96 ◾ PfMP® Exam Practice Tests and Study Guide
4. Your executives recently attended a conference and learned that your com-
pany is lacking because its portfolio management practices and resources
are inadequate. The executives learned that research reports showed an
effective portfolio management program leads to completing programs and
projects on time and under budget and increases ROI. However, in setting
up a portfolio process, a key item is:
a. A benets realization plan
b. A communications model
c. Information on progress and results
d. Managing scope
5. You set up a stakeholder matrix to show inuence and interest. Recently,
the director of manufacturing and also the director of human resources have
shown an interest in the portfolio, the Portfolio Oversight Group, how often
decisions are made, and how prioritization is done. You classied them in
your matrix as people to inform on an occasional basis but ones with a high
level of possible interest. This example shows:
a. It is necessary to provide more information consistently to those in this
category
b. The portfolio manager requires continual engagement with stakeholders
c. They should receive information on all portfolio decisions
d. They should be considered for openings on the Portfolio Oversight
Group if an existing member leaves
6. As the portfolio manager, most of your time is spent in communications
with stakeholders. You are concerned you may not be meeting their needs
as they seem to be requesting a number of ad hoc reports. You decided to
meet with representatives from each stakeholder group to assess lessons
learned for communications effectiveness. You next should:
a. Use the results from these sessions to revise the communication manage-
ment plan
b. Update portfolio process assets
c. Consider more effective ways to provide stakeholders with needed
information
d. Revisit roles and responsibilities for communications to increase timeli-
ness in responding to requests