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P3OF - Portfolio, Programme and Project Offices Foundation - Dump Information

Vendor : Exin
Exam Code : P3OF
Exam Name : Portfolio, Programme and Project Offices Foundation
Questions and Answers : 150 Q & A
Updated On : Click to Check Update
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P3OF Questions and Answers

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Which of the following are key responsibilities of the Portfolio Analyst role?

  1. Balance the portfolio in terms of strategic change against business as usual

  2. Make recommendations on an appropriate programmeƒproject balance

  3. Provide a fast−track prog

  4. Highlight problems relating to project interdependences


    A. 1, 2, 3

    B. 1, 2, 4

    C. 1, 3, 4

    D. 2, 3, 4


    Answer: B


    QUESTION: 145

    What is the MOST appropriate use of project planning software for an organization at P3M3 maturity level 1?


    1. Collaborative

    2. Individual

    3. Integrated

    4. Networking


      Answer: B


      QUESTION: 146

      Which of the following describe a decentralized P3O model?

      1. Uses hub offices to support local need

      2. Has a single office providing support to the entire organization

      3. Has a central office typically providing portfolio support

      4. Uses standards set by a central COE with local variations


        A. 1,2,3

        B. 1,2,4

        C. 1,3,4

        D. 2,3,4


        Answer: C


        QUESTION: 147

        Which is an underlying success factor of a P3O model with Hub Portfolio Offices that enables appropriate localized application of standards?


        1. Tailoring core standards to meet local need

        2. Planning resource capacity at a local level

        3. Reviewing the Blueprint regularly

        4. Following a clearly defined business strategy


Answer: A


QUESTION: 148

What role provides facilitated workshops to promote consistent project management practice?


  1. Project Specialist

  2. Project Officer

  3. Head of Project Office

  4. Secretariatƒadministrator


Answer: A


QUESTION: 149

Which is a section of the Blueprint?


  1. Business process swimlanes

  2. Information portal

  3. Vision Statement

  4. Processes (including operational costs and performance levels)


    Answer: D


    QUESTION: 150

    Which of the following describe the governance responsibilities of a P3O model?

    1. Provides the governance and control backbone for an organization's change initiatives

    2. Provides a single source for all data relating to the organization's change initiatives

    3. Implements rules for decision−making relating to programmes and projects

    4. Makes decisions on behalf of the main board


A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

image

D. 2, 3, 4


Answer: A


Exin P3OF Exam (Portfolio, Programme and Project Offices Foundation) Detailed Information

Within an organization often various projects are being managed at the same time. Some might be part of the same program, all are part of the same portfolio and hopefully they all support the business strategies. Management can easily lose track when several programs and projects are managed simultaneously while at all times the risks, impact, costs and expected outcomes of these projects should be clear. To get that clear overview companies can set up a Project, Program and Portfolio Management Office: a department for the purpose of the standardization of methodologies, processes and tools that support the various programs and projects. The P3O® framework offers guidance in setting up such an office.
The P3O framework enables management to make well informed decisions on strategic alignment, prioritization, risk management, optimization of resources and other key factors needed to successfully meet their business objectives. Due to the clear roles and responsibilities, issues, risks and changes are effectively dealt with. Potential opportunities are sooner identified as are upcoming changes to strategy, business issues or delays.
Target group
The P3O exams are aimed at those requiring an understanding of the supporting environment for successful programs and projects, either in a junior or senior role; portfolio managers looking for a
structure for prioritization and control of corporate investments and specifically those that want to learn how to justify, build and manage a Project Office.
Exams by levelCode
Foundation
P3O® Foundation Certificate in Portfolio, Programme and Project OfficesP3OF
Practitioner
P3O® Practitioner Certificate in Portfolio, Programme and Project OfficesP3OP
Practitioner Re-Registration
P3O® Practitioner Re-Registration CertificateP3OP_re
P3O® Foundation Certificate in Portfolio, Programme and Project Offices
P3O® Foundation Certificate in Portfolio, Programme and Project Offices
Summary
The P3O® guidance brings together in one place a set of principles, processes and techniques to facilitate effective portfolio, program and project management. It provides advice on how to develop a governance structure that helps optimize an organization’s investment in change.
Target group
Members of offices within a P3O® model or anyone who needs to understand the terminology and concepts underpinning P3O®.
Context
Portfolio, Programme and Project Offices® Foundation is part of the Best Management Practice Portfolio and the prerequisite for the Portfolio, Programme and Project Offices® Practitioner exam.
e-Competence Framework (e-CF)
Level
e-CF Area e-Competence e-1 e-2 e-3 e-4 e-5
MANAGE E.2. Project and Portfolio Management
E.4. Relationship Management
E.6. ICT Quality Management
E.7. Business Change Management

Legend for coverage
General
Partial
Superficial
Prerequisites
None
Exam content
The high-level P3O® model and its component offices
The differences between Portfolio, Program and Project Management
The key functions and services of a P3O®
The arguments for establishing a P3O® model
The differences between types of P3O® model and the factors that influence selection of the most appropriate model
The processes to implement or re-energize a P3O®
The tools and techniques used by a P3O®
The purpose and major responsibilities of all roles
Click here to download the glossary in the download section in the right column.
Exam Details
Version 2013
Number of questions: 75 (of which 5 are trial questions)
Pass mark: 50% (35 out of 70)
Open book: No
Electronic devices permitted: No
Version 2008
Number of questions: 50
Pass mark: 60% (30 out of 50)
Open book: No
Electronic devices permitted: No
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Cohen, a Harvard school enterprise administration professor instructing within the facultys govt training software, seen a fascinating trade in attendees of his workshops. among the typical managers of hedge dollars, sovereign wealth money, and pension dollars have been an increasing variety of gurus associated with household workplaces. Cohen says he and his colleague, professor of financial management Christopher Malloy, mentioned that these folks preparedness for constructing and managing a household office became everywhere the map. so that they designed Harvards first government schooling software founded around concerns regarding this turning out to be area of interest within the advisory trade. The duos first week-long program, constructing a Legacy: family workplace Wealth administration, debuted April 22 on the Cambridge campus with a full roster after increasing ability from 40 to 60and leaving more than 200 names on the waitlist. household offices manage all aspects of wealthy familys lives, from investments and property planning to invoice paying, lending, and even details comparable to hiring family unit workforce. The crew advisory constitution has turn into more and more general as a way to cater to an expanding pool of extremely excessive net value households worldwide. via professional features enterprise EYs measure, the number of family unit offices grew from 1,000 globally in 2008 to 10,000 by way of 2018. Cohen took a while to talk with Penta about the family unit office mannequin and the brand new application. PENTA : Why do family unit places of work warrant a whole application specializing in their wants? 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How the office is equipped could make a big difference in its effectiveness. given that each and every is so enjoyable, had been there challenges in designing the software? despite the fact that there are individual modifications and each family unit could solve concerns in another way, there are commonalities in the questions they have got, akin to: How can we start up the family unit office? Who will we desire concerned? Who do we want to employ? What do we wish to invest in? What are our desires? To assist get at these questions, we organized by using writing up case stories of family unit places of work, such as one in Italy to show a way to flow on wealth to a era less drawn to taking on the family company. if you mismanage that there will also be some huge issues. It used to be that if you had $50 million youd persist with your ordinary marketing consultant. these days, with that identical $50 million you see people starting family unit offices. Lauren H. Cohen an extra instance is of a billionaire household in Nepal who used significant sums of money within the wake of an earthquake to construct faculties and residences. which you cant plan for that, but that call to motion receives into tips on how to invest in philanthropic ways. a lot of people believe of developing a groundwork that can be alive for a whole lot of years. an extra thing to look at is how do you put things up to tackle acute needs? realizing the considerations and what works is a great deal about oral culturetalking to other families about what theyve finished correct or wrong. Were hoping to amass some of that subculture and circulate it on. Whats the structure of the program and whats covered? The attendees do every little thing collectivelycome to campus as a group, live this pedagogy together, take lessons together, but with unbiased researching organizations. We cowl a huge range, akin to household workplace desires and structure, succession planning, contemporary portfolio management, and how to assess and enforce quite a lot of investment innovations. essentially all situations we look at contain governance and inter-family nuances into their analyses. other business faculties offer household workplace working towards programs. How does yours vary? Many are started jointly with investment consultants. That places the family workplaces chief funding officer in the equal room with individuals who would advantage from selling their products to the family office. That can also be an uncomfortable place for the CIO to be, like a persons respiratory down their neck. We desired to create a safe location. What styles of families are developing family places of work? It used to be that if you had $50 million youd stick with your natural advisor. nowadays, with that equal $50 million you see individuals beginning family unit workplaces. Who were your contributors? individuals who're directly worried in making a household workplace or family members who wish to install a family workplace. Some dont have household offices yet and are due to the fact one. We didnt monitor on wealth level. Its a truly global application with members from Australia, Asia, Europe, Africa, North america, South america, and vital the usand they span industries and concentrations. How do you see this software evolving? in view that there's such a requirement, finally we can create a collection of programs to satisfy particular person wants. as an example, for households that just bought a enterprise, or households figuring out even if to be a part of a multi-family workplace or create a single-family workplace. Unquestionably it is hard assignment to pick dependable certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. 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