286 ◾ PfMP® Exam Practice Tests and Study Guide
109. c. Portfolio milestones, risks, cost and schedule
The sponsor is providing funding, resources, and high- level scope
requirements and requires regular information on these items plus the
portfolio’s return on investment.
Portfolio Management Standard, p. 111
Task 3 in the ECO in Communications
110. d. Dened roles and responsibilities
While a number of organizational enablers can assist in the implemen-
tation process, one that is required is to have an understanding of the
dened roles and responsibilities of those staff members who will be
actively involved in the portfolio management process.
Portfolio Management Standard, p. 30
Task 7 in the ECO in Performance
111. d. It will be revised several times
As component information is collected, in order to ensure the neces-
sary level of completeness, the portfolio manager may need to revise it
several times.
Portfolio Management Standard, p. 64
Task 4 in the ECO in Strategic Alignment
112. c. You need to update the portfolio management plan
The sponsors and governance model are noted in this plan; the other
stakeholders who will require or benet from information as to what is
under way with the portfolio then are added to this plan.
Portfolio Management Standard, p. 107
Task 1 in the ECO in Communications
113. d. A dened change control structure
Signicant changes in the organization’s environment may lead to a new
strategic direction that impacts portfolio resources and components;
these changes then rely on a dened change control structure.
Portfolio Management Standard, p. 63
Task 4 in the ECO in Governance