Project, Programme and Portfolio Management Flashcards

1
Q

Which of the following is a characteristic of a project rather than business-as-usual?

A Sustain the organisation to achieve its business purpose and goals.

B Repetitive, non-unique product, service or result.

C Formal line authority over functional unit personnel.

D Achieve objectives, then terminate.

A

D Achieve objectives, then terminate.

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2
Q

Which of the following is a consideration of project management?

A Making sure that operational management objectives are maintained as projects are delivered.

B Planning and executing effective communications within the project.

C Measuring business benefits of projects to ensure that, in retrospect, they have been a worthwhile consideration.

D Setting the organisation’s standards for excellence in project delivery.

A

B Planning and executing effective communications within the project.

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3
Q

Which of the following illustrates why project management is the most efficient way of managing change?

A It provides recommendations for the organisation to follow for employing a consultancy firm who specialise in change management.

B It provides a profile of the skills required when employing project managers.

C It ensures that the head of the organisation will always be accountable for achieving the benefits of all projects undertaken by that organisation.

D It utilises resources as and when required under the direction of a manager with single point responsibility.

A

D It utilises resources as and when required under the direction of a manager with single point responsibility.

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4
Q

Which of the following is not a characteristic of business-as-usual?

A Recruitment of new project managers.

B Operating new production machinery.

C Training of operations staff to become more safety aware.

D Introducing change.

A

D Introducing change.

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5
Q

When delivering a project, the project manager has to balance which of the following constraints?

A Configuration and delivery.

B Time, cost and quality.

C Cost, scope and change.

D Budget, cost and risk.

A

B Time, cost and quality.

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6
Q

Which of these is not a project management activity?

A Recruitment of project managers.

B Producing a business case

C Carrying out a post project review.

D Benefits realisation.

A

A Recruitment of project managers.

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7
Q

Which of the following would be considered as the best description of a project?

A A group f activities that are required to deliver a portion of work.

B A method of planning how work should be conducted.

C A sum of activities needed to meet specific objectives.

D A set of techniques used to deliver change.

A

C A sum of activities needed to meet specific objectives.

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8
Q

Which one of the following would be most situated to a project management approach?

A Maintaining existing systems.

B Operating new systems.

C Minor changes to existing systems.

D Introducing new systems.

A

D Introducing new systems.

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9
Q

Throughout the life of the project , schedule, cost and performance are always considered as:

A fixed throughout the life of the project.

B at the discretion of the project manager.

C agreed between project manager and business sponsor.

D the same for all projects regardless outcome.

A

C agreed between project manager and business sponsor.

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10
Q

Teams formed within an organisational structure and aligned to suit functional demands would best describe:

A business-as-usual

B a project

C a programme

D a portfolio

A

A business-as-usual

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11
Q

Which one of the following examples would most likely be delivered using a project management approach?

A Designing and building a prototype for a new type of electric vehicle.

B Managing the delivery of goods and services within a fixed-term contract.

C A drilling rig drilling multiple wells in a three-year exploration of new oil fields.

D Managing the first human space trip to explore the surface of Mars.

A

A Designing and building a prototype for a new type of electric vehicle.

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12
Q

Programme management could be defined as:

A The coordinated line management of a team of programme and project managers to achieve beneficial change.

B The coordinated management of a functional area of the business serving a number of different projects and programmes.

C The coordinated management of progress concerning a programme of activities identified in the project schedule.

D The coordinated management of projects and business-as-usual activities to achieve beneficial change.

A

D The coordinated management of projects and business-as-usual activities to achieve beneficial change.

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13
Q

One of the key benefits of programme management is that:

A it enables every project to be covered by one-all embracing plan.

B it reduces the need to assign priorities to individual projects within the programme.

C dependencies and interfaces between projects can be managed to greater business advantage.

D management time can be saved by grouping projects together under a single distinct programme.

A

C dependencies and interfaces between projects can be managed to greater business advantage.

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14
Q

Which of the following is a key part of programme management?

A Benefits management

B Quality management

C Scope management

D Operations management

A

A Benefits management

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15
Q

One responsibility of the programme manager is to:

A coordinate the planners between projects.

B manage the dependencies and interfaces between projects.

C ensure delivery to time according to the project schedule.

D manage interfaces between teams on a project.

A

B manage the dependencies and interfaces between projects.

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16
Q

Which is the correct statement? The programme manager can be responsible for:

A managing resource priorities between projects.

B carrying out post project reviews.

C defining the project responsibility assignment matrix.

D undertaking configuration management.

A

A managing resource priorities between projects.

17
Q

In most circumstances, which of the following could not be specifically attributed as a benefit of programme management?

A More efficient use of resources.

B Improved team working.

C More effective delivery of benefits.

D Project objectives linked to strategic objectives.

A

B Improved team working.

18
Q

Portfolio management could be described as:

A a group of projects brought together to form a strategic programme.

B the development of expertise and competency throughout the whole organisation.

C the strategic business plan that is developed to achieve organisational goals.

D selection, prioritisation and control of an organisation’s projects and programmes.

A

D selection, prioritisation and control of an organisation’s projects and programmes.

19
Q

Which of the following would best justify the implementation of portfolio management?

A When more projects that the organisation delivers need to be delivered on time and on budget.

B The organisation needs to have a stronger focus on realising the benefits from the projects that it delivers.

C Where there is a need for the organisation’s projects and programmes to be more aligned with its key business objectives.

D When there is a significant one-off project that needs to be delivered that is critical to the organisation’s business continuity.

A

C Where there is a need for the organisation’s projects and programmes to be more aligned with its key business objectives.

20
Q

Which is not a key responsibility of a portfolio manager?

A To ensure that the objective of each project, programme and business-as-usual operation is in line with the organisation’s strategic objectives.

B To prioritise allocation of resources to provide maximum benefit to the portfolio.

C To define detailed requirements for each project within the portfolio.

D To coordinate common processes to ensure maximum benefit.

A

C To define detailed requirements for each project within the portfolio.

21
Q

Which is a correct statement? A key advantage of portfolio management is that it:

A allows portfolio managers to focus more on day-to-day routine activities.

B ensure that any programmes or projects do not impact adversely on business-as-usual.

C reduces the interference of business-as-usual stakeholders in project work.

D avoids changes that may impact on business-as-usual activities.

A

B ensure that any programmes or projects do not impact adversely on business-as-usual.

22
Q

What is one of the main goals of portfolio management?

A To balance the implementation of change initiatives and the maintenance of business-as-usual.

B To allow portfolio managers to manage more on a day-to-day basis and so improve decision-making.

C To help each project manager deliver their project into business-as-usual and realise benefits.

D To reduce the amount of change that is implemented into business-as-usual and so avoid unnecessary impact on operations.

A

A To balance the implementation of change initiatives and the maintenance of business-as-usual.