146 ◾ PfMP® Exam Practice Tests and Study Guide
114. You are the CIO of a real estate investment trust (REIT) that invests in apart-
ments and condominiums in more than 50% of the states in your country.
Your organization has as its goal to respond to any concerns that arise
within 24 hours; for example, you want to make sure Wi- Fi sites are opera-
tional if there are any power outages, and people have soft phone service
available 24/7. You are a member of the REIT’s Portfolio Review Board, and
as a member of the executive team in terms of portfolio risk management,
you want to focus on:
a. Issues with product support
b. Identifying and managing liabilities
c. Interaction of component risks
d. Inconsistent processes
115. Assume at this point as the portfolio manager in your mattress company, you
are activating portfolio components, updating portfolio reports, and docu-
menting the decisions made at the recent Portfolio Governance Committee
meeting as the company moves into new markets. You are therefore:
a. Communicating decisions to all stakeholders
b. Maintaining a decision log from the Committee meeting
c. Updating the portfolio strategic plan
d. Authorizing the portfolio
116. As the portfolio manager, you must engage stakeholders and build and
maintain outstanding relationships with them as much as possible. After
identifying and classifying them, you want to make sure you provide the
specic information each stakeholder group requires. Therefore you prepare:
a. A communications strategy matrix
b. A communications matrix
c. A reporting frequency matrix
d. A stakeholder matrix
117. Assume your bank has decided to implement portfolio management. It
is starting with the business unit you lead, which is responsible for new
products, and then will set the stage to implement it throughout the bank,
including at the enterprise level. You have executive support and commit-
ment to implement it in your business unit. A key rst step is to:
a. Set up a governance structure
b. Dene roles and responsibilities for implementation
c. Prepare a portfolio performance plan
d. Prioritize the work to be done