A problem related to internal corruption has occurred in your company. The CEO has setup a new management team and had to do budget cuts until the situation is stabilized. Your portfolio is highly affected by this budget cut and you were obliged to cancel a few components. What is your best course of action in this case?

• A.Cancel the components that are not performing well
• B.Do not cancel components; and request additional budget from the management
• C.Prioritize components and assign the available resources to them
• D.Raise the issue to the sponsor so he can get you additional resources

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

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

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

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

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The portfolio management information system is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage information systems to support a successful portfolio, and includes tools and processes such as:

• A.Change or configuration management systems, Communication management processes and tools
• B.Software tools, Risk database and analysis tools, Earned value management processes and tools
• C.Financial management processes and systems, Communication management processes and tools
• D.All of the options

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In managing strategic change, the portfolio manager performs stakeholder analysis in order to consider the changing requirements. One of the key stakeholders expressed concerns about the lack of recognition of the value contribution of his department. The portfolio manager is not convinced with the level of value contribution. Which of the following is considered the best approach to take?

• A.Assign an owner to follow up on this concern and take a decision accordingly
• B.This is a key stakeholder and his expectations and requirements should be taken into consideration for further analysis
• C.Accept the statement as it is a key stakeholder and the portfolio manager should remain in good contact with him
• D.Reject the statement

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