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EXIN Management of Portfolio® Foundation Sample Questions:

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 is one of the keys to success of the portfolio management principle: strategy alignment?

A) Lessons learned are disseminated and acted upon
B) Roles, responsibilities and accountabilities are clearly defined
C) Stakeholders understand how portfolio decisions are made
D) The portfolio is reviewed regularly

3. 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 which projects will deliver the change and how they are being monitored
B) By explaining when the impacts of change initiatives will be observed and how they will be measured
C) By explaining which programme will deliver the change and how it is being monitored
D) By explaining who is responsible for realizing benefits and how their performance will be assessed

4. What is the definition of portfolio management?

A) A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual
B) An approach, or line to take, designed to achieve a long-term aim
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) Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned

5. Which describes a'key to success' of the resource management practice?

A) Introduction of standard forms for estimating the programme and project staff required on initiatives
B) Releasing funding for change initiatives as they complete each stage gate
C) Prioritizing change initiatives on the basis of risk/achievability and return/attractiveness
D) The management board agree the high-level objectives for the portfolio

Solutions: