Project Governance, Portfolio & Project Management

Program Resource Management is focused on balancing resource needs, which only includes people. Select one: True False

Question 2 In the process of developing a program management model, the text suggests that a "straw model" be created at first, a "rough draft" that can be used to encourage discussion and analysis. However, it can create problems of its own. Which of the following are listed as possible problems? Select one: a. People might not examine the model closely

b. People assume model is correct

c. People don't feel like they have contributed to the model and don't feel it belongs to them.

d. All of the above

e. None of the above

Question 3 In the 2013 Forrester Article, Next-Generation Portfolio Managment: Strategic, Lean, and Delivery-Enabled, 70% of the over 3,600 budget decision-makers surveyed agreed that IT hinders or is neutral in accelerating business success. True False

Question 4 The textbook shows the roles and responsibilities of the major players in program governance ( project manager, program manager, steering committee and executive sponsor) based on two factors - Business Impact/Business Change and Issue Severity/Risk Level.

Which two roles are responsible for the decisions with both the highest business impact and highest issue severity level?

Select one:

a. Project Manager and Program Manager

b. Program Manager and Steering Committee

c. Steering Committee and Executive Sponsor

d. None of the above

Question 5 The text recommends that benefits realization goals are mapped to SMART principles. SMART stands for

Select one:

a. Specificity, Measurable, Attainable, Risk, Time Frame

b. Specificity, Measurable, Attainable, Relevancy, Time frame

c. Specificity, Marketable, Attainable, Relevancy, Time frame

d. Specificity, Marketable, Attainable, Relevancy, Testing

Question 6 Which of the following is NOT one of the tips suggested by your text when setting up KVIs and metrics?

Select one:

a. Can be combined across industry, company and market segment - do not have to be unique.

b. Must be mapped to business operations, because this is where the work is executed.

c. Company systems must be able to support timely analysis.

d. Should be broken down to a level that employees can understand and relate to.

Question 7 KVIs (or Key Value Indicators) should be determined for each business outcome, according to your text. but do not relate back to customer needs.

Select one: True False

Question 8 Per the course text, in implementing the Performance Improvement Measurement Technique, the perspectives of the Board of Directors need to be incorporated.

Select one: True False

Question 9 Per the author of the course text, the development and implementation of a governance model entails all of the following except

Select one:

a. Resolve program issues and mitigate program risks

b. Communicate program governance model

c. Understand and analyze organization structure

d. Finalize program governance model

e. Build a straw program governance model

10. Which of the following is not part of the best practice approach to business outcome management per the author of the book "Transforming Business with Program Management"?

Select one:

a. Outcome sustainment and measurement.

b. Outcome initiation

c. Outcome delivery tracking.

d. Outcome definition and validation.