Online Access Free PC0-005 Practice Test

Which is NOT an acceptable approach to budgeting in the context of portfolio management?

• A.Budgets are devolved to strategic business units for both BAU and change initiatives, with portfolio management applied across the units to co-ordinate cross-organizational change initiatives
• B.Budgets are devolved to strategic business units for both business as usual (BAU) and change initiatives, with portfolio management applied within each strategic business unit
• C.Budgets are devolved to strategic business units for BAU but budgets for change initiatives controlled centrally, with portfolio management applied across the units
• D.Budgets are devolved to strategic business units for BAU, but budgets for change initiatives are controlled centrally, with portfolio management applied within each strategic business unit

Which of the following is a main element of the financial management practice?

• A.Categorization of benefits as cashable and non-cashable
• B.Consideration of financial liabilities arising from performance and guarantee bonds
• C.Application of staged release funding linked to stage/phase gates
• D.Sub-portfolios are periodically reviewed

Which is a benefit of portfolio management?

• A.Enables best management practices such as PRINCE2 and MSP to be mandated
• B.Justifies the application of sophisticated software tools
• C.Detailed approaches are prescribed that are applicable to most organizations
• D.Enables more efficient resource utilization

Which is NOT a 'key to success' of the financial management practice?

• A.Post-implementation reviews
• B.Alignment of the portfolio and financial reporting cycles
• C.Staged release of funding
• D.Regular reporting of progress against plan

Which is one of the first seven steps in a staged implementation of portfolio management?

• A.Adopt sophisticated approaches to prioritizing initiatives
• B.Create an annual plan including a delivery schedule and report progress against it
• C.Preparation of an organization-wide Implementation Plan encompassing all 12 practices
• D.Implement a software solution to aid portfolio resource management