MOPF Online Practice Questions and Answers

The purpose of the [ ? ] is to collate key information that will provide clarity to senior management on the collection of change initiatives that will deliver the greatest contribution to the strategic objectives?

A. strategy alignment principle

B. benefits management practice

C. portfolio delivery cycle

D. portfolio definition cycle

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

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. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

What has as its purpose - to collate key information for senior management on those change initiatives that will deliver the greatest contribution to the strategic objectives?

A. Portfolio delivery cycle

B. Portfolio management principles

C. Portfolio definition cycle

D. Management control practice

Which are benefits of assessing the impact of portfolio management?

1.

It can help demonstrate a compelling case for investment in portfolio management

2.

It helps in the on-going development of more effective portfolio management practices

3.

It enables more effective implementation of programmes and projects via management of the project development pipeline, dependencies, and constraints

4.

The process of measurement can help ensure success - reflecting the management expression, what gets measured gets done'

A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

Identify the missing word in the following sentence. The Portfolio Management [ ? ] are the key foundations on which effective portfolio management is based.

A. practices

B. principles

C. cycles

D. techniques

Which illustrates a 'key to success' for the balance practice?

A. Use algorithms and investment rules to guide decision making

B. Use financial investment criteria, such as NPV

C. Clearly defining the scope of the portfolio and what constitutes a project

D. Use categorization to assess alignment to strategic objectives

Which is a main element of the risk management practice?

A. Adoption of the champion-challenger' model

B. Introduction of a summary investment appraisal template

C. Preparation of a Portfolio Management Framework

D. Implementation of an effective escalation path to the relevant portfolio governance body

Which is a main element of the benefits management practice?

A. Defined processes recorded in the Portfolio Management Framework

B. A shared vision of what the portfolio is designed to achieve

C. Present findings creatively

D. Feeding lessons learned from post-implementation reviews back into forecasting

Which is a result of an effectively managed portfolio delivery cycle?

A. There is clarity on the high level scope of potential change initiatives

B. The portfolio governance body makes informed decisions on the composition of the portfolio

C. Improved delivery on time and to budget

D. Change initiatives are planned in detail