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P3OF Portfolio & Programme and Project Offices Foundation Questions and Answers

Questions 4

Which P3O capability is MOST likely to result in being able to stop inappropriate programmes?

Options:

A.

Reduction in resource costs

B.

Ongoing alignment of programmes with strategic objectives and targets

C.

Reduction in overheads dealing with conflicting resources

D.

Increased ability to bundle related requests for change for programmes

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Questions 5

What is a portfolio, programme and project management standards office?

Options:

A.

Organization Portfolio

B.

Hub Portfolio

C.

Programme

D.

COE

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Questions 6

Which P3O model features a single permanent office providing strategic planning and portfolio support?

Options:

A.

P3O model with Hub Portfolio Offices

B.

Organization Portfolio Office

C.

Temporary Office

D.

Virtual Office

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Questions 7

Where should an Organization Portfolio Office ultimately report?

Options:

A.

Main board director

B.

Corporate services function

C.

Programme Manager

D.

Head of P3O

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Questions 8

Which is a responsibility of the P3O Sponsor role?

Options:

A.

Ensure the portfolio delivers the required strategy

B.

Secure the investment required to set up the P3O

C.

Recruit the Portfolio Office staff members

D.

Recommend an appropriate mix of programmes and projects

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Questions 9

Which of the following are key stakeholders in a temporary Project Office?

1. Organization Portfolio Office

2. Business as usual staff

3. Suppliers to the project

4. Project Board members

Options:

A.

1, 2, 3

B.

1, 2, 4

C.

1, 3, 4

D.

2, 3, 4

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Questions 10

What are risk identification and risk assessment workshops typically used for?

Options:

A.

Define the relative priority of each investment objective

B.

Identify threats as part of project initiation

C.

Brainstorm objectives for a project

D.

Define measures in a Benefit Profile

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Questions 11

What resource commitments should be taken into account as part of portfolio management?

Options:

A.

Programme only

B.

Programme and project only

C.

Programme and business as usual only

D.

Programme, project and business as usual

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Questions 12

Which is NOT a specific area where KPIs should be set as a minimum to measure a P3O model's success?

Options:

A.

Reduced cost of skilled resources

B.

Enhanced contribution to strategic objectives

C.

Improved portfolio balance in terms of overall risk

D.

Increased overall programme success rates in relation to benefits realization

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Questions 13

Which is a purpose of measuring Key Performance Indicators for a P3O?

Options:

A.

Demonstrate a P3O's successes to the organization

B.

Determine project progress against its plan

C.

Identify the resources required within a P3O

D.

Identify areas of personal improvement for Project Managers

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Questions 14

Which is a factor to consider when sizing a permanent office?

Options:

A.

Estimate of time taken to deliver each service provided by an office

B.

Number of people working on a single programme

C.

Amount of money being invested in a single programme

D.

Number of templates already produced

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Questions 15

Which of the following statements about Key Performance Indicators are true?

1. Can be used to maintain buy in and commitment from stakeholders

2. Will be the same for every P3O

Options:

A.

Only 1 is true

B.

Only 2 is true

C.

Both 1 and 2 are true

D.

Neither 1 or 2 is true

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Questions 16

Which is a characteristic of a Temporary Office model?

Options:

A.

Consists of Hub Portfolio Offices

B.

Results typically from low PPM maturity

C.

Provides support to ongoing portfolios

D.

Defines generic standards to be applied across a portfolio

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Questions 17

Which is NOT an independent assurance service provided by a P3O to a project?

Options:

A.

Co-ordinating gated reviews

B.

Facilitating lessons reviews

C.

Facilitating regular health checks

D.

Providing project support to a Project Manager

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Questions 18

Which is a responsibility of a Head of Programme Office role?

Options:

A.

Develop the Business Case for the implementation of a P3O Model

B.

Define the programme governance framework to meet the needs of the programme's business lead

C.

Assure the overall integrity and coherence of the programmes in the portfolio

D.

Lead collaborative learning forums to promote consistent programme management processes

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Questions 19

Which of the following are generic roles?

1. Portfolio Analyst

2. Project Specialist

3. Programme Officer

4. Head of P3O

Options:

A.

1, 2, 3

B.

1, 2, 4

C.

1, 3, 4

D.

2, 3, 4

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Questions 20

Which is an activity of the Deliver process within the permanent P3O lifecycle?

Options:

A.

Monitor the rate of change in the PPM community

B.

Conduct formal post-implementation reviews

C.

Design the implementation plan to deliver early critical improvements

D.

Define the future state of P3O provision

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Questions 21

What can be used to assess and document the current state of PPM functions?

Options:

A.

Capacity planning for resource management

B.

Complexity modelling

C.

P3O vision

D.

P3M3 assessments

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Questions 22

Which role has the authority to champion the setup of a P3O set-up?

Options:

A.

Head of Programme Office

B.

Head of P3O

C.

Portfolio Analyst

D.

P3O Sponsor

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Exam Code: P3OF
Exam Name: Portfolio & Programme and Project Offices Foundation
Last Update: Nov 27, 2023
Questions: 150
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