Last Updated: May 31, 2026
No. of Questions: 100 Questions & Answers with Testing Engine
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1. Which is NOT an acceptable approach to budgeting in the context of portfolio management?
A) Budgets are devolved to strategic business units for BAU, but budgets for change initiatives are controlled centrally, with portfolio management applied within each strategic business unit
B) Budgets are devolved to strategic business units for BAU but budgets for change initiatives controlled centrally, with portfolio management applied across the units
C) Budgets are devolved to strategic business units for both BAU and change initiatives, with portfolio management applied across the units to co-ordinate cross-organizational change initiatives
D) Budgets are devolved to strategic business units for both business as usual (BAU) and change initiatives, with portfolio management applied within each strategic business unit
2. Which of the following are main elements of the risk management practice?
1.Implementing standards which apply to all change initiatives
2.Collaborative working to facilitate compliance with organizational standards
3.An effective escalation process
4.Champion-challenger model
A) 1, 3, 4
B) 1, 2, 4
C) 2, 3, 4
D) 1, 2, 3
3. Which is a result of an effectively managed portfolio delivery cycle?
A) Change initiatives are planned in detail
B) The portfolio governance body makes informed decisions on the composition of the portfolio
C) There is clarity on the high level scope of potential change initiatives
D) Improved delivery on time and to budget
4. Which describes the full scope of portfolio management?
A) Deciding where to invest - 'doing the right things'
B) 'Doing the right things' and 'doing things right' at an individual initiative level
C) 'Doing the right things' and 'doing things right' at a collective level
D) Ensuring successful initiative delivery - doing things right'
5. Which is one of the six primary functions that portfolio management needs to coordinate with to achieve strategic objectives?
A) Budgeting and resource allocation
B) Real estate and Property services
C) Communications
D) Resource management
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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