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NEW QUESTION 24
Which of the following refers to use of the 'management by exception' technique?
- A. Providing a Dashboard Report with a transparent chain from strategic intent to benefits realization
- B. Specifying points at which reviews of initiatives are linked to funding release
- C. Reporting via the documented route and schedule
- D. Referring variances from plan that exceed control limits to the portfolio governance body
Answer: A
NEW QUESTION 25
Which is an objective of portfolio management?
- A. To ensure a single set of investment criteria are applied to all change initiatives
- B. To ensure the collection of change initiatives is sufficient to achieve the required strategic contribution
- C. To ensure the portfolio contains all business change within the organization
- D. To actively manage the deployment of project and programme staff
Answer: A
NEW QUESTION 26
Fill in the missing word(s): _____ management is an approach to manage several related projects, intending to improve the performance of the entire programme.
- A. Business Strategy
- B. Portfolio
- C. Business as Usual (BAU)
- D. Programme
Answer: D
NEW QUESTION 27
Which portfolio delivery practice ensures clarity about what decisions are made, where, when, and what criteria are used?
- A. Management control
- B. Resource management
- C. Organizational governance
- D. Benefits management
Answer: C
NEW QUESTION 28
Which is an objective of the Portfolio Strategy?
- A. Provide an overview of the portfolio linked to the strategic planning cycle
- B. Create the baseline information to be input into the resource schedule
- C. Document the short term view of what the portfolio is to achieve
- D. Promote discussion of any potential conflict between departmental and shared goals
Answer: A
NEW QUESTION 29
Which portfolio definition practice collates information from the portfolio definition cycle and creates a Portfolio Strategy?
- A. Categorize
- B. Balance
- C. Plan
- D. Prioritize
Answer: C
NEW QUESTION 30
Which is a purpose of the categorize practice?
- A. To ensure that every change initiative falls into a category that directly contributes to strategic objectives
- B. To ensure that every category contains at least one change initiative
- C. To obtain a clear and transparent view of what is in the development pipeline
- D. To enable effective decision-making on the optimum use of funding and other resources
Answer: D
NEW QUESTION 31
Which is a main element of the risk management practice?
- A. Introduction of a summary investment appraisal template
- B. Implementation of an effective escalation path to the relevant portfolio governance body
- C. Adoption of the champion-challenger' model
- D. Preparation of a Portfolio Management Framework
Answer: B
NEW QUESTION 32
What is an objective of performing a gap analysis during the understand practice?
- A. To prioritize initiatives within the current portfolio to identify which are the organization's most important initiatives
- B. To identify change initiatives required to close the gap between current and target performance
- C. To identify the gap between where the organization will be on current trajectory and where it needs to be to achieve its strategic objectives.
- D. To identify resource requirements for business as usual against those required to deliver strategic changes
Answer: A
NEW QUESTION 33
Which portfolio management document contains key dependencies?
- A. Portfolio Stakeholder Engagement and Communications Plan
- B. Portfolio Benefits Management Framework
- C. Portfolio Delivery Plan
- D. Portfolio Resource Schedule
Answer: C
NEW QUESTION 34
How does portfolio management support effective corporate governance?
- A. Portfolio management assesses whether the programmes and projects within the portfolio are necessary, sufficient, achievable and affordable
- B. Portfolio management develops delivery capability across the organization
- C. Portfolio management links delivery of the organization's strategic objectives with investment in change in a transparent way that enhances effective accountability
- D. Portfolio management aligns performance and portfolio reporting in terms of timing and content
Answer: C
NEW QUESTION 35
Which is a main element in the organizational governance practice?
- A. Using stage gates to ensure initiatives are reviewed consistently based on strategic contribution and risk
- B. Clearly describing arrangements for benefits tracking and reporting
- C. Applying staged release of funding linked to stage gates
- D. Regular review of risks across the portfolio
Answer: A
NEW QUESTION 36
Which is one of the three ways in which senior level engagement is crucial to effective portfolio management?
- A. Prioritizing the portfolio on the basis of resource availability
- B. Ensuring the Portfolio Manager champions the implementation of Portfolio Management
- C. Endorsing the decisions the Portfolio Office make about the composition of the portfolio
- D. Creating a clear decision-making structure so that decisions are made swiftly and in line with business strategy
Answer: D
NEW QUESTION 37
Which of the following are main elements of the risk management practice?
1. Implementing standards which apply to all change initiatives
2. Collaborative working to facilitate compliance with organizational
standards
3. An effective escalation process
4. Champion-challenger model
- A. 1, 3, 4
- B. 1, 2, 4
- C. 2, 3, 4
- D. 1, 2, 3
Answer: D
NEW QUESTION 38
Which is a portfolio definition practice?
- A. Multi-criteria analysis
- B. Strategy alignment
- C. Categorize
- D. Benefits management
Answer: C
NEW QUESTION 39
Which is a main element of the management control practice?
- A. Stage or phase gates
- B. Strategy alignment
- C. Decision conferencing
- D. Benefits eligibility rules
Answer: A
NEW QUESTION 40
How does portfolio management enable the most effective balance of organizational change and business as usual?
1. ensure change initiatives are agreed at the appropriate management
level
2. prioritize change initiatives in line with strategic objectives
3. review change initiatives regularly in terms of progress, cost,
risk, benefits and strategic contribution
4. cancel change initiatives if other initiatives appear with a better
predicted return
- A. 1, 3, 4
- B. 1, 2, 3
- C. 2, 3, 4
- D. 1, 2, 4
Answer: C
NEW QUESTION 41
What portfolio document sets the standards for consistent approaches to benefits management across the portfolio?
- A. Portfolio Benefits Realization Plan
- B. Portfolio Benefits Management Framework
- C. Portfolio Management Framework
- D. Portfolio Dashboard
Answer: B
NEW QUESTION 42
Identify the missing word in the definition of portfolio management. A coordinated collection of
[ ? ] processes and decisions that together enable the most effective balance of organizational change and business as usual.
- A. business
- B. delivery
- C. programme
- D. strategic
Answer: D
NEW QUESTION 43
Which is a responsibility of the Portfolio Direction Group / Investment Committee?
- A. Ensure business case data is prepared on a consistent basis across the organization
- B. Develop the organization's Portfolio Benefits Management Framework
- C. Champion the implementation of portfolio management across the organization
- D. Ensure the portfolio is properly balanced
Answer: D
NEW QUESTION 44
What is the definition of portfolio management?
- A. Successfully implementing planned change initiatives whilst ensuring the portfolio adapts to changes in strategic objectives, project and programme delivery, and lessons learned
- B. An approach, or line to take, designed to achieve a long-term aim
- C. A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual
- 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
Answer: C
NEW QUESTION 45
Fill in the blanks: Portfolio office members should NOT have the responsibility of _____.
- A. Actively participating in creating an energetic culture in project teams.
- B. Championing the portfolio within the organisation
- C. Approving the portfolio strategy and delivery plan
- D. Direct delivery of projects and programmes
Answer: D
NEW QUESTION 46
Portfolio management needs to coordinate with which of the following functions to ensure strategic objectives are achieved?
- A. Business as Usual (BAU)
- B. Benefits Management
- C. Performance Management
- D. Risk Management
Answer: C
NEW QUESTION 47
Which are suggested techniques to align the portfolio with strategy where measures of strategic success have not been clearly defined?
1. Rate the strategic contribution of an initiative as critical, highly desirable or desirable
2. Split the available funding into relevant portfolio segments
3. Create a Portfolio Strategy
4. Senior managers debate strategic alignment and come to a collective
decision on the portfolio
- A. 1, 2, 3
- B. 1, 2, 4
- C. 1, 3, 4
- D. 2, 3, 4
Answer: C
NEW QUESTION 48
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