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Portfolio Management Professional Questions 151–155 (page: 32)

Updated On: 10-Feb-2026

Consider you are a veteran portfolio manager and that you are managing the most important portfolio in your company. What are the processes you execute as part of the portfolio governance?

  1. Define Portfolio and Optimize Portfolio
  2. Portfolio Performance Management and Portfolio Communication Management
  3. Portfolio Management Plan and Portfolio Strategic Plan
  4. Define Portfolio and Authorize Portfolio

Answer(s): A



Following a recent portfolio health check, you noticed that your portfolio is not aligned with the strategic plan and actions should be taken to stop losing money. What should be your next course of action?

  1. Escalate to the executive management
  2. Update the Strategic Plan
  3. Escalate to Governance Board
  4. Escalate to sponsor directly

Answer(s): C



The Portfolio Management Office (PMO) provides support to the portfolio manager throughout the portfolio life cycle. Which of the below is not something that the PMO supports the portfolio manager with?

  1. Define Portfolio Management best practices
  2. Formulating component management standards
  3. Define Portfolio Management standards
  4. Formulate organizational standards

Answer(s): D



Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently determining if, when, what, and how of implementing the change in order to re-align the portfolio. What are you currently doing?

  1. Gap Analysis
  2. Readiness Assessment
  3. Change Analysis
    Stakeholder Analysis

Answer(s): B



Along the course of the portfolio, you will be recommending the initiation, termination and update of components. The governance bodies will be approving or rejecting your recommendations as part of their role in the authorization of the portfolio. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Authorize Portfolio Process?

  1. Make Governance Decisions
  2. Allocating resources to develop component proposals or execute portfolio components
  3. Create an up-to-date list of qualified portfolio component
  4. Balance the portfolio for performance and value delivery

Answer(s): B



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