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

Which statement describes the purpose of the Portfolio Direction Group / Investment Committee?

A. The role that is responsible for approving changes to the portfolio delivery practices

B. The governance body where decisions about inclusion of initiatives in the portfolio are made

C. The governance body responsible for monitoring portfolio progress and resolving issues that may compromise delivery and benefits realization

D. Ensuring that a consistent fit for purpose' approach to benefits management is applied across the portfolio

What term describes portfolio delivery in the context of MoP?

A. practice

B. technique

C. principle

D. cycle

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

Which statement describes 'comfortable energy'?

A. Staff are keen on problem solving and identifying new initiatives

B. Staff do only the minimum that is required

C. Staff are happy with the way things are

D. Staff actively hinder change and innovation

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

Which statement describes the relationship between portfolio management and business as usual (BAU) in terms of delivering strategic objectives?

A. Portfolio management runs the business; BAU changes the business

B. Portfolio management realizes benefits when major changes are successfully implemented; BAU realizes benefits from tactical improvements

C. Portfolio management controls the major changes to BAU; BAU realizes benefits when major changes are successfully implemented

D. Portfolio management realizes benefits when major changes are successfully implemented; BAU controls the major changes delivered by portfolio management

Which portfolio management document contains key dependencies?

A. Portfolio Benefits Management Framework

B. Portfolio Stakeholder Engagement and Communications Plan

C. Portfolio Delivery Plan

D. Portfolio Resource Schedule

What is an objective of performing a gap analysis during the understand practice?

A. To identify change initiatives required to close the gap between current and target performance

B. To prioritize initiatives within the current portfolio to identify which are the organization's most important initiatives

C. To identify the gap between where the organization will be on current trajectory and where it needs to be to achieve its strategic objectives.

D. To identify resource requirements for business as usual against those required to deliver strategic changes

Which is a main element of the management control practice?

A. Decision conferencing

B. Benefits eligibility rules

C. Stage or phase gates

D. Strategy alignment

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

What role is responsible for monitoring portfolio progress and resolving issues that may compromise delivery and benefits realization?

A. Portfolio Benefits Manager

B. Portfolio Direction Group

C. Portfolio Progress Group

D. Portfolio Manager

Which is NOT an acceptable approach to budgeting in the context of portfolio management?

A. 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

B. 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

C. 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

D. Budgets are devolved to strategic business units for BAU but budgets for change initiatives controlled centrally, with portfolio management applied across the units

How do portfolio and performance management coordinate to deliver strategic objectives?

1.

Utilise the expertise of the performance management function in designing portfolio performance metrics

2.

Deliver change initiatives that contribute to strategic objectives

3.

Incorporate the anticipated impact of the portfolio in performance targets

4.

Ensure the performance management function are engaged at an early point in the development of business cases

A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

Which is NOT a 'key to success' of an energized change culture?

A. A learning organization in which lessons learned are captured, disseminated and acted upon

B. Collaborative working including adapting the reward and recognition systems to reflect and encourage desired corporate behaviours

C. A Portfolio Office that is appropriately skilled with an agreed mandate

D. Role descriptions clearly link personal objectives with strategic objectives