MOPF Online Practice Questions and Answers

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

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

How does portfolio management support effective corporate governance?

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

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

A. Application of staged release funding linked to stage/phase gates

B. Categorization of benefits as cashable and non-cashable

C. Consideration of financial liabilities arising from performance and guarantee bonds

D. Sub-portfolios are periodically reviewed

Which is a portfolio delivery practice?

A. Categorize

B. Financial management

C. Staged release of funding

D. Governance alignment

How does portfolio management enable the most effective balance of organizational change and business as usual?

1.

ensure change initiatives are agreed at the appropriate management level

2.

prioritize change initiatives in line with strategic objectives

3.

review change initiatives regularly in terms of progress, cost, risk, benefits and strategic contribution

4.

cancel change initiatives if other initiatives appear with a better predicted return

A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

Identify the missing word in the definition of portfolio management. A coordinated collection of [ ? ] processes and decisions that together enable the most effective balance of organizational change and business as usual.

A. business

B. strategic

C. programme

D. delivery

Why is it sometimes helpful to break down portfolio categories or segments into sub-categories?

A. To evaluate the benefits expected from each change initiative

B. To produce a ranked list of strategic changes, taking into account impact across the business

C. To assess the contribution of initiatives by expressing strategic objectives in greater detail

D. To ensure business cases are prepared on a consistent basis

Which documents are key outputs of the portfolio definition cycle?

A. Portfolio Management Framework and Portfolio Delivery Plan

B. Portfolio Benefits Management Framework and Portfolio Benefits Realization Plan

C. Portfolio Strategy and Portfolio Resource Schedule

D. Portfolio Strategy and Portfolio Delivery Plan

Which is a main element of the risk management practice?

A. Adoption of the champion-challenger' model

B. Introduction of a summary investment appraisal template

C. Preparation of a Portfolio Management Framework

D. Implementation of an effective escalation path to the relevant portfolio governance body

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

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