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M_o_P (Management of Portfolio Foundation) Practice Test

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EXAM CODE: MOPF
EXAM NAME: M_o_P (Management of Portfolio Foundation)

Portfolio management helps organizations make decisions about implementing the right changes to their business as usual (BAU) activity via projects and programmes. The Management of Portfolios (MoP®) guidance provides senior executives and practitioners responsible for planning and implementing change, with a set of principles, techniques and practices to introduce or re-energize portfolio management.

- Senior management engagement supports effective portfolio management.
- Senior managers should support portfolio management.
- Approaches and techniques to align programmes and projects with organizational strategy.
- Techniques that facilitate strategic alignment even where strategic measures are not clearly defined.
- The services it provides.
- How it differs from a programme or project office.
- The elements of an energized change culture.
- The energy states.
- Sources of organizational energy.
- Understand
- Categorize
- Prioritize
- Balance
- Plan
- Three point estimating and reference class forecasting.
- Driver-based strategic contribution analysis.
- Multi-criteria analysis.
- Decision conferencing.
- Clear line of sight planning.
- Understanding the current portfolio.
- Splitting the portfolio into organizationally appropriate categories or segments.
- Using appropriate approaches to prioritize the portfolio.
- Considering what factors need to be taken into account in balancing the portfolio.
- Completing a portfolio strategy and delivery plan.
- Whether the approaches adopted are appropriate, with reasons, in a given scenario when:
- Understanding the current portfolio.
- Categorizing the portfolio.
- Prioritizing the portfolio.
- Balancing the portfolio.
- Completing a portfolio strategy and delivery plan.
- Management control
- Benefits management
- Financial management
- Risk management
- Stakeholder engagement
- Organizational governance
- Resource management
- Management by exception
- One version of the truth
- Staged release of funding
- Clear line of sight reporting
- Champion-challenger model
- Management control
- Portfolio-level benefits management
- Portfolio-level financial management
- Portfolio-level risk management
- Portfolio-level stakeholder engagement
- Portfolio-level resource management
- Management control
- Portfolio-level benefits management
- Portfolio-level financial management
- Portfolio-level risk management
- Portfolio-level stakeholder engagement
- Portfolio-level resource management
- The purposes of the main portfolio management roles identified in MoP:
- Portfolio Direction Group/Investment Committee
- Portfolio Progress Group/Change Delivery Committee
- Business Change Director/Portfolio Director
- Portfolio Manager
- Portfolio Benefits Manager
- The purposes of the main portfolio management documentation:
- Portfolio Management Framework
- Portfolio Benefits Management Framework
- Portfolio Strategy
- Portfolio Delivery Plan
- Portfolio Benefits Realization Plan
- Portfolio Financial Plan
- Portfolio Resource Schedule
- Portfolio Stakeholder Engagement and Communication Plan
- Portfolio Dashboard Report
- 01 The responsibilities of the main portfolio roles identified in MoP:
- Portfolio Direction Group/Investment Committee
- Portfolio Progress Group/Change Delivery Committee
- Business Change Director/Portfolio Director
- Portfolio Manager
- Portfolio Benefits Manager
- The recommended contents of the main portfolio management documentation:
- Portfolio Management Framework
- Portfolio Benefits Management Framework
- Portfolio Strategy
- Portfolio Delivery Plan
- Portfolio Benefits Realization Plan
- Portfolio Financial Plan
- Portfolio Resource Schedule
- Portfolio Stakeholder Engagement and Communication Plan
- Portfolio Dashboard Report
- Identify appropriate information, using typical contents, for inclusion
- Portfolio Management Framework
- Portfolio Benefits Management Framework
- Portfolio Strategy
- Portfolio Delivery Plan
- Portfolio Benefits Realization Plan
- Portfolio Financial Plan
- Portfolio Resource Schedule
- Portfolio Stakeholder Engagement and Communication Plan
- Portfolio Dashboard Report
- Portfolio Direction Group/Investment Committee
- Portfolio Progress Group/Change Delivery Committee
- Business Change Director/Portfolio Director
- Portfolio Manager
- Portfolio Benefits Manager
- Portfolio Management Framework
- Portfolio Benefits Management Framework
- Portfolio Strategy
- Portfolio Delivery Plan
- Portfolio Benefits Realization Plan
- Portfolio Financial Plan
- Portfolio Resource Schedule
- Portfolio Stakeholder Engagement and Communication Plan
- Portfolio Dashboard Report
- Portfolio Direction Group/Investment Committee
- Portfolio Progress Group/Change Delivery Committee
- Business Change Director/Portfolio Director
- Portfolio Manager
- Portfolio Benefits Manager

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MOPF
M_o_P (Management of Portfolio Foundation)
https://killexams.com/pass4sure/exam-detail/MOPF
1. Deciding where to invest - 'doing the right things'
2. Ensuring successful initiative delivery - doing things right'
3. 'Doing the right things' and 'doing things right' at a collective level
4. 'Doing the right things' and 'doing things right' at an individual initiative level
Answer: C
QUESTION: 91
What has as its purpose: To ensure the successful implementation of the planned change initiatives as agreed in the Portfolio Strategy and Delivery Plan?
1. Portfolio definition cycle
2. Portfolio management
3. Resource management
4. Portfolio delivery cycle
Answer: D
QUESTION: 92
Which is a main element of the benefits management practice?
1. Defined processes recorded in the Portfolio Management Framework
2. A shared vision of what the portfolio is designed to achieve
3. Present findings creatively
4. Feeding lessons learned from post-implementation reviews back into forecasting
Answer: D
QUESTION: 93
Which is a main element in the organizational governance practice?
1. Using stage gates to ensure initiatives are reviewed consistently based on strategic contribution and risk
2. Regular review of risks across the portfolio
3. Applying staged release of funding linked to stage gates
4. Clearly describing arrangements for benefits tracking and reporting
QUESTION: 94
Which is one of the three ways in which senior level engagement is crucial to effective portfolio management?
1. Endorsing the decisions the Portfolio Office make about the composition of the portfolio
2. Ensuring the Portfolio Manager champions the implementation of Portfolio Management
3. Creating a clear decision-making structure so that decisions are made swiftly and in line with business strategy
4. Prioritizing the portfolio on the basis of resource availability
Answer: C
QUESTION: 95
Which statements about the Portfolio Office (headed by the Portfolio Manager) are true?
1. It helps to ensure that a consistent approach is applied across the portfolio
2. It prepares the Portfolio Strategy and Delivery Plan
3. It is a temporary structure set up to assist with the delivery of change
4. It provides assurance to senior management on effective delivery of change
A. 1, 2, 3
B. 1, 2, 4
C. 1, 3, 4
D. 2, 3, 4
Answer: B
QUESTION: 96
Which is a way of sustaining progress in the implementation of portfolio management?
1. Introduce completely new processes for portfolio management rather than trying to build on existing organizational processes
2. Adopt a big bang approach rather than an incremental or staged approach
3. Align reward and recognition processes for senior management to appropriate behaviours
4. Ensure the organization uses the most sophisticated software solution available rather
Answer: C
QUESTION: 97
Which is a portfolio definition practice?
1. Strategy alignment
2. Multi-criteria analysis
3. Categorize
4. Benefits management
Answer: C
QUESTION: 98
Which is NOT a 'key to success' of an energized change culture?
1. A learning organization in which lessons learned are captured, disseminated and acted upon
2. Collaborative working including adapting the reward and recognition systems to reflect and encourage desired corporate behaviours
3. A Portfolio Office that is appropriately skilled with an agreed mandate
4. Role descriptions clearly link personal objectives with strategic objectives
Answer: C
QUESTION: 99
Which is a benefit of portfolio management?
1. Enables best management practices such as PRINCE2 and MSP to be mandated
2. Justifies the application of sophisticated software tools
3. Enables more efficient resource utilization
4. Detailed approaches are prescribed that are applicable to most organizations
Answer: C
QUESTION: 100
Which is a result of an effectively managed portfolio delivery cycle?
1. There is clarity on the high level scope of potential change initiatives
2. The portfolio governance body makes informed decisions on the composition of the portfolio
Improved delivery on time and to budget
3. Change initiatives are planned in detail
Answer: C

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