MOPF Online Practice Questions and Answers

Which of the following refers to use of the 'management by exception' technique?

A. Providing a Dashboard Report with a transparent chain from strategic intent to benefits realization

B. Specifying points at which reviews of initiatives are linked to funding release

C. Reporting via the documented route and schedule

D. Referring variances from plan that exceed control limits to the portfolio governance body

Which are suggested techniques to align the portfolio with strategy where measures of strategic success have not been clearly defined?

1.

Rate the strategic contribution of an initiative as critical, highly desirable or desirable

2.

Split the available funding into relevant portfolio segments

3.

Create a Portfolio Strategy

4.

Senior managers debate strategic alignment and come to a collective decision on the portfolio

A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

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 portfolio definition practice checks prioritized change initiatives against factors such as: timing; coverage of all strategic objectives; impact across the business etc?

A. Prioritize

B. Plan

C. Categorize

D. Balance

Which of the following is a main element of the financial management practice?

A. Application of staged release funding linked to stage/phase gates

B. Categorization of benefits as cashable and non-cashable

C. Consideration of financial liabilities arising from performance and guarantee bonds

D. Sub-portfolios are periodically reviewed

Which of the following are main elements of the risk management practice?

1.

Implementing standards which apply to all change initiatives

2.

Collaborative working to facilitate compliance with organizational standards

3.

An effective escalation process

4.

Champion-challenger model

A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

Which is a benefit of assessing the impact of portfolio management?

A. More of the 'right' programmes and projects being undertaken

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

C. The portfolio governance body comes to a collective decision on the composition of the portfolio

D. More informed decisions concerning the initiation and scheduling of initiatives

Identify the missing words in the following sentence. Dependencies in a complex portfolio environment [?] but if not managed effectively can represent a serious risk to delivery.

A. are a relatively simple matter

B. are a non-critical part of the project plan

C. are not always immediately obvious

D. do not need to be summarised in a portfolio dashboard report

Which is one of the 5 portfolio management principles?

A. Portfolio delivery

B. Governance alignment

C. Categorize

D. Management by exception

Which is a benefit of portfolio management?

A. Enables best management practices such as PRINCE2 and MSP to be mandated

B. Justifies the application of sophisticated software tools

C. Enables more efficient resource utilization

D. Detailed approaches are prescribed that are applicable to most organizations