PeopleCert Management of Portfolio Foundation (PC0-005) Free Practice Test

Question 1

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: D

Question 2

Which is one of the 5 portfolio management principles?

A. Management by exception

B. Portfolio delivery

C. Governance alignment

D. Categorize

Correct Answer: C

Question 3

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 4

Which are responsibilities of portfolio management in terms of delivering initiatives that contribute to strategic objectives?
1. Development of delivery capability organization-wide
2. Management of limited resources
3. Effective dependency management across the portfolio
4. Delivery of change initiatives within the portfolio

A. 1, 3, 4

B. 1, 2, 4

C. 2, 3, 4

D. 1, 2, 3

Correct Answer: D

Question 5

Identify the missing words in the following sentence. Dependencies in a complex portfolio environment [?] but if not managed effectively can represent a serious risk to delivery.

A. are a relatively simple matter

B. are not always immediately obvious

C. are a non-critical part of the project plan

D. do not need to be summarised in a portfolio dashboard report

Correct Answer: B

Question 6

Which is NOT a 'key to success' of an energized change culture?

A. A Portfolio Office that is appropriately skilled with an agreed mandate

B. A learning organization in which lessons learned are captured, disseminated and acted upon

C. Collaborative working including adapting the reward and recognition systems to refilect and encourage desired corporate behaviours

D. Role descriptions clearly link personal objectives with strategic objectives

Correct Answer: A

Question 7

Which is a 'key to success' of the stakeholder engagement practice?

A. Involve risk experts

B. Evidence-based forecasting

C. Clarity about governance structures and roles

D. Use of contemporary communications

Correct Answer: D

Question 8

Which is one of the three ways in which senior level engagement is crucial to effective portfolio management?

A. Endorsing the decisions the Portfolio Office make about the composition of the portfolio

B. Creating a clear decision-making structure so that decisions are made swiftly and in line with business strategy

C. Ensuring the Portfolio Manager champions the implementation of Portfolio Management

D. Prioritizing the portfolio on the basis of resource availability

Correct Answer: B

Question 9

What has as its purpose - to collate key information for senior management on those change initiatives that will deliver the greatest contribution to the strategic objectives?

A. Portfolio delivery cycle

B. Management control practice

C. Portfolio definition cycle

D. Portfolio management principles

Correct Answer: C

Question 10

Which is NOT one of the three broad approaches to implementing portfolio management?

A. Big bang

B. One version of the truth

C. Evolution

D. Ad hoc

Correct Answer: A

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Peoplecert PeopleCert Management of Portfolio Foundation (PC0-005) Free Practice Test