P3OF Online Practice Questions and Answers

Where may standard techniques for a P3O exist in an organization?

A. Reported in management dashboards

B. Within a Business Case

C. As part of the P3O implementation plan

D. Within corporate standards and policies

What does a Hub Portfolio Office support?

A. Definition and delivery of a portfolio of change across an organization

B. Delivery of a specific change initiative being delivered as a programme

C. Consistent definition of standards across an organization

D. Definition and delivery of programmes within a division

Which of the following are governance responsibilities of a P3O model?

1.

Ensure the right level of decision is taken by the right person or group based on the right level of supporting information

2.

Provide approval at a stage gate without other sign-off if all issues are resolved

3.

Equip management boards with exception reports and associated options

4.

Provide appropriate rules for summarizing progress information

A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

Which of the following actions are recommended when implementing a P3O model with Hub Portfolio Offices?

1.

Appoint a P3O Sponsor to act as Senior Responsible Owner

2.

Allow temporary offices to define their own standards and processes

3.

Run the implementation as a programme with appropriate governance

4.

Use appropriate programme management lifecycles and processes

A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

Which is a typical constraint which impacts on how a P3O is implemented?

A. Pace of change must take into account current P3M3 maturity

B. Quality, standardized programme data is needed

C. P3O assurance services must be independent

D. P3O governance must align with existing corporate governance

Which is NOT a typical factor that may affect the design of a P3O model?

A. Organizational PPM maturity

B. Geographical divisions

C. Size of the organization

D. Challenge to current culture

Which is a purpose of measuring Key Performance Indicators for a P3O?

A. Demonstrate a P3O's successes to the organization

B. Determine project progress against its plan

C. Identify the resources required within a P3O

D. Identify areas of personal improvement for Project Managers

Where should an Organization Portfolio Office ultimately report?

A. Main board director

B. Corporate services function

C. Programme Manager

D. Head of P3O

Which is a responsibility of the P3O Sponsor role?

A. Ensure the portfolio delivers the required strategy

B. Secure the investment required to set up the P3O

C. Recruit the Portfolio Office staff members

D. Recommend an appropriate mix of programmes and projects

What is used to measure the success of a P3O?

A. Principles for extracting value

B. P3O Value Matrix

C. Key Performance Indicators

D. Complexity modeling