As the Director of the Portfolio Management Office at your worldwide furniture store, you prepare a series of reports on the status of the portfolio. One report that you use is a bubble diagram. In using it in terms of resource supply and demand, you should structure it to show:

A. Required resources and available resources

B. Resource availability and life cycle phase

C. Resource competency and component probability of success

D. Resource importance and probability of success

Your health insurance company has set up its portfolio into five different categories:

research and development, IT, Medicare, government health insurance, and non- government health

insurance. Funding is allocated yearly to each of these six categories. As the portfolio manager at the

enterprise level, you:

A. Ensure such allocations are reflected in the portfolio's strategic plan

B. Meet with the CFO and determine these allocations when the budget for the fiscal year is being prepared

C. Meet with the managers of the five portfolios once the budget allocations are known

D. Use your existing inventory of components in the portfolio and in the pipeline to determine funding allocations

Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. When it comes to Managing portfolio risks, a risk owner, along with the portfolio manager, should select the strategy or mix of strategies most likely to be effective. Which of the following may be the responsibility of a risk owner when it comes to managing risks?

A. Select primary and alternative strategies

B. Make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions

C. All of the options

D. Develop contingency plans and identify the conditions which trigger their execution

Portfolio management processes are performed in an environment broader than a portfolio; therefore, an organization-level implementation team supported by executive management, a governing body, and portfolio managers join forces to implement organization-level portfolio management processes. After Defining roles and responsibilities for portfolio management process implementation, what should be the FIRST next step?

A. Define and deploy detailed portfolio management processes and provide training to staff and stakeholders.

B. Changing business processes

C. Developing the Portfolio Strategic Plan

D. Communicate the portfolio management implementation plan

It is critical in portfolio management to focus on 'doing the right work'. This means stakeholder expectations and effective management of these expectations are essential. The primary conduit between the component managers and the other portfolio stakeholders is the:

A. Program or project sponsor

B. Portfolio manager

C. Chairperson of the Portfolio Review Board

D. Secretary of the Portfolio Review Board