Practice Test 1 ◾ 155
144. Since you work for a global aerospace and defense organization, it decided
to pilot the implementation of portfolio management in its cargo aviation
business unit. You were asked to lead this initiative and realized before you
could proceed, you should nd out information about all the existing proj-
ects, programs, and operational activities. This task took three months to
complete, but with this list, you now can use it to set up categories for the
work that is under way and to also dene criteria to use to propose new
components. As a result you should:
a. Determine how to optimize the existing work
b. Ensure the criteria and categories are aligned with the portfolio roadmap
c. Set up a Portfolio Review Board
d. Prepare a portfolio performance plan
145. You prepared a portfolio risk management plan when you replaced the
previous portfolio manager three years ago. However, recent structural and
execution risks have affected the portfolio adversely, resulting in lost oppor-
tunities and a decrease in overall return on investment. You are updating the
risk management plan as now stakeholders can see its value. In doing so,
you can use some portfolio process assets such as:
a. Lessons learned
b. Portfolio algorithms
c. Vision statements
d. Risk categories
146. You are working diligently to ensure people throughout the organization
realize the importance of portfolio management. To do so, you are prepar-
ing a communications strategy. When you distribute it, you will be able to
show you can satisfy information requirements in order to:
a. Show the data you plan to collect will be analyzed
b. Provide credibility for a portfolio management process
c. Meet the organization’s objectives
d. Push information to stakeholders on portfolio status
147. After three months, you have a list of all the program, project, and ongo-
ing work being done in your 500-person Division of your State Government
Agency. With this list, the next step is to:
a. Determine the prioritization model to follow
b. Convene a meeting of the Portfolio Review Board
c. Assess gaps in meeting the Agency’s strategic objectives
d. Prepare a portfolio performance plan