Lean Portfolio Management (LPM) - 77%-
Test Questions with Solutions
Where would value decay be reflected in a cost of delay calculation?
Job size
User-business value
Time-criticality
Risk reduction-opportunity enablement Correct Ans-Time-criticality
Which statement is true about strategic themes?
They connect portfolio epics to the enterprise strategy
They are shared by multiple portfolios
They belong to the differentiated value stream
They connect a portfolio to the enterprise strategy Correct Ans-They connect a portfolio to
the enterprise strategy
Sofia is a member of the lean-agile center of excellence. She would be best suited with which
lean portfolio management collaboration?
Strategy and investment funding
Portfolio sync
Agile portfolio operations
Lean governance Correct Ans-Agile portfolio operations
,For enterprise where strategy and investment funding is immature, what is a good initial step?
Hold a value stream identification workshop
Identify all significant initiative in-flight
Establish an agile program management office
Create a current state portfolio canvas Correct Ans-Create a current state portfolio canvas
How can agile contracts help a portfolio stay focussed on delivering quality and value?
They foster trust and transparency
They do not require a change control board
They enforce accountability
They provide equal control for all parties involved Correct Ans-They foster trust and
transparency
What should you use to help identify different portfolios within a company?
A review of the organization chart
A review of the project charters of the prior fiscal year
A review of the company's annual report
A review of the program charters for the prior fiscal year Correct Ans-A review of the
organization chart
When creating an epic hypothesis, the value statement is supported by what quantifiable outputs
and technical consideration
Key partners, business outcomes hypothesis, and design specifications
, Leading indicators, business outcome hypothesis and non-functional requirements
Leading indicators, team assignments, and technical requirements
Key partners, budgets, and minimum viable product functionality Correct Ans-Leading
indicators, business outcome hypothesis and non-functional requirements
What area of lean portfolio management should be implemented first?
Lean governance
Agile portfolio operations
Agile program management office
Strategy and investment funding Correct Ans-Strategy and investment funding
What is the goal of the weighted shorted job first model of prioritization?
To quantify cost of delay for determining absolute priority
To prioritize small jos that will go through the system more quickly
To select first those jobs that can delivery the highest value with the shortest duration
To prioritize highest return on investment jobs first Correct Ans-To select first those jobs that
can delivery the highest value with the shortest duration
What three types of decisions should be centralized? Choose 3
Customer-oriented
Significant economics of scale
Long-lasting
Infrequent
Test Questions with Solutions
Where would value decay be reflected in a cost of delay calculation?
Job size
User-business value
Time-criticality
Risk reduction-opportunity enablement Correct Ans-Time-criticality
Which statement is true about strategic themes?
They connect portfolio epics to the enterprise strategy
They are shared by multiple portfolios
They belong to the differentiated value stream
They connect a portfolio to the enterprise strategy Correct Ans-They connect a portfolio to
the enterprise strategy
Sofia is a member of the lean-agile center of excellence. She would be best suited with which
lean portfolio management collaboration?
Strategy and investment funding
Portfolio sync
Agile portfolio operations
Lean governance Correct Ans-Agile portfolio operations
,For enterprise where strategy and investment funding is immature, what is a good initial step?
Hold a value stream identification workshop
Identify all significant initiative in-flight
Establish an agile program management office
Create a current state portfolio canvas Correct Ans-Create a current state portfolio canvas
How can agile contracts help a portfolio stay focussed on delivering quality and value?
They foster trust and transparency
They do not require a change control board
They enforce accountability
They provide equal control for all parties involved Correct Ans-They foster trust and
transparency
What should you use to help identify different portfolios within a company?
A review of the organization chart
A review of the project charters of the prior fiscal year
A review of the company's annual report
A review of the program charters for the prior fiscal year Correct Ans-A review of the
organization chart
When creating an epic hypothesis, the value statement is supported by what quantifiable outputs
and technical consideration
Key partners, business outcomes hypothesis, and design specifications
, Leading indicators, business outcome hypothesis and non-functional requirements
Leading indicators, team assignments, and technical requirements
Key partners, budgets, and minimum viable product functionality Correct Ans-Leading
indicators, business outcome hypothesis and non-functional requirements
What area of lean portfolio management should be implemented first?
Lean governance
Agile portfolio operations
Agile program management office
Strategy and investment funding Correct Ans-Strategy and investment funding
What is the goal of the weighted shorted job first model of prioritization?
To quantify cost of delay for determining absolute priority
To prioritize small jos that will go through the system more quickly
To select first those jobs that can delivery the highest value with the shortest duration
To prioritize highest return on investment jobs first Correct Ans-To select first those jobs that
can delivery the highest value with the shortest duration
What three types of decisions should be centralized? Choose 3
Customer-oriented
Significant economics of scale
Long-lasting
Infrequent
