Practice Test Geeks(CPP) Certified Project Professional Practice Test
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Project Governance & Portfolio Management Flashcards

7 cards from real CPP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Project Governance & Portfolio Management flashcards as text

  1. A portfolio manager notices that several projects are competing for the same scarce engineering resources. What is the most appropriate first step?

    Answer: Conduct a portfolio-level resource capacity analysis

    A portfolio-level resource capacity analysis identifies where demand exceeds supply and enables informed prioritization decisions.

  2. Which governance document formally authorizes a project and establishes the project manager's authority?

    Answer: Project Charter

    The Project Charter is the governance document that formally authorizes the project and grants the project manager authority to apply resources.

  3. In portfolio management, a 'strategic bucket' is best described as:

    Answer: An allocated portion of investment capacity dedicated to a specific strategic theme

    Strategic buckets are portions of the investment pool pre-allocated to specific strategic categories, ensuring balanced investment across themes.

  4. A project steering committee is primarily responsible for:

    Answer: Providing strategic direction, resolving escalated issues, and approving major changes

    A steering committee governs at the strategic level—setting direction, unblocking escalations, and approving significant changes.

  5. The primary purpose of a portfolio review meeting is to:

    Answer: Assess portfolio health and make investment reallocation decisions aligned to strategy

    Portfolio reviews assess overall health, strategic alignment, and whether to continue, adjust, or terminate investments.

  6. When a project's benefits realization is measured after project closure, who typically owns this process?

    Answer: The project sponsor or business owner

    Benefits realization post-closure is owned by the sponsor or business owner because operational accountability transfers to them after project completion.

  7. Which metric best indicates the strategic alignment of a project portfolio?

    Answer: Percentage of portfolio investment mapped to strategic objectives

    The proportion of investment tied to strategic objectives directly measures how well the portfolio advances organizational strategy.