MANAGEMENT (LPM)
K
PRACTICE TEST QUESTIONS
C
AND CORRECT VERIFIED
LO
ANSWERS 100% GUARANTEED
PASS A+ GRADED
YC
D
U
ST
, What is one essential collaboration the Lean Portfolio Management function provides to realize
its responsibilities?
Strategy and investment funding
Participatory budgeting
Developing the Lean business case for Epics
Portfolio sync - ANS Strategy and investment funding
Which of the following is a Lean Thinking principle?
Identify the Value Stream for each product
Sequence jobs for maximum benefit
K
Establish a decision-making framework
Deliver working software frequently - ANS Identify the Value Stream for each product
C
Benefits are realized when Agile Release Trains (ARTs) within a value stream are synchronized
to what?
A common cadence
LO
The same Portfolio guardrails
A common deployment pipeline
The same core Epic owners - ANS A common cadence
What is one disadvantage of project cost accounting?
YC
Utilization-based planning
Promotes innovation
Moves projects to people
Cheaper change control - ANS Utilization-based planning
What is an advantage of funding by Value Stream?
D
It is easier to get budget approvals if a Feature takes longer than expected
It is easier to calculate resource utilization planning for a PI
It is easier to track costs at the project level
U
It is easier to forecast expenses for a PI - ANS It is easier to get budget approvals if a Feature
takes longer than expected
ST
What must an enterprise do to organize the Portfolio around value?
Move from a project focus to a product and services focus
Organize Agile Release Trains by feature area
Organize Agile Release Trains by platforms and components
Move from a product focus to a solution focus - ANS Move from a project focus to a product
and services focus
What is an advantage of Lean Portfolio Management over traditional budgeting processes?
Increases ability to budget the deliverables in the portfolio roadmap
Provides effective control transparency of budgetary spending
Provides effective financial control over investments with less overhead