Practice Test 2 ◾ 231
82. Your low end department store has entered the grocery business in many of
its locations. It led to an increase in market share and a competitive advan-
tage. Strategic organizational goals are to expand add stores to handle grocer-
ies, expand to other states, attract upscale designers to add their products,
maintain its brand recognition of a clean and safe environment for shopping
with friendly staff, and also to add bistros. However two weeks ago, there
was a major security breach affecting customers in the stores throughout your
country, and millions of people ended up with security fraud. On Friday, the
Portfolio Review Board will review proposals for new components as well as
progress with the existing components. But, resources already are stretched
too thin, meaning some components will need to be terminated, or only one
new component can be added. The Board should elect to:
a. Add a component to restore brand image
b. Terminate components in ve states in your country to add groceries and
add components for bistros to those stores now offering groceries
c. Add a component to pilot test enhancing the company’s image by attract-
ing upscale designer clothes
d. Add a component to redesign existing stores so their appearance is fur-
ther enhanced
83. The portfolio risk management plan is used in many ways. Among other
things, it updates:
a. Portfolio funding
b. Risk checklists
c. Criteria to see if risks are identied consistently with the organization’s
risk strategy
d. The various identied risk categories and any sub- categories
84. Assume your dairy cooperative, which spans 15 states in your country, has
been focusing on improved project management and has an Enterprise
Project Management Ofce. It is now moving into portfolio management and
since you were a senior staff member in the PMO, you have been asked by
the CEO to lead the portfolio management process planning and implemen-
tation. You are a team of one person at this time, and the executive team
has asked you to rst provide program and project information to them. To
facilitate this request, you decide to:
a. Send out a survey to the program and project managers
b. Ask the PMO to gather this information for you
c. Interview the program and project managers and use the interviews to
explain why the cooperative is moving into portfolio management
d. Ask each member of the executive team to provide a point of contact for
you in his or her business unit or operations function and gather the data
through this person