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Free Lean Portfolio Management (LPM) Exam Questions and Answers
Last updated: May 11, 2025
Examtopics Lean Portfolio Management (LPM) Prepaway Real Exam Questions and dumps free download
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Lean Portfolio Management (LPM)
#Question
What should a portfolio manager prioritize to ensure adaptability in changing markets?
A.
Regular strategic reviews
B.
Rigid processes
C.
Denial of market shifts
D.
Predetermined decision-making
Correct Answer:
A
Regular strategic reviews allow organizations to remain adaptable and responsive to market changes, staying aligned with customer and market needs.
#Question
A manager notices frequent conflicts in team dynamics. What should they promote?
A.
Avoid discussions
B.
Individual competition
C.
Open communication
D.
Strict hierarchy
Correct Answer:
C
Promoting open communication fosters a collaborative environment, helping to mitigate conflicts and improve overall team dynamics.
#Question
A Lean team is experiencing a decline in performance. What analysis should they conduct?
A.
Stakeholder input
B.
Competitor analysis
C.
Performance metrics evaluation
D.
Market trend analysis
Correct Answer:
C
Evaluating performance metrics can help identify areas that require improvement and guide decisions on how to enhance overall team performance.
#Question
While creating a budget for the next quarter, what principle should a portfolio manager prioritize?
A.
Cost-cutting above all
B.
Focus on last year's expenditures
C.
Align with strategic objectives
D.
Allocate based on team requests
Correct Answer:
C
Aligning with strategic objectives ensures that budget decisions support long-term company goals and deliver value.
#Question
A company discovers its value proposition is not resonating with customers. What can they do?
A.
Focus solely on past successes
B.
Ignore the feedback
C.
Conduct customer interviews
D.
Run more ads
Correct Answer:
C
Conducting customer interviews can uncover insights that help reposition the value proposition effectively.
#Question
A project is consistently missing its deadlines. What methodology can help release pressure?
A.
Waterfall tracking
B.
Risk aversion
C.
Linear planning
D.
Agile sprints
Correct Answer:
D
Utilizing Agile sprints helps teams adapt and iterate quickly, allowing for adjustments that can lead to improved timelines and project completion.
#Question
A Lean team wants to increase accountability. What practice can they implement?
A.
Depth of hierarchy
B.
Reducing communication
C.
Establishing clear ownership
D.
Avoiding metrics
Correct Answer:
C
Establishing clear ownership fosters accountability, ensuring that team members understand their responsibilities and expectations.
Lean Portfolio Management (LPM)
#Question
What should a portfolio manager prioritize to ensure adaptability in changing markets?
A.
Regular strategic reviews
B.
Rigid processes
C.
Denial of market shifts
D.
Predetermined decision-making
Correct Answer:
A
Regular strategic reviews allow organizations to remain adaptable and responsive to market changes, staying aligned with customer and market needs.
#Question
A manager notices frequent conflicts in team dynamics. What should they promote?
A.
Avoid discussions
B.
Individual competition
C.
Open communication
D.
Strict hierarchy
Correct Answer:
C
Promoting open communication fosters a collaborative environment, helping to mitigate conflicts and improve overall team dynamics.
#Question
A Lean team is experiencing a decline in performance. What analysis should they conduct?
A.
Stakeholder input
B.
Competitor analysis
C.
Performance metrics evaluation
D.
Market trend analysis
Correct Answer:
C
Evaluating performance metrics can help identify areas that require improvement and guide decisions on how to enhance overall team performance.
#Question
While creating a budget for the next quarter, what principle should a portfolio manager prioritize?
A.
Cost-cutting above all
B.
Focus on last year's expenditures
C.
Align with strategic objectives
D.
Allocate based on team requests
Correct Answer:
C
Aligning with strategic objectives ensures that budget decisions support long-term company goals and deliver value.
#Question
A company discovers its value proposition is not resonating with customers. What can they do?
A.
Focus solely on past successes
B.
Ignore the feedback
C.
Conduct customer interviews
D.
Run more ads
Correct Answer:
C
Conducting customer interviews can uncover insights that help reposition the value proposition effectively.
#Question
A project is consistently missing its deadlines. What methodology can help release pressure?
A.
Waterfall tracking
B.
Risk aversion
C.
Linear planning
D.
Agile sprints
Correct Answer:
D
Utilizing Agile sprints helps teams adapt and iterate quickly, allowing for adjustments that can lead to improved timelines and project completion.
#Question
A Lean team wants to increase accountability. What practice can they implement?
A.
Depth of hierarchy
B.
Reducing communication
C.
Establishing clear ownership
D.
Avoiding metrics
Correct Answer:
C
Establishing clear ownership fosters accountability, ensuring that team members understand their responsibilities and expectations.
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