QUESTION: 53

With the increasing use of drywall, your company, which has been in the plaster business for over three generations, is finding it harder to maintain a share of the market and to achieve a positive return on its investments. Three years ago, the corporate executives implemented a portfolio process, and they serve as the Portfolio Governance Council. They meet monthly, and after each meeting, you prepare a report of their decisions. This report
is:

Sent to all employees in the company as it focuses on employee empowerment and involvement
Distributed only to the Governance Council to serve as a record of their meetings
Is used to authorize the portfolio
Is used to analyze the effects of their decisions on the company's portfolio

Answer(s): C

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QUESTION: 54

Due to strategic changes, one of the sub-portfolios in your portfolio has been decided to be canceled because it no longer meets the new market demands. What is your next step as a portfolio manager?

Start terminating the component and return back the remaining resources to the resource pool
Analyze the impact of this cancellation on the overall portfolio and recommend a decision to the governance board
Meet the sub-portfolio's team in order to assess the impact
Consider it as a normal change, submit a change request for cancellation and wait for the governance board approval

Answer(s): A

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QUESTION: 55

Assume you are managing the corporate portfolio for your company noted for many products primarily focused on farm equipment. Recently it has diversified into other markets especially with the economic downturn in the country. While many of the traditional products are in the portfolio as new features are added to enhance customer satisfaction, one of the new product lines is a high-profile program that is ranked number five in the corporate portfolio. As the portfolio manager, you know this program has several interdependencies with other projects and programs, and recently this high-ranked program has experienced difficulties as needed technology is not available externally, and internal staff lacks the needed competencies to develop it. Its termination will be discussed at Friday's Portfolio Board meeting. You plan to discuss these interdependencies as part of your responsibilities in:

Resource allocation
Portfolio balancing
Financial management
Risk management

Answer(s): D

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QUESTION: 56

When we talk about portfolios, programs and projects, it is inevitable to mention the business value which is the sum of tangible and intangible assets of an organization, also known as the net quantifiable benefit. When it comes to business value, at which level of the organization is the delivery of Business Value optimized?

Portfolio
Project
Program
Operational

Answer(s): B

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QUESTION: 53

QUESTION: 54

QUESTION: 55

QUESTION: 56