Valid 106 Exam Q&A PDF 106 Dump is Ready (Updated 111 Questions)
Exam Questions and Answers for 106 Study Guide
NEW QUESTION 54
Which is an objective of portfolio management?
- A. To ensure the portfolio contains all business change within the organization
- B. To ensure the collection of change initiatives is sufficient to achieve the required strategic contribution
- C. To actively manage the deployment of project and programme staff
- D. To ensure a single set of investment criteria are applied to all change initiatives
Answer: D
NEW QUESTION 55
Which is NOT a 'key to success' of an energized change culture?
- A. Role descriptions clearly link personal objectives with strategic objectives
- B. Collaborative working including adapting the reward and recognition systems to reflect and encourage desired corporate behaviours
- C. A learning organization in which lessons learned are captured, disseminated and acted upon
- D. A Portfolio Office that is appropriately skilled with an agreed mandate
Answer: D
NEW QUESTION 56
What portfolio document sets the standards for consistent approaches to benefits management across the portfolio?
- A. Portfolio Benefits Management Framework
- B. Portfolio Management Framework
- C. Portfolio Dashboard
- D. Portfolio Benefits Realization Plan
Answer: A
NEW QUESTION 57
Which statement about the prioritize practice is true?
- A. A segmented portfolio should use the same criteria to prioritize each segment
- B. Prioritization of initiatives should be based on an estimate of financial benefits that may be achieved
- C. Mandatory projects should not be included in the normal prioritization process
- D. A mandatory requirement should be reviewed to ensure that the planned change is cost effective
Answer: D
NEW QUESTION 58
Which is a portfolio definition practice?
- A. Strategy alignment
- B. Benefits management
- C. Categorize
- D. Multi-criteria analysis
Answer: C
NEW QUESTION 59
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 where strategy is formulated top-down
- D. In a stable marketplace and where strategy is emergent
Answer: B
NEW QUESTION 60
Identify the missing word in the following sentence. The Portfolio Management [ ? ] are the key foundations on which effective portfolio management is based.
- A. principles
- B. practices
- C. cycles
- D. techniques
Answer: A
NEW QUESTION 61
Which describes the full scope of portfolio management?
- A. Ensuring successful initiative delivery - doing things right'
- B. Deciding where to invest - 'doing the right things'
- C. 'Doing the right things' and 'doing things right' at an individual initiative level
- D. 'Doing the right things' and 'doing things right' at a collective level
Answer: D
NEW QUESTION 62
Which of the following is a benefit of a well-managed portfolio definition cycle?
- A. Motivating people to deliver shared goals
- B. Allocating a priority to each change initiative through single-criteria analysis or multi-criteria analysis
- C. Creating a standard template for businesses cases for all change initiatives within the portfolio
- D. Improved delivery times and improved budgetary performance of projects within the portfolio
Answer: D
NEW QUESTION 63
What role is responsible for monitoring portfolio progress and resolving issues that may compromise delivery and benefits realization?
- A. Portfolio Progress Group
- B. Portfolio Benefits Manager
- C. Portfolio Manager
- D. Portfolio Direction Group
Answer: A
NEW QUESTION 64
Fill in the blanks: Portfolio office members should NOT have the responsibility of _____.
- A. Approving the portfolio strategy and delivery plan
- B. Direct delivery of projects and programmes
- C. Championing the portfolio within the organisation
- D. Actively participating in creating an energetic culture in project teams.
Answer: B
NEW QUESTION 65
Which is an example of a performance metric that can be used to assess the impact of portfolio management?
- A. Speed at which requests for change are assessed and responded to by individual projects and programmes
- B. Speed at which service is provided to customers from the point of first contact
- C. Speed at which customer complaints are dealt with from point of receipt through to resolution
- D. Speed at which initiatives, aimed at improving customer service, progress through the development pipeline
Answer: C
NEW QUESTION 66
Which questions are addressed by portfolio management as part of strategic planning?
1. Are the programmes and projects in the portfolio necessary?
2. Is the portfolio together with business as usual activities
sufficient to achieve the strategic objectives?
3. Where in business as usual will the objectives be achieved?
4. Is the portfolio affordable?
- A. 1, 2, 4
- B. 1, 3, 4
- C. 2, 3, 4
- D. 1, 2, 3
Answer: A
NEW QUESTION 67
Which is a way that portfolio management can help staff in business as usual understand the contribution that change initiatives will make to operational performance?
- A. By explaining when the impacts of change initiatives will be observed and how they will be measured
- B. By explaining who is responsible for realizing benefits and how their performance will be assessed
- C. By explaining which projects will deliver the change and how they are being monitored
- D. By explaining which programme will deliver the change and how it is being monitored
Answer: D
NEW QUESTION 68
Which is the purpose of the understand practice?
- A. To obtain a clear understanding of what is in the current portfolio and development pipeline, including forecast costs, benefits and risks
- B. To monitor progress against the Portfolio Delivery Plan
- C. To answer the question as to which initiatives the organization should invest in
- D. To ensure a portfolio is balanced, taking into account coverage of all strategic objectives and impact across the business
Answer: A
NEW QUESTION 69
Which is one of the three broad approaches to implementing portfolio management?
- A. One version of the truth
- B. Balance
- C. Big bang
- D. Definition
Answer: B
NEW QUESTION 70
Which is a main element of the risk management practice?
- A. Preparation of a Portfolio Management Framework
- B. Adoption of the champion-challenger' model
- C. Implementation of an effective escalation path to the relevant portfolio governance body
- D. Introduction of a summary investment appraisal template
Answer: C
NEW QUESTION 71
How does portfolio management support effective corporate governance?
- A. Portfolio management assesses whether the programmes and projects within the portfolio are necessary, sufficient, achievable and affordable
- B. Portfolio management aligns performance and portfolio reporting in terms of timing and content
- C. Portfolio management links delivery of the organization's strategic objectives with investment in change in a transparent way that enhances effective accountability
- D. Portfolio management develops delivery capability across the organization
Answer: C
NEW QUESTION 72
Which of the following is a main element of the management control practice?
- A. A consistent approach to benefits categorization
- B. Tailored investment criteria
- C. Guidance and templates for business case preparation
- D. Collaborative working between the Portfolio Office and the organizations communications experts
Answer: B
NEW QUESTION 73
Which are benefits of assessing the impact of portfolio management?
1. It can help demonstrate a compelling case for investment in
portfolio management
2. It helps in the on-going development of more effective portfolio
management practices
3. It enables more effective implementation of programmes and projects
via management of the project development pipeline, dependencies, and
constraints
4. The process of measurement can help ensure success - reflecting the
management expression, what gets measured gets done?
- A. 1, 2, 4
- B. 1, 3, 4
- C. 2, 3, 4
- D. 1, 2, 3
Answer: A
NEW QUESTION 74
Which is one of the six key functions that portfolio management needs to coordinate with to achieve strategic objectives?
- A. Centre of Excellence
- B. Business Architecture Planning
- C. Information Technology
- D. Performance management
Answer: D
NEW QUESTION 75
Which of the following is NOT an MoP portfolio management principle?
- A. Governance Alignment
- B. Energized Change Culture
- C. Establishing a Portfolio Office
- D. Portfolio Definition
Answer: D
NEW QUESTION 76
Portfolio management needs to coordinate with which of the following functions to ensure strategic objectives are achieved?
- A. Risk Management
- B. Business as Usual (BAU)
- C. Performance Management
- D. Benefits Management
Answer: C
NEW QUESTION 77
If only some of the change initiatives are included in the organizational portfolio, additional checks will be required. What should these checks do?
- A. Assess whether corporate-level capacity planning is managed effectively
- B. Ensure that sub-portfolios remain consistent with the organizational level portfolio
- C. Monitor the risk that the portfolio governance body is overwhelmed with data
- D. Ensure that there is a common understanding of the portfolio governance framework
Answer: B
NEW QUESTION 78
Which is a benefit of portfolio management?
- A. Enables best management practices such as PRINCE2 and MSP to be mandated
- B. Justifies the application of sophisticated software tools
- C. Detailed approaches are prescribed that are applicable to most organizations
- D. Enables more efficient resource utilization
Answer: D
NEW QUESTION 79
......
Certification dumps - Peoplecert MoP 106 guides - 100% valid: https://www.updatedumps.com/Peoplecert/106-updated-exam-dumps.html