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Exin MOPF Management of Portfolio Foundation Exam Practice Test

Demo: 15 questions
Total 100 questions

Management of Portfolio Foundation Questions and Answers

Question 1

Which is a benefit of portfolio management?

Options:

A.

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

B.

Justifies the application of sophisticated software tools

C.

Enables more efficient resource utilization

D.

Detailed approaches are prescribed that are applicable to most organizations

Question 2

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

Options:

A.

Portfolio Management Framework

B.

Portfolio Benefits Realization Plan

C.

Portfolio Benefits Management Framework

D.

Portfolio Dashboard

Question 3

What has as its purpose: To ensure the successful implementation of the planned change initiatives as agreed in the Portfolio Strategy and Delivery Plan?

Options:

A.

Portfolio definition cycle

B.

Portfolio management

C.

Resource management

D.

Portfolio delivery cycle

Question 4

Which is one of the 5 portfolio management principles?

Options:

A.

Portfolio delivery

B.

Governance alignment

C.

Categorize

D.

Management by exception

Question 5

Which is a responsibility of the Portfolio Direction Group / Investment Committee?

Options:

A.

Ensure the portfolio is properly balanced

B.

Champion the implementation of portfolio management across the organization

C.

Develop the organization's Portfolio Benefits Management Framework

D.

Ensure business case data is prepared on a consistent basis across the organization

Question 6

Which is a way of sustaining progress in the implementation of portfolio management?

Options:

A.

Introduce completely new processes for portfolio management rather than trying to build on existing organizational processes

B.

Adopt a big bang approach rather than an incremental or staged approach

C.

Align reward and recognition processes for senior management to appropriate behaviours

D.

Ensure the organization uses the most sophisticated software solution available rather than tailoring the tools that it already uses

Question 7

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

Options:

A.

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

B.

Ensuring the Portfolio Manager champions the implementation of Portfolio Management

C.

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

D.

Prioritizing the portfolio on the basis of resource availability

Question 8

Which is a main element of the management control practice?

Options:

A.

Decision conferencing

B.

Benefits eligibility rules

C.

Stage or phase gates

D.

Strategy alignment

Question 9

Which affects how the MoP principles and practices are adapted by an organization?

Options:

A.

The organization's experience in the use of relevant IT solutions

B.

The organization's use of sophisticated approaches

C.

The organization's maturity in project and programme management

D.

The organization's track record in terms of customer satisfaction

Question 10

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

Options:

A.

Clear arrangements for benefits tracking

B.

A portfolio-level Benefits Realization Plan

C.

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

D.

Demonstrable senior management commitment

Question 11

Which of the following is a main element of the management control practice?

Options:

A.

Collaborative working between the Portfolio Office and the organizations communications experts

B.

A consistent approach to benefits categorization

C.

Guidance and templates for business case preparation

D.

Tailored investment criteria

Question 12

How does portfolio management support effective corporate governance?

Options:

A.

Controls the major changes to business as usual

B.

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

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

Question 13

Which is a portfolio definition practice?

Options:

A.

Governance alignment

B.

Reference class forecasting

C.

Understand

D.

Resource management

Question 14

Which is one of the first seven steps in a staged implementation of portfolio management?

Options:

A.

Preparation of an organization-wide Implementation Plan encompassing all 12 practices

B.

Create an annual plan including a delivery schedule and report progress against it

C.

Implement a software solution to aid portfolio resource management

D.

Adopt sophisticated approaches to prioritizing initiatives

Question 15

Which of the following is a consequence of the portfolio definition cycle being managed well?

Options:

A.

Resources are re-allocated when required resulting in the portfolio remaining strategically aligned

B.

The portfolio governance body makes informed decisions on the composition of the portfolio

C.

Initiatives will be started without considering their fit with the current portfolio

D.

Resources, risks and dependencies will be efficiently and effectively managed

Demo: 15 questions
Total 100 questions