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P3O Foundation Project Office2013 Exam

Last Update 1 week ago Total Questions : 75

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Question # 1

Which is an underlying success factor for a Virtual P3O model?

A.

Good Heads of Hub Portfolio Offices are available

B.

Standards continue to be developed by monitoring external best practice

C.

Current culture and processes are challenged

D.

P3O costs are seen as an unnecessary overhead

Question # 2

Which information should a Business Case for a P3O provide?

A.

Reasons why any form of P3O is needed

B.

Roles of the staff working in the P3O

C.

Processes to be implemented by the P3O

D.

Appointed Head of P3O

Question # 3

Which is a function of strategic mapping software?

A.

Distributes and shares learning among the PPM community

B.

Models an organization's systems and processes

C.

Matches programmes and projects to portfolio benefits and outcomes

D.

Supports a common, integrated approach to risk management

Question # 4

How should the Head of P3O overcome the barrier of 'lack of focus on the full P3O model'?

A.

Gain acceptance of component offices delivered in tranches

B.

Build a vision and Business Case

C.

Develop minimalist processes with tailoring guidelines

D.

Address culture changes through targeted communications

Question # 5

Which is a typical constraint which impacts on how a P3O is implemented?

A.

Pace of change must take into account current P3M3 maturity

B.

Quality, standardized data is needed

C.

P3O assurance services must be independent

D.

P3O governance must align with existing corporate governance

Question # 6

Which of the following are recommended for the implementation of a P3O model?

1. Follow a recognized programme or project methodology

2. Define a budget and associated timescales to deliver

3. Appoint a P3O Sponsor

4. Use a programme approach to implement a single office P3O staffed by one individual

A.

1,2,3

B.

1,2,4

C.

1,3,4

D.

2,3,4

Question # 7

Which is an underlying success factor of a P3O model with Hub Portfolio Offices that enables appropriate localized application of standards?

A.

Tailoring core standards to meet local need

B.

Planning resource capacity at a local level

C.

Reviewing the Blueprint regularly

D.

Following a clearly defined business strategy

Question # 8

Which is a benefit of the portfolio prioritization and optimization technique?

A.

Highlights programme issues requiring intervention

B.

Documents repeatable processes enabling increased PPM maturity

C.

Provides resource capacity to the portfolio when required

D.

Supports senior management investment decisions by aligning programmes to strategy

Question # 9

Which is a purpose of the Head of P3O role?

A.

Provide a consultancy service to Programme and Project Managers

B.

Facilitate the development of an optimized portfolio

C.

Ensure alignment with wider policy and strategic initiatives

D.

Ensure the organization carries out the role of 'Informed Customer'

Question # 10

Which is needed when getting the investment for a P3O?

A.

Independence of assurance services

B.

Defined portfolio of change

C.

Provision of secretariat services

D.

Recognition of the need for change

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