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Updated: May 31, 2026
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1. Which documents are key outputs of the portfolio definition cycle?
A) Portfolio Management Framework and Portfolio Delivery Plan
B) Portfolio Strategy and Portfolio Delivery Plan
C) Portfolio Strategy and Portfolio Resource Schedule
D) Portfolio Benefits Management Framework and Portfolio Benefits Realization Plan
2. 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) 2,3,4
B) 1,2,3
C) 1,3,4
D) 1,2,4
3. What is the definition of portfolio management?
A) Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned
B) An approach, or line to take, designed to achieve a long-term aim
C) A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual
D) Carrying out the co-ordinated organization, direction and implementation of a dossier of projects and transformation activities to achieve outcomes and realize benefits of strategic importance to the business
4. Which is a purpose of the categorize practice?
A) To obtain a clear and transparent view of what is in the development pipeline
B) To enable effective decision-making on the optimum use of funding and other resources
C) To ensure that every change initiative falls into a category that directly contributes to strategic objectives
D) To ensure that every category contains at least one change initiative
5. Which is NOT one of the three broad approaches to implementing portfolio management?
A) One version of the truth
B) Ad hoc
C) Evolution
D) Big bang
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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