CPP Project Governance & Portfolio Management 3

Question 1

A PMO is asked to implement a 'toll gate' process. What does this governance mechanism do?

Accepted Answer

Requires formal go/no-go approval at predefined decision points before proceeding

Answer

Toll gates (stage gates) are structured decision checkpoints where projects must receive formal approval to advance to the next phase.

Question 2

Portfolio balancing refers to the practice of:

Accepted Answer

Optimizing the mix of projects across risk, time horizon, and strategic dimensions

Answer

Portfolio balancing optimizes the investment mix across dimensions like risk level, strategic theme, and time-to-value to maximize portfolio outcomes.

Question 3

Which governance role is responsible for ensuring that program benefits align with and contribute to portfolio strategic objectives?

Accepted Answer

Portfolio Manager

Answer

The Portfolio Manager oversees the aggregated programs and projects to ensure collective benefits advance portfolio and organizational strategy.

Question 4

An organization uses a weighted scoring model for project selection. The primary advantage of this approach is:

Accepted Answer

It provides a transparent, repeatable framework for comparing projects against multiple criteria

Answer

Weighted scoring models bring structure and transparency to decisions by rating projects on multiple criteria with assigned weights.

Question 5

In project governance, 'escalation thresholds' are used to:

Accepted Answer

Define the variance limits at which issues must be elevated to a higher authority

Answer

Escalation thresholds specify the variance levels (cost, schedule, scope) that require a project manager to escalate to governance bodies for resolution.

(CPP) Certified Project Professional Practice Test

(CPP) Certified Project Professional Practice Test

CPP Project Governance & Portfolio Management 3