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Exin MOPF Management of Portfolio Foundation Exam Practice Test

Demo: 15 questions
Total 100 questions
Get MOPF Full Access Download MOPF PDF

Management of Portfolio Foundation Questions and Answers

Question 1

Which is a portfolio delivery practice?

Options:

A.

Balance

B.

Energized change culture

C.

Management by exception

D.

Risk management

Question 2

How do portfolio and performance management coordinate to deliver strategic objectives?

1. Utilise the expertise of the performance management function in designing portfolio performance metrics

2. Deliver change initiatives that contribute to strategic objectives

3. Incorporate the anticipated impact of the portfolio in performance targets

4. Ensure the performance management function are engaged at an early point in the development of business cases

Options:

A.

1, 2, 3

B.

1, 2, 4

C.

1, 3, 4

D.

2, 3, 4

Question 3

Which statement about 'decision conferencing' is FALSE?

Options:

A.

Senior management debate and agree the scores/ratings for each initiative

B.

The Board approve a prioritized listing developed by the Portfolio Office

C.

A facilitator can help to ensure that a consensus is reached

D.

It can result in greater commitment by senior management to the portfolio

Question 4

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

Options:

A.

The portfolio is reviewed regularly

B.

Roles, responsibilities and accountabilities are clearly defined

C.

Lessons learned are disseminated and acted upon

D.

Stakeholders understand how portfolio decisions are made

Question 5

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

Options:

A.

The organization's decision-making standards and processes

B.

The organization's use of sophisticated approaches

C.

The organization's operational targets

D.

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

Question 6

Which is a result of an effectively managed portfolio delivery cycle?

Options:

A.

There is clarity on the high level scope of potential change initiatives

B.

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

C.

Improved delivery on time and to budget

D.

Change initiatives are planned in detail

Question 7

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'

Options:

A.

1, 2, 3

B.

1, 2, 4

C.

1, 3, 4

D.

2, 3, 4

Question 8

Which is NOT a 'key to success' of the financial management practice?

Options:

A.

Staged release of funding

B.

Alignment of the portfolio and financial reporting cycles

C.

Regular reporting of progress against plan

D.

Post-implementation reviews

Question 9

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

Options:

A.

Prioritizing change initiatives on the basis of risk/achievability and return/attractiveness

B.

Releasing funding for change initiatives as they complete each stage gate

C.

The management board agree the high-level objectives for the portfolio

D.

Introduction of standard forms for estimating the programme and project staff required on initiatives

Question 10

Which is a portfolio definition practice?

Options:

A.

Governance alignment

B.

Reference class forecasting

C.

Understand

D.

Resource management

Question 11

Which statement about multi-level portfolios is true?

Options:

A.

There should be clearly defined rules for delegation

B.

Investment decisions are only reviewed at corporate level

C.

Management of sub-portfolios is independent of the portfolio governance body

D.

All current and planned change initiatives must be included in one of the sub-portfolios

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 an example of a performance metric that can be used to assess the impact of portfolio management?

Options:

A.

Speed at which service is provided to customers from the point of first contact

B.

Speed at which initiatives, aimed at improving customer service, progress through the development pipeline

C.

Speed at which customer complaints are dealt with from point of receipt through to resolution

D.

Speed at which requests for change are assessed and responded to by individual projects and programmes

Question 14

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 15

Which is a solution to the dependency management challenge 'how to present complex information in an easily understandable form'?

Options:

A.

Organize a workshop to identify key dependencies

B.

Highlight key dependencies on the portfolio schedule

C.

Organize sessions for initiatives to agree potential dependencies

D.

Modify a version of the prioritization practice to focus on dependencies

Load More MOPF Questions
Demo: 15 questions
Total 100 questions
Get MOPF Full Access Download MOPF PDF