LO3 Project, Programme & Portfolio Management

Q1 - Programme managers are just senior project managers.

• True

• False

Answer explanation

False - programme managers have a much bigger role than that, they need to be strategic in their approach and be heavily focused on the business and the delivery of the benefits

Q2 - Programmes are just big projects.

• True

• False

Answer explanation

False - programmes extend beyond the bounds of single projects, they may have multiple projects across a broad range of disciplines with multiple customers

Q3 - The interaction between portfolios and business as usual is …….?

• a) Incidental

• b) Crucial

• c) Non Essential

• d) Helpful

• e) Irrelevant

Answer explanation

B - It is crucial to the effectiveness of the delivered products or services

Q4 - The scope of a programme is fixed throughout its life cycle.

• True

• False

Answer explanation

False - most programmes are multi-year in length and will have altering customers, stakeholders, focus and scope.

Q5 - Portfolio management has a linkage with corporate project office management and governance.

• True

• False

Answer explanation

True - portfolio management is very often linked with the implementation of the corporate governance principles

Q6 - The words vision, benefits focused and ‘strategic’ are associated with programmes.

• True

• False

Answer explanation

True - these are all very relevant to programmes

Q7- Portfolios have a distinct start and finish.

• True

• False

Answer explanation

False - they are continual and will extend throughout the life of the need for them within the organisation

Q8 - Programme management and portfolio management are the same thing, it's just that one is much bigger than the other.

• True

• False

Answer explanation

False - portfolio management is to do with choosing the appropriate mix of projects and programmes. Programmes are vehicles to deliver benefit through multiple projects

Q9 - A portfolio manager would be interested in making sure that individual projects were initiated, mobilised and terminated in line with the strategic business plans of the business.

• True

• False

Answer explanation

True - these are all within the remit of the portfolio manager

Q10 - Which of these could be classified as a programme?

• a) The integration of two large financial institutions

• b) Installing a small new computer network

• c) Fitting out a new kitchen

• d) Building a new office extension

Answer explanation

a) The others are limited in scope and are not strategic