QUESTION: 69

You are the manager of a major portfolio with a variety of stakeholders and stakeholder groups. you know that managing communication is key to success and you stress on maintaining a high communication level. As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Communication matrix is one of the prepared documents, what does it include?

Stakeholders roles, interests, expectations and groups
Stakeholders quadrants showing the level of interest and influence
Representation of all of the communication for the portfolio and their frequency over a period of time
Intended recipients, communication vehicles, frequency and communication areas

Answer(s): D

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QUESTION: 70

As a portfolio manager, you have been reporting the progress, status and performance regularly and you have been doing a good job so far. Reports are the primary documents to communicate portfolio status and be able to balance the mix of portfolio components to best align with objectives. When it comes to optimizing a portfolio, how can risk reports be used?

To be able to analyze occurred risks and cancel any component who has an increased risk
To be able to define the organization risk tolerance and update the Strategic Plan accordingly
To know about major risks and occurred issues in relation with the portfolio components
To assess achieved value and the confidence level in it

Answer(s): C

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QUESTION: 71

You have a portfolio component that is using earned value analysis. It is at the 15% point of completion, and it is evident that it cannot be completed as planned. Adding resources will not solve the problem, and at the last Portfolio Review Board meeting, the Board members decided to terminate this component based on its various risks. They then decided the resources allocated to this component could be transferred to other portfolio components enhancing their early completion and avoiding risks from competitors. As the portfolio manager, you:

Worked with the component managers to ease the transition
Documented these decisions in portfolio reports
Set up both quantitative and qualitative metrics to determine the usefulness of adding resources to the other components
Met with the affected component managers and their teams to explain these changes

Answer(s): B

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QUESTION: 72

Portfolio managers tend to use the efficient frontier analysis as a modeling approach that gives decision makers the analytical tool to optimize portfolios given resource constraints such as risk. Consider that your company is risk-averse, on which side of the efficient frontier curve should the undertaken portfolios lie?

Below the curve
Along the lower bounds of the curve
Above the curve
Along the upper bounds of the curve

Answer(s): B

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