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M_o_P (Management of Portfolio Foundation)
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Deciding where to invest − 'doing the right things'
Ensuring successful initiative delivery − doing things right'
'Doing the right things' and 'doing things right' at a collective level
'Doing the right things' and 'doing things right' at an individual initiative level
What has as its purpose: To ensure the successful implementation of the planned change initiatives as agreed in the Portfolio Strategy and Delivery Plan?
Portfolio definition cycle
Portfolio management
Resource management
Portfolio delivery cycle
Which is a main element of the benefits management practice?
Defined processes recorded in the Portfolio Management Framework
A shared vision of what the portfolio is designed to achieve
Present findings creatively
Feeding lessons learned from post−implementation reviews back into forecasting
Which is a main element in the organizational governance practice?
Using stage gates to ensure initiatives are reviewed consistently based on strategic contribution and risk
Regular review of risks across the portfolio
Applying staged release of funding linked to stage gates
Clearly describing arrangements for benefits tracking and reporting
Which is one of the three ways in which senior level engagement is crucial to effective portfolio management?
Endorsing the decisions the Portfolio Office make about the composition of the portfolio
Ensuring the Portfolio Manager champions the implementation of Portfolio Management
Creating a clear decision−making structure so that decisions are made swiftly and in line with business strategy
Prioritizing the portfolio on the basis of resource availability
Which statements about the Portfolio Office (headed by the Portfolio Manager) are true?
It helps to ensure that a consistent approach is applied across the portfolio
It prepares the Portfolio Strategy and Delivery Plan
It is a temporary structure set up to assist with the delivery of change
It provides assurance to senior management on effective delivery of change
A. 1, 2, 3
B. 1, 2, 4
C. 1, 3, 4
D. 2, 3, 4
Which is a way of sustaining progress in the implementation of portfolio management?
Introduce completely new processes for portfolio management rather than trying to build on existing organizational processes
Adopt a big bang approach rather than an incremental or staged approach
Align reward and recognition processes for senior management to appropriate behaviours
Ensure the organization uses the most sophisticated software solution available rather
Which is a portfolio definition practice?
Strategy alignment
Multi−criteria analysis
Categorize
Benefits management
Which is NOT a 'key to success' of an energized change culture?
A learning organization in which lessons learned are captured, disseminated and acted upon
Collaborative working including adapting the reward and recognition systems to reflect and encourage desired corporate behaviours
A Portfolio Office that is appropriately skilled with an agreed mandate
Role descriptions clearly link personal objectives with strategic objectives
Which is a benefit of portfolio management?
Enables best management practices such as PRINCE2 and MSP to be mandated
Justifies the application of sophisticated software tools
Enables more efficient resource utilization
Detailed approaches are prescribed that are applicable to most organizations
Which is a result of an effectively managed portfolio delivery cycle?
There is clarity on the high level scope of potential change initiatives
The portfolio governance body makes informed decisions on the composition of the portfolio
Improved delivery on time and to budget
Change initiatives are planned in detail