How does portfolio management support effective corporate governance?

• A.Ensures that the organization's change initiatives represent the optimal allocation of limited resources
• B.Controls the major changes to business as usual
• C.Clarifies responsibility and accountability for making decisions on which programmes and projects will be funded
• D.Provides a means by which the link between strategy and resource allocation can be maintained

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Which illustrates a 'key to success' for the balance practice?

• A.Clearly defining the scope of the portfolio and what constitutes a project
• B.Use algorithms and investment rules to guide decision making
• C.Use financial investment criteria, such as NPV
• D.Use categorization to assess alignment to strategic objectives

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How does the identification of value drivers help an organization to prioritize change initiatives?

• A.By focusing on the external factors which drive and shape strategy
• B.By identifying the value of each of the benefits resulting from change
• C.By ensuring that all value drivers are specified as monetary values
• D.By allowing a relative weighting to be applied to each driver identified

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