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Last Updated: Jun 05, 2026
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1. What is the definition of portfolio management?
A) A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual
B) An approach, or line to take, designed to achieve a long-term aim
C) Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned
D) Carrying out the co-ordinated organization, direction and implementation of a dossier of projects and transformation activities to achieve outcomes and realize benefits of strategic importance to the business
2. Which is a way of sustaining progress in the implementation of portfolio management?
A) Adopt an incremental rather than a big bang approach
B) Use the most sophisticated software solution available
C) Introduce completely new processes rather than build on existing organizational processes
D) Align reward and recognition processes to departmental or functional performance
3. Which statement describes the relationship between portfolio management and business as usual (BAU) in terms of delivering strategic objectives?
A) Portfolio management realizes benefits when major changes are successfully implemented; BAU realizes benefits from tactical improvements
B) Portfolio management controls the major changes to BAU; BAU realizes benefits when major changes are successfully implemented
C) Portfolio management runs the business; BAU changes the business
D) Portfolio management realizes benefits when major changes are successfully implemented; BAU controls the major changes delivered by portfolio management
4. Which describes the relationship between business as usual and portfolio management?
A) Run the business, change the business
B) Change the business, run the portfolio
C) Change the business, change the portfolio
D) Run the business, run the portfolio
5. What affects how the MoP principles and practices are adapted by an organization?
A) The organization's use of sophisticated approaches
B) The organization's decision-making standards and processes
C) The organization's experience in the use of relevant IT solutions
D) The organization's operational targets
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
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