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NEW QUESTION 11
What portfolio document sets the standards for consistent approaches to benefits management across the portfolio?
- A. Portfolio Benefits Management Framework
- B. Portfolio Management Framework
- C. Portfolio Dashboard
- D. Portfolio Benefits Realization Plan
Answer: A
NEW QUESTION 12
Fill in the missing word(s): _____ management is an approach to manage several related projects, intending to improve the performance of the entire programme.
- A. Portfolio
- B. Business Strategy
- C. Programme
- D. Business as Usual (BAU)
Answer: C
NEW QUESTION 13
Which is a responsibility of the Portfolio Direction Group / Investment Committee?
- A. Ensure business case data is prepared on a consistent basis across the organization
- B. Ensure the portfolio is properly balanced
- C. Champion the implementation of portfolio management across the organization
- D. Develop the organization's Portfolio Benefits Management Framework
Answer: B
NEW QUESTION 14
Which of the following are 'keys to success' of the organizational governance practice?
1. A shared vision for the portfolio
2. Focus on senior management
3. Business cases and progress are reviewed regularly
4. Shared understanding of the governance structure and processes
- A. 2, 3, 4
- B. 1, 2, 4
- C. 1, 2, 3
- D. 1, 3, 4
Answer: D
NEW QUESTION 15
Which are suggested techniques to align the portfolio with strategy where measures of strategic success have not been clearly defined?
1. Rate the strategic contribution of an initiative as critical, highly desirable or desirable
2. Split the available funding into relevant portfolio segments
3. Create a Portfolio Strategy
4. Senior managers debate strategic alignment and come to a collective
decision on the portfolio
- A. 2, 3, 4
- B. 1, 2, 4
- C. 1, 2, 3
- D. 1, 3, 4
Answer: D
NEW QUESTION 16
Which is a main element of the management control practice?
- A. Benefits eligibility rules
- B. Stage or phase gates
- C. Strategy alignment
- D. Decision conferencing
Answer: B
NEW QUESTION 17
Which is an example of a performance metric that can be used to assess the impact of portfolio management?
- A. The successful delivery of linked projects and transformation activities to achieve an intended outcome
- B. Percentage increase in the number of customer complaints received during the implementation of a change initiative compared with the forecast level
- C. Percentage of initiatives delivered on time and/or budget compared within initial forecasts
- D. Percentage of milestones being achieved during a projects life cycle compared with the planned milestones
Answer: C
NEW QUESTION 18
What term describes portfolio delivery in the context of MoP?
- A. principle
- B. technique
- C. practice
- D. cycle
Answer: B
NEW QUESTION 19
Which statement describes 'comfortable energy'?
- A. Staff are happy with the way things are
- B. Staff do only the minimum that is required
- C. Staff are keen on problem solving and identifying new initiatives
- D. Staff actively hinder change and innovation
Answer: C
NEW QUESTION 20
Identify the missing words in the following sentence. Dependencies in a complex portfolio environment [?] but if not managed effectively can represent a serious risk to delivery.
- A. are a relatively simple matter
- B. are a non-critical part of the project plan
- C. are not always immediately obvious
- D. do not need to be summarised in a portfolio dashboard report
Answer: C
NEW QUESTION 21
If only some of the change initiatives are included in the organizational portfolio, additional checks will be required. What should these checks do?
- A. Assess whether corporate-level capacity planning is managed effectively
- B. Ensure that sub-portfolios remain consistent with the organizational level portfolio
- C. Monitor the risk that the portfolio governance body is overwhelmed with data
- D. Ensure that there is a common understanding of the portfolio governance framework
Answer: B
NEW QUESTION 22
What is reference class forecasting?
- A. An approach for implementing portfolio management in a less-stable environment, where strategy is also developing
- B. An approach for implementing portfolio management in a stable environment where the top management sets strategy
- C. Predicting future performance based on an assessment of the past performance
- D. An approach for implementing portfolio management part by part as and when time permits
Answer: C
NEW QUESTION 23
Which of the following are main elements of the risk management practice?
1. Implementing standards which apply to all change initiatives
2. Collaborative working to facilitate compliance with organizational
standards
3. An effective escalation process
4. Champion-challenger model
- A. 1, 3, 4
- B. 2, 3, 4
- C. 1, 2, 3
- D. 1, 2, 4
Answer: C
NEW QUESTION 24
Which of the following is NOT a main element of the benefits management practice?
- A. Clear arrangements for benefits tracking
- B. Inclusion of re-appraisal of benefits in portfolio-level reviews
- C. Demonstrable senior management commitment
- D. A portfolio-level Benefits Realization Plan
Answer: B
NEW QUESTION 25
How does portfolio management support effective corporate governance?
- A. Portfolio management assesses whether the programmes and projects within the portfolio are necessary, sufficient, achievable and affordable
- B. Portfolio management aligns performance and portfolio reporting in terms of timing and content
- C. Portfolio management links delivery of the organization's strategic objectives with investment in change in a transparent way that enhances effective accountability
- D. Portfolio management develops delivery capability across the organization
Answer: C
NEW QUESTION 26
Which affects how the MoP principles and practices are adapted by an organization?
- A. The organization's maturity in project and programme management
- B. The organization's track record in terms of customer satisfaction
- C. The organization's use of sophisticated approaches
- D. The organization's experience in the use of relevant IT solutions
Answer: D
NEW QUESTION 27
Which is one of the 5 portfolio management principles?
- A. Governance alignment
- B. Categorize
- C. Management by exception
- D. Portfolio delivery
Answer: A
NEW QUESTION 28
Which is NOT an acceptable approach to budgeting in the context of portfolio management?
- A. Budgets are devolved to strategic business units for both BAU and change initiatives, with portfolio management applied across the units to co-ordinate cross-organizational change initiatives
- B. Budgets are devolved to strategic business units for BAU but budgets for change initiatives controlled centrally, with portfolio management applied across the units
- C. Budgets are devolved to strategic business units for both business as usual (BAU) and change initiatives, with portfolio management applied within each strategic business unit
- D. Budgets are devolved to strategic business units for BAU, but budgets for change initiatives are controlled centrally, with portfolio management applied within each strategic business unit
Answer: D
NEW QUESTION 29
Which is NOT a 'key to success' of the financial management practice?
- A. Staged release of funding
- B. Alignment of the portfolio and financial reporting cycles
- C. Regular reporting of progress against plan
- D. Post-implementation reviews
Answer: D
NEW QUESTION 30
Which of the following is a consequence of the portfolio definition cycle being managed well?
- A. The portfolio governance body makes informed decisions on the composition of the portfolio
- B. Initiatives will be started without considering their fit with the current portfolio
- C. Resources, risks and dependencies will be efficiently and effectively managed
- D. Resources are re-allocated when required resulting in the portfolio remaining strategically aligned
Answer: B
NEW QUESTION 31
Which is one of the keys to success of the portfolio management principle: strategy alignment?
- A. The portfolio is reviewed regularly
- B. Lessons learned are disseminated and acted upon
- C. Stakeholders understand how portfolio decisions are made
- D. Roles, responsibilities and accountabilities are clearly defined
Answer: A
NEW QUESTION 32
Which portfolio definition practice checks prioritized change initiatives against factors such as:
timing; coverage of all strategic objectives; impact across the business etc?
- A. Prioritize
- B. Categorize
- C. Balance
- D. Plan
Answer: D
NEW QUESTION 33
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