Management of Portfolio® Foundation (EX0-005) Free Practice Test

Question 1

The purpose of the [ ? ] is to collate key information that will provide clarity to senior management on the collection of change initiatives that will deliver the greatest contribution to the strategic objectives?

A. portfolio delivery cycle

B. portfolio definition cycle

C. benefits management practice

D. strategy alignment principle

Correct Answer: C

Question 2

What portfolio document sets the standards for consistent approaches to benefits management across the portfolio?

A. Portfolio Benefits Management Framework

B. Portfolio Dashboard

C. Portfolio Management Framework

D. Portfolio Benefits Realization Plan

Correct Answer: A

Question 3

Which of the following is NOT a main element of the benefits management practice?

A. A portfolio-level Benefits Realization Plan

B. Clear arrangements for benefits tracking

C. Demonstrable senior management commitment

D. Inclusion of re-appraisal of benefits in portfolio-level reviews

Correct Answer: D

Question 4

Which is a portfolio delivery practice?

A. Staged release of funding

B. Financial management

C. Governance alignment

D. Categorize

Correct Answer: C

Question 5

How does portfolio management support effective corporate governance?

A. Clarifies responsibility and accountability for making decisions on which programmes and projects will be funded

B. Controls the major changes to business as usual

C. Ensures that the organization's change initiatives represent the optimal allocation of limited resources

D. Provides a means by which the link between strategy and resource allocation can be maintained

Correct Answer: D

Question 6

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

A. Use financial investment criteria, such as NPV

B. Use algorithms and investment rules to guide decision making

C. Clearly defining the scope of the portfolio and what constitutes a project

D. Use categorization to assess alignment to strategic objectives

Correct Answer: B

Question 7

Which is a benefit of portfolio management?

A. Detailed approaches are prescribed that are applicable to most organizations

B. Enables more efficient resource utilization

C. Enables best management practices such as PRINCE2 and MSP to be mandated

D. Justifies the application of sophisticated software tools

Correct Answer: B

Question 8

Which is a portfolio definition practice?

A. Resource management

B. Governance alignment

C. Reference class forecasting

D. Understand

Correct Answer: B

Question 9

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

Correct Answer: A

Question 10

Identify the missing word in the definition of portfolio management. A coordinated collection of [ ? ] processes and decisions that together enable the most effective balance of organizational change and business as usual.

A. strategic

B. delivery

C. business

D. programme

Correct Answer: A

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EXIN Management of Portfolio® Foundation (EX0-005) Free Practice Test