222 ◾ PfMP® Exam Practice Tests and Study Guide
52. In your construction company, assume the Construction Industry takes each
company in various markets and rates it from best in class to the worst in
terms of overall customer satisfaction, quality, and health and safety. In the
past three years, your rm’s rating has been decreasing, and this year it was
last on the list. Your executives now realize drastic action is required and is
reexamining its portfolio. They have approved business cases for new pro-
grams and projects to reverse this trend. To do so, senior managers are leading
these new components, a PMIS has been established, and you are leading a
Portfolio Management Ofce. You prepared a portfolio strategic plan and an
innovative communications plan. In four years, the rm moved to number
two on this list. You attribute success to:
a. Strong executive support
b. Development of a robust yet customized portfolio management process
c. Stakeholder engagement from the start
d. A structured portfolio performance plan
53. Assume you work actively since you are the portfolio manager with your
stakeholders to provide a framework that is best to operationalize the stra-
tegic goals and objectives. However, your oil and gas company recently
acquired a major competitor, and it now is the largest in your country. Since
this merger, the company has completely changed its strategy. You realize
detailed stakeholder analysis is critical because:
a. The merger means the composition of the Review Board will change
b. Continuity and alignment of expectations are critical to success
c. The mix of components in the portfolio will change
d. You need stakeholder support for the portfolio function to continue
54. A PMIS can be a simple spreadsheet or a sophisticated software system.
Since your organization has a mature portfolio management process in use,
assume it has an enterprise software system to support it. This system is
used by component managers, the portfolio manager and staff, the portfolio
management ofce, and stakeholders at all levels, including executives. Such
an advanced system is helpful in that:
a. It links to the project management information system
b. It enables resource optimization
c. It has measures and templates for reporting
d. It links to the staff members’ knowledge, skills, and competency proles