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1. Which is a main element of the management control practice?
A) Benefits eligibility rules
B) Strategy alignment
C) Stage or phase gates
D) Decision conferencing
2. Which of the following is NOT a main element of the benefits management practice?
A) Demonstrable senior management commitment
B) Inclusion of re-appraisal of benefits in portfolio-level reviews
C) Clear arrangements for benefits tracking
D) A portfolio-level Benefits Realization Plan
3. Which is an example of a performance metric that can be used to assess the impact of portfolio management?
A) Percentage increase in the number of customer complaints received during the implementation of a change initiative compared with the forecast level
B) The successful delivery of linked projects and transformation activities to achieve an intended outcome
C) Percentage of initiatives delivered on time and/or budget compared within initial forecasts
D) Percentage of milestones being achieved during a projects life cycle compared with the planned milestones
4. Identify the missing words in the following sentence. A consequence of a well-functioning portfolio delivery cycle is a portfolio [?] by enabling resource re-allocation when required.
A) that remains strategically aligned
B) where the portfolio governance body makes informed decisions on composition
C) that has clarity on its high-level scope
D) that matches planned changes with its capacity to deliver
5. 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 categorization to assess alignment to strategic objectives
C) Use financial investment criteria, such as NPV
D) Use algorithms and investment rules to guide decision making
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: D |
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