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SAFe LPM Exam Questions and Answers, Lean Portfolio Management Certification | SPOTO

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Question #1
What is the primary benefit of implementing Lean-Agile principles in portfolio management?
A. Increased project complexity
B. Reduced alignment with strategic goals
C. Improved visibility, transparency, and collaboration
D. Decreased stakeholder engagement
View answer
Correct Answer: C
Question #2
In portfolio management, what does "ROI" stand for?
A. Return on Investment
B. Rate of Investment
C. Risk of Investment
D. Revenue from Investment
View answer
Correct Answer: A
Question #3
In Lean Governance, what role is responsible for ensuring that portfolio initiatives are in alignment with organizational strategy and compliance requirements?
A. Project Manager
B. Lean Portfolio Manager
C. Release Train Engineer (RTE)
D. Quality Assurance Analyst
View answer
Correct Answer: B
Question #4
How does a "Fixed Budget" approach to investment funding work?
A. The budget for each portfolio initiative is determined based on its actual expenses
B. A fixed budget is allocated to each portfolio initiative, and the initiative must operate within that budget
C. There is no budget allocated to portfolio initiatives
D. The budget can be adjusted at any time during the initiative's lifecycle
View answer
Correct Answer: B
Question #5
What is the primary objective of applying Lean Governance in portfolio management?
A. To increase project complexity
B. To minimize the number of portfolio initiatives
C. To ensure alignment with strategic goals and compliance while reducing bureaucracy
D. To allocate the same budget to all portfolio initiatives
View answer
Correct Answer: C
Question #6
How does an epic differ from a user story in Agile portfolio management?
A. Epics are smaller in scope than user stories
B. Epics are used for high-level planning and represent larger initiatives
C. User stories are created by project managers, while epics are created by stakeholders
D. There is no difference; they are the same
View answer
Correct Answer: B
Question #7
What is a common challenge when establishing a portfolio strategy and vision?
A. Lack of access to project management software
B. Difficulty in recruiting project managers
C. Resistance to change among team members
D. Too much alignment with organizational goals
View answer
Correct Answer: C
Question #8
How is funding allocated to individual portfolio initiatives typically determined?
A. By project managers
B. By the funding board based on the strategic importance and expected ROI
C. By external investors
D. By the project team
View answer
Correct Answer: B
Question #9
How does Lean Governance help reduce waste in portfolio management?
A. By increasing the number of portfolio initiatives
B. By allocating larger budgets to all portfolio initiatives
C. By decreasing stakeholder engagement
D. By streamlining governance processes, eliminating unnecessary steps, and reducing bureaucracy
View answer
Correct Answer: D
Question #10
What is the first step in adopting Lean Portfolio Management?
A. Implementing agile practices at the team level
B. Launching a new product
C. Hiring a Lean Portfolio Manager
D. Defining the organization's strategic objectives
View answer
Correct Answer: D

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