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 and where strategy is emergent
• D.In a stable marketplace where strategy is formulated top-down

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Which of the following is a consequence of the portfolio definition cycle being managed well?

• A.Resources are re-allocated when required resulting in the portfolio remaining strategically aligned
• B.Initiatives will be started without considering their fit with the current portfolio
• C.Resources, risks and dependencies will be efficiently and effectively managed
• D.The portfolio governance body makes informed decisions on the composition of the portfolio

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

• A.Deriving forecasts of costs, duration and benefits of an initiative from similar previous projects
• B.Specifying points at which reviews of initiatives are linked to funding release
• C.Referring variances beyond control limit from plan to the portfolio governance body
• D.Reporting via a documented route and schedule

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Which is NOT a key requirement of a fully effective Portfolio Office?

• A.Possessing sufficient skill to produce timely and reliable analyses
• B.Being involved fully with programme and project management delivery
• C.Having sufficient status to be effective across the organization
• D.Reporting into the Business Change or Portfolio Director

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Which is a way of sustaining progress in the implementation of portfolio management?

• A.Introduce completely new processes rather than build on existing organizational processes
• B.Use the most sophisticated software solution available
• C.Align reward and recognition processes to departmental or functional performance
• D.Adopt an incremental rather than a big bang approach

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