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Exam Code: EX0-005
Exam Name: Management of Portfolio® Foundation
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Exam Code: EX0-002
Exam Name: PRINCE2 Foundation - Exam
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NO.1 How do portfolio and performance management coordinate to deliver strategic objectives?
1.Utilise the expertise of the performance management function in designing portfolio performance
metrics
2.Deliver change initiatives that contribute to strategic objectives
3.Incorporate the anticipated impact of the portfolio in performance targets

NO.2 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
Answer: B

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NO.3 Which of the following is a consequence of the portfolio definition cycle being managed well?
A. Resources are re-allocated when required resulting in the portfolio remaining strategically aligned
B. The portfolio governance body makes informed decisions on the composition of the portfolio
C. Initiatives will be started without considering their fit with the current portfolio
D. Resources, risks and dependencies will be efficiently and effectively managed
Answer: C

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6. 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
Answer: A

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7. Which is NOT a 'key to success' of an energized change culture?
A. A learning organization in which lessons learned are captured, disseminated and acted upon
B. Collaborative working including adapting the reward and recognition systems to reflect and
encourage desired corporate behaviours
C. A Portfolio Office that is appropriately skilled with an agreed mandate
D. Role descriptions clearly link personal objectives with strategic objectives
Answer: C

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8. What role is responsible for monitoring portfolio progress and resolving issues that may
compromise delivery and benefits realization?
A. Portfolio Benefits Manager
B. Portfolio Direction Group
C. Portfolio Progress Group
D. Portfolio Manager
Answer: C

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9. How does portfolio management support effective corporate governance?
A. Controls the major changes to business as usual
B. Clarifies responsibility and accountability for making decisions on which programmes and
projects will be funded
C. Ensures that the organization's change initiatives represent the optimal allocation of limited
resources
D. Provides a means by which the link between strategy and resource allocation can be maintained
Answer: D

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10. Which is one of the 5 portfolio management principles?
A. Portfolio delivery
B. Governance alignment
C. Categorize
D. Management by exception
Answer: B

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NO.4 Ensure the performance management function are engaged at an early point in the development
of business cases
A. 1,2,3
B. 1,2,4
C. 1,3,4
D. 2,3,4
Answer: C

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4. Which is a main element in the resource management practice?
A. Understanding the demand for constrained resources
B. Motivating people to commit to the delivery of shared goals
C. Scheduling portfolio initiatives to avoid adversely impacting operational performance
D. Emphasising the need to operate as one team
Answer: A

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NO.5 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
Answer: A

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Exam Code: EX0-007
Exam Name: Portfolio, Programme and Project Offices® Foundation
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Last Update: 2014-07-29

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Exam Code: EX0-002
Exam Name: PRINCE2 Foundation - Exam
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Last Update: 2014-07-29

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Exam Code: ASF
Exam Name: Agile Scrum Foundation
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Last Update: 2014-07-29

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NO.1 Which is a purpose of the Consultancy and Performance Management role?
A. Assists with budget control
B. Creates, maintains and distributes good practice
C. Provides benefits realization support
D. Identifies, monitors and resolves issues
Answer: B

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7. What is used to assist senior managers to determine their core problems and the services to
be delivered by aP3Omodel?
A. Business process swimlanes
B. Knowledge management tools
C. Capacity planning for resource management
D. P3OValue Matrix
Answer: D

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8. Which is a functional area within aP3Omodel?
A. Hub Portfolio Office connected by spokes
B. COE functions or services
C. Virtual Office
D. Flexible resource pool
Answer: B

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9. How does aP3Omodel make a significant contribution to the successful delivery of an
organization's strategy?
A. Acts as risk owner of project risks to ensure common standards are applied
B. Provides quality information to enable senior management decisions on which projects to start
up
C. Helps operational managers determine business as usual priorities
D. Decides the appropriate priority of each programme and project
Answer: B

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10. 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
Answer: B

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11. Which is a key activity of the Identify' process in the permanentP3Olifecycle?
A. Delivering the new capability
B. Planning tranches of delivery
C. Analysing stakeholders and planning communications
D. Assessing the current state ofP3Oprovision
Answer: D

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12. Which describes how P3M3 assessments are used when implementing aP3O?
A. Document new processes to be followed
B. Define the skills needed in the implementation team
C. Develop a tranche-based plan that suits maturity levels
D. Assess project or programme complexity
Answer: C

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13. Which role's purpose is to facilitate the development of the portfolio, programme or project
dependency logs?
A. Change Control
B. Issue
C. Information Management
D. Planning and Estimating
Answer: D

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14. Which office within aP3Omodel provides delivery support to the'Identify' process of a
programme?
A. Temporary Project Office
B. Organization Portfolio Office
C. COE
D. Temporary Programme Office
Answer: B

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15. Which is a specified constraint that may impact the benefits delivered by implementing
aP3Omodel?
A. An organization's ability to adapt to change
B. Overall programme and project success rates
C. AP3Ochampion providing senior management commitment
D. Belief that complying with repeatable processes is bureaucratic
Answer: A

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NO.2 WhichP3Omodel features a single permanent office providing strategic planning and portfolio
support?
A. P3Omodel with Hub Portfolio Offices
B. Organization Portfolio Office
C. Temporary Office
D. Virtual Office
Answer: B

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NO.3 Which is a responsibility of theP3OSponsor role?
A. Ensure the portfolio delivers the required strategy
B. Secure the investment required to set up theP3O
C. Recruit the Portfolio Office staff members
D. Recommend an appropriate mix of programmes and projects
Answer: B

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NO.4 Which is a function of strategic mapping software?
A. Distributes and shares learning among the PPM community
B. Models an organization's systems and processes
C. Matches programmes and projects to portfolio benefits and outcomes
D. Supports a common, integrated approach to risk management
Answer: C

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NO.5 Which is NOT a strategic planning or portfolio support function?
A. Prioritizing programmes within the portfolio
B. Providing a single flexible resource pool
C. Aligning programmes with strategic objectives
D. Providing oversight, scrutiny and challenge
Answer: B

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NO.6 Which is an Information Assurance concept that ensures aP3Ocan supply information to the
business when needed?
A. Asset management
B. Configuration management
C. Availability
D. Confidentiality
Answer: C

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