Download PfMP® exam practice tests and study guide by Ginger Levin PDF

By Ginger Levin

"Preface in accordance with event in supporting humans to arrange for the PMP".

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PfMP® exam practice tests and study guide

"Preface in accordance with adventure in assisting humans to organize for the PMP".

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Sample text

Portfolio Management Standard, p. 64 Task 3 in the ECO in Governance 17. b. Greater than a predetermined minimum size Many organizations have limits as to which components must be officially approved to be part of the portfolio. For example, a small project that takes less than 40 hours to complete with one person doing the work typically would be excluded. Portfolio Management Standard, p. 67 Task 2 in the ECO in Governance 18. c. Portfolio reports require updates Resource capacity and capability reports are examples of the type of reports that may need to be updated as a result of the Provide Portfolio Oversight process.

One of the reasons your CEO is interested in setting up portfolio management in your consulting company is that he came from a background in new product development in which gate reviews were a common practice. However, portfolio management is a new concept in your consulting company as its work is received through competitive bids on proposals or through customer referrals. You also worked in portfolio management with the CEO at the other organization so were hired as the portfolio manager. You are establishing specific decision-­making rights and authorities and roles and responsibilities that are needed to manage progress based on: a.

A b c d 14. a b c d 5. a b c d 15. a b c d 6. a b c d 16. a b c d 7. a b c d 17. a b c d 8. a b c d 18. a b c d 9. a b c d 19. a b c d 10. a b c d 20. a b c d Governance ◾ 41 Answer Key 1. a. It highlights the need for a centralized and structured Governance Board and process By setting up a Portfolio Management Office, it then highlights why a structured governance process and board are needed especially if none were in existence leading to further benefits, discipline, and understanding of the importance of portfolio management throughout the organization.

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