Online Access Free PC0-005 Exam Questions

Which of the following are main elements of the risk management practice?
1. Implementing standards which apply to all change initiatives
2. Collaborative working to facilitate compliance with organizational standards
3. An effective escalation process
4. Champion-challenger model

• A.2, 3, 4
• B.1, 2, 3
• C.1, 2, 4
• D.1, 3, 4

How does the identification of value drivers help an organization to prioritize change initiatives?

• A.By identifying the value of each of the benefits resulting from change
• B.By ensuring that all value drivers are specified as monetary values
• C.By allowing a relative weighting to be applied to each driver identified
• D.By focusing on the external factors which drive and shape strategy

Which illustrates a 'key to success' for the balance practice?

• A.Use algorithms and investment rules to guide decision making
• B.Clearly defining the scope of the portfolio and what constitutes a project
• C.Use categorization to assess alignment to strategic objectives
• D.Use financial investment criteria, such as NPV

Which is a way that portfolio management can help staff in business as usual understand the contribution that change initiatives will make to operational performance?

• A.By explaining when the impacts of change initiatives will be observed and how they will be measured
• B.By explaining who is responsible for realizing benefits and how their performance will be assessed
• C.By explaining which projects will deliver the change and how they are being monitored
• D.By explaining which programme will deliver the change and how it is being monitored

Which is a 'key to success' of the senior management commitment principle?

• A.Accountabilities for members of management boards will be defined by the Portfolio Office
• B.At least half of the management board must champion the implementation of portfolio management
• C.The Portfolio Strategy includes a compelling vision for the portfolio
• D.Senior managers' personal objectives are independent of the success of changes within the portfolio