114 ◾ PfMP® Exam Practice Tests and Study Guide
15. As the Director of Human Resources, you were pleased to be asked to join
the Portfolio Steering Committee in your organization as you feel you can
contribute given the scarce subject matter experts as your company begins
to enter a new market in children’s toys rather than its main focus on video
games and apps. Children’s toys will represent a new portfolio in the com-
pany. However, while you will concentrate primarily on the resource alloca-
tion issue as you work to determine the types of projects and programs to
pursue, it is important as well to recognize that:
a. External procurements may be needed to acquire the SMEs
b. The budgets allocated for day- to- day activities may be impacted
c. The existing portfolio’s prioritization criteria will denitely require
changes
d. The benets from existing programs under way may not be realized
16. Assume you completed your portfolio performance management plan, and it
was approved by the Oversight Committee. This plan, with an overall pur-
pose to maximize portfolio performance, describes resource allocation and
resource- related issues among other items. In it a key component is benets
realization. This emphasis on benets planning provides:
a. Examples for templates for benets realization planning
b. Methods to evaluate the expected net benets
c. An approach focusing on continuous improvement in overall
performance
d. Methods to assist in benet identication
17. Assume your company recently diversied, and in addition to producing its
recognized brand of ice cream products, it now also is producing cereal and
nutritional products. Assume you have been using the Efcient Frontier to
manage portfolio value. With diversication to these new products:
a. Each product line should have its own portfolio to use the Efcient
Frontier approach effectively
b. The best possible portfolios are shown above the portfolio curve
c. The same expected return from the portfolio may be possible
d. The new potential portfolio outcomes concerning success criteria can be
determined