevant IT solutions
- D. The organization's decision-making standards and processes
Answer: D
NEW QUESTION 38
Which is NOT a 'key to success' of the balance practice?
- A. Findings may be presented in a graphical format
- B. Algorithms and investment rules may guide decision-making
- C. The portfolio governance body should understand its role in balancing the portfolio
- D. Balancing follows preparation of the Portfolio Strategy and Delivery Plan
Answer: C
NEW QUESTION 39
In which circumstance would the 'evolutionary' approach to implementation of portfolio management be MOST appropriate?
- A. In a less stable marketplace where strategy is formulated top-down
- B. In a less stable marketplace where strategy is emergent
- C. In a stable marketplace where strategy is formulated top-down
- D. In a stable marketplace and where strategy is emergent
Answer: B
NEW QUESTION 40
Which of the following are main elements of the risk management practice?
1. Implementing standards which apply to all change initiatives
2. Collaborative working to facilitate compliance with organizational
standards
3. An effective escalation process
4. Champion-challenger model
- A. 1, 3, 4
- B. 2, 3, 4
- C. 1, 2, 3
- D. 1, 2, 4
Answer: C
NEW QUESTION 41
Which documents are key outputs of the portfolio definition cycle?
- A. Portfolio Management Framework and Portfolio Delivery Plan
- B. Portfolio Strategy and Portfolio Resource Schedule
- C. Portfolio Strategy and Portfolio Delivery Plan
- D. Portfolio Benefits Management Framework and Portfolio Benefits Realization Plan
Answer: C
NEW QUESTION 42
What role is responsible for monitoring portfolio progress and resolving issues that may compromise delivery and benefits realization?
- A. Portfolio Progress Group
- B. Portfolio Benefits Manager
- C. Portfolio Manager
- D. Portfolio Direction Group
Answer: A
NEW QUESTION 43
Which is one of the 5 portfolio management principles?
- A. Governance alignment
- B. Categorize
- C. Management by exception
- D. Portfolio delivery
Answer: A
NEW QUESTION 44
Which is an objective of the Portfolio Strategy?
- A. Document the short term view of what the portfolio is to achieve
- B. Promote discussion of any potential conflict between departmental and shared goals
- C. Create the baseline information to be input into the resource schedule
- D. Provide an overview of the portfolio linked to the strategic planning cycle
Answer: D
NEW QUESTION 45
Which is NOT an acceptable approach to budgeting in the context of portfolio management?
- A. Budgets are devolved to strategic business units for both BAU and change initiatives, with portfolio management applied across the units to co-ordinate cross-organizational change initiatives
- B. Budgets are devolved to strategic business units for BAU but budgets for change initiatives controlled centrally, with portfolio management applied across the units
- C. Budgets are devolved to strategic business units for both business as usual (BAU) and change initiatives, with portfolio management applied within each strategic business unit
- D. Budgets are devolved to strategic business units for BAU, but budgets for change initiatives are controlled centrally, with portfolio management applied within each strategic business unit
Answer: D
NEW QUESTION 46
What is the definition of programme management?
- A. A coordinated collection of strategic processes and decisions.
- B. An approach to manage several related projects, to improve the performance of the entire programme.
- C. An activity that harvests value from assets owned by a business
- D. It is the totality of its investment in the changes (or segment thereof) required to achieve the strategic objectives.
Answer: B
NEW QUESTION 47
Gathering key information to provide clarity to senior management on the collection of change initiatives is the purpose of:
- A. Risk management
- B. Portfolio Definition Cycle
- C. Management control
- D. Stakeholder engagement
Answer: B
NEW QUESTION 48
Which questions are addressed by portfolio management as part of strategic planning?
1. Are the programmes and projects in the portfolio necessary?
2. Is the portfolio together with business as usual activities
sufficient to achieve the strategic objectives?
3. Where in business as usual will the objectives be achieved?
4. Is the portfolio affordable?
- A. 1, 2, 4
- B. 1, 3, 4
- C. 2, 3, 4
- D. 1, 2, 3
Answer: A
NEW QUESTION 49
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