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1. What is this the purpose of: To ensure the successful implementation of the planned change initiatives as agreed in the Portfolio Strategy and Delivery Plan?
A) Strategy alignment principle
B) Portfolio delivery cycle
C) Portfolio definition cycle
D) Understand practice
2. Which are suggested techniques to align the portfolio with strategy where measures of strategic success have not been clearly defined?
1.Rate the strategic contribution of an initiative as critical, highly desirable or desirable
2.Split the available funding into relevant portfolio segments
3.Create a Portfolio Strategy
4.Senior managers debate strategic alignment and come to a collective decision on the portfolio
A) 2,3,4
B) 1,2,4
C) 1,3,4
D) 1,2,3
3. What is the definition of portfolio management?
A) Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned
B) A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual
C) Carrying out the co-ordinated organization, direction and implementation of a dossier of projects and transformation activities to achieve outcomes and realize benefits of strategic importance to the business
D) An approach, or line to take, designed to achieve a long-term aim
4. Why is it sometimes helpful to break down portfolio categories or segments into subcategories?
A) To ensure business cases are prepared on a consistent basis
B) To evaluate the benefits expected from each change initiative
C) To assess the contribution of initiatives by expressing strategic objectives in greater detail
D) To produce a ranked list of strategic changes, taking into account impact across the business
5. Which is a way of sustaining progress in the implementation of portfolio management?
A) Use the most sophisticated software solution available
B) Align reward and recognition processes to departmental or functional performance
C) Adopt an incremental rather than a big bang approach
D) Introduce completely new processes rather than build on existing organizational processes
Solutions:
Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: B |
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