Project, Programme and Portfolio Management Flashcards
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.
D Achieve objectives, then terminate.
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.
B Planning and executing effective communications within the project.
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.
D It utilises resources as and when required under the direction of a manager with single point responsibility.
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.
D Introducing change.
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.
B Time, cost and quality.
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 Recruitment of project managers.
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.
C A sum of activities needed to meet specific objectives.
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.
D Introducing new systems.
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.
C agreed between project manager and business sponsor.
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 business-as-usual
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 Designing and building a prototype for a new type of electric vehicle.
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.
D The coordinated management of projects and business-as-usual activities to achieve beneficial change.
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.
C dependencies and interfaces between projects can be managed to greater business advantage.
Which of the following is a key part of programme management?
A Benefits management
B Quality management
C Scope management
D Operations management
A Benefits management
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.
B manage the dependencies and interfaces between projects.
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 managing resource priorities between projects.
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.
B Improved team working.
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.
D selection, prioritisation and control of an organisation’s projects and programmes.
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.
C Where there is a need for the organisation’s projects and programmes to be more aligned with its key business objectives.
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.
C To define detailed requirements for each project within the portfolio.
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.
B ensure that any programmes or projects do not impact adversely on business-as-usual.
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 To balance the implementation of change initiatives and the maintenance of business-as-usual.
