P3OF Online Practice Questions and Answers

What model has permanent decentralized offices with temporary Programme Offices, as required?

A. P3O with Hub Portfolio Offices

B. P3O with Organization Portfolio Office

C. P3O with Temporary Offices

D. Virtual P3O

Which is a delivery support function offered within a P3O?

A. Reporting on progress through management dashboards

B. Provision of independent assurance of programmes

C. Provision of project support resources to projects

D. Alignment of change initiatives to strategy

Which is NOT a typical Key Performance Indicator which can be used to measure the success of a P3O?

A. Increased success of programmes delivering to budget

B. Improved portfolio balance in relation to spend on short term contract resource

C. Increased use of implemented tools by operations staff

D. Enhanced contribution measured against the Benefits Realization Plan

Which describes a feature of a co-located, rather than a distributed model?

A. Components of the standards will have separate owners

B. Team cohesion is achieved by staff working together in a permanent office

C. Communication via central information portals with collaborative working practices is essential

D. Functional experts provide services from within teams across the organization

Which are the activities of the implementation lifecycle for a permanent P3O?

A. Initiate, Define, Deliver Capability / Realize Benefits, Close

B. Identify, Define, Deliver Tranches, Close

C. Identify, Define, Deliver Blueprint, Close

D. Identify, Define, Deliver Capability / Realize Benefits, Close

Which is a common barrier to be overcome when agreeing a mandate for a P3O?

A. Carrying out P3M3 assessments

B. Agreeing the measures to be used to prioritize the portfolio

C. Agreeing the funding model for a P3O

D. Documenting processes via business process swimlanes

Which functional area considers risk against the ability to achieve planned outcomes for a specific business change?

A. Strategic planning/portfolio support

B. Delivery support

C. Project

D. COE

Which role should be the final point of escalation for a P3O which supports all change in an organization?

A. Portfolio Analyst

B. Finance

C. Head of P3O

D. Main board director

Which is a permanent office supporting the definition of a portfolio of programmes and projects within a geographical region?

A. Organization Portfolio Office

B. Hub Portfolio Office

C. Programme Office

D. Project Office

What should be described in a Blueprint?

A. Procedures to escalate risks to delivery of the portfolio

B. Templates for programme and project reports

C. Dashboards to replace business as usual reporting

D. Skills needed to implement the technology required

Which describes an objective of portfolio management?

A. Collect in one place all of the information about an organization s investment initiatives

B. Coordinate the implementation of a set of related projects and activities

C. Enable the most effective balance of organizational change and business as usual

D. Achieve outcomes and realize benefits that are of strategic importance to the business

Which describes the skills and competencies needed by the roles within a P3O?

A. All require good PPM skills

B. All require functional competencies such as finance

C. All require generic personal skills such as coaching or mentoring

D. Some require good PPM skills while others need more generic business skills

Which is NOT a functional role?

A. Benefits and Value

B. Information Management

C. Project Officer

D. Planning

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

Which activity first occurs during the 'Define' process in the permanent P3O model lifecycle?

A. Understand how stakeholders currently view the P3O functions provided

B. Create an outline vision of the required changes to the P3O functions provided

C. Determine in further detail the processes the P3O will operate

D. Deliver the enhanced P3O capability