MoP Portfolio Management Foundation
The MoP Portfolio Management Foundation Certification is suitable for individuals who want to demonstrate that they have sufficient knowledge and understanding of the MoP guidance and can work effectively as a member of a portfolio office or in various portfolio management positions. These kinds of certifications can prove to be beneficial if you wish to develop your career in the field of portfolio management. This is because this field is all about how much knowledge you have and how you are using that into your work domain. So, basically portfolio management necessarily requires knowledge and experience. Earning this credential can help you expand your work domain along with gaining confidence of your clients. Equip yourself with an esteemed certification in Portfolio Management. Let us dig deeper into exam details, policies and learning resources.
What is MoP Portfolio Management Foundation exam?
The Foundation certification aims to confirm that you have sufficient knowledge and understanding to work as an informed member of a Portfolio Office or in a range of portfolio management roles. The Foundation certification is also a pre-requisite for the Practitioner certification.
Exam overview
MoP Portfolio Management Foundation exam is a multiple-choice paper that consists of 40 questions. You have to answer the questions in duration of 40 minutes. The cost of taking the exam from India is £245.00. This is a closed book exam which requires at least 50% marks to pass the examination. The exam is available in only English language.
Targeted audience
This certification is aimed at those involved in a range of formal and informal portfolio management roles encompassing investment decision making, project and programme delivery, and benefits realization. It is relevant to all those involved in the selection and delivery of business change initiatives including: members of Management Boards and Directors of Change; Senior Responsible Owners (SROs); Portfolio, Programme, Project, Business Change and Benefits managers; and business case writers and project appraisers.
MoP Portfolio Management Foundation Interview Question
Registration and pricing policy
You can register for the exam by any of the following ways –
- Offline proctored – through your local training center
- Online proctored – through online platform that are –
- Pearson VUE
- Peoplecert online proctored
You can register through any of the above-mentioned ways. The cost of taking the exam from India is £245.00. However, the prices may vary from place to place depending also upon the tax slabs.
Recertification policy
The MoP Portfolio Management Foundation certification is valid for lifetime. So, you need not to worry about getting rectifying after a certain period.
Other exam policies
It is very important to know about all the exam policies before taking the exam. you can visit the official site to know about the policies and terms and condiions before you sit for the exam.
Or, to know more visit – MoP Foundation Exam certification FAQs
Syllabus for MoP Portfolio Management Foundation
The MoP Foundation Online Exam has the following syllabus:
Overview
- The definitions of portfolio and portfolio management.
- The portfolio management model and the relationship between the principles, cycles, practices and relevant techniques.
- The names of the portfolio definition practice.
- The names of the portfolio delivery practice.
- The scope of portfolios and portfolio management and the
- differences from projects/project management and
- programmes /programme management.
- The local circumstances that will affect how the MoP principles and practices will be adapted and how cost-effective approaches can be adopted.
- The objectives and benefits of portfolio management.
Implement, sustain and measure
- The three broad approaches to implementing portfolio management.
- The benefits of assessing the impact of portfolio management.
- When each approach to implementation is most relevant, the advantages of planned approaches to implementation, and the first seven steps (and their benefits) in a staged implementation of portfolio management.
- The factors to consider in sustaining progress.
- Approaches to assessing portfolio management maturity and the impact of portfolio management including examples of performance metrics that can be employed.
- Identify appropriate approaches when implementing, sustaining, and measuring portfolio management for a given scenario, including:
- Selection of an appropriate approach to implementation.
- Coordination of portfolio management with key corporate functions.
- Designing and evaluating approaches to portfolio governance.
- Designing a strategy to sustain progress.
- Building and maintaining organizational energy to support effective operation of the portfolio definition and delivery cycles.
- Assessing progress encompassing process maturity and evidence of impact.
- Whether recommended approaches to implementing, sustaining, and measuring portfolio management have been undertaken appropriately in the context of a given scenario, with reasons.
Strategic and organizational context
- The 6 key functions/activities that portfolio management needs to coordinate with to achieve strategic objectives.
- How portfolio management and business as usual (BAU) coordinate to deliver strategic objectives.
- How portfolio management and strategic planning coordinate to deliver strategic objectives.
- How portfolio management and budgeting and resource allocation coordinate to deliver strategic objectives.
- How portfolio management and programme and project management coordinate to deliver strategic objectives.
- How portfolio management and performance management coordinate to deliver strategic objectives.
- How portfolio management supports effective corporate governance
Portfolio management principles
The names of the five principles upon which effective portfolio management is based.
- The keys to success in relation to principle 1: Senior management commitment and specifically, the ways in which:
- Senior management engagement supports effective portfolio management.
- Senior managers should support portfolio management.
- The keys to success in relation to principle 2: Governance alignment, and issues to consider in an effective portfolio governance structure.
- The keys to success in relation to principle 3: Strategy alignment, and specifically:
- Approaches and techniques to align programmes and projects with organizational strategy.
- Techniques that facilitate strategic alignment even where strategic measures are not clearly defined.
- The keys to success in relation to principle 4: Portfolio Office, and specifically:
- The services it provides.
- How it differs from a programme or project office.
- The keys to success in relation to principle 5: An energized change
- culture and specifically:
- The elements of an energized change culture.
- The energy states.
- Sources of organizational energy.
Portfolio definition cycle
- The portfolio definition cycle and its key output. The portfolio definition practices:
- Understand
- Categorize
- Prioritize
- Balance
- Plan
- The results of a well-functioning portfolio definition cycle and the implications where this is not the case.
- The techniques, key features and uses, of:
- Three point estimating and reference class forecasting.
- Driver-based strategic contribution analysis.
- Multi-criteria analysis.
- Decision conferencing.
- Clear line of sight planning.
- What is involved and the keys to success in the understand practice.
- What is involved and the keys to success in the categorize practice.
- What is involved and the keys to success in the prioritize practice.
- What is involved and the keys to success in the balance practice.
- What is involved and the keys to success in the plan practice.
- Identify appropriate practices and techniques within the portfolio
- definition cycle when:
- Understanding the current portfolio.
- Splitting the portfolio into organizationally appropriate categories or segments.
- Using appropriate approaches to prioritize the portfolio.
- Considering what factors need to be taken into account in balancing the portfolio.
- Completing a portfolio strategy and delivery plan.
- Whether the approaches adopted are appropriate, with reasons, in a
- given scenario when:
- Understanding the current portfolio.
- Categorizing the portfolio.
- Prioritizing the portfolio.
- Balancing the portfolio.
- Completing a portfolio strategy and delivery plan.
Portfolio delivery cycle
- The portfolio delivery cycle.
- The portfolio delivery practices:
- Management control
- Benefits management
- Financial management
- Risk management
- Stakeholder engagement
- Organizational governance
- Resource management
- The results of a well-functioning portfolio delivery cycle and the
- implications where this is not the case.
- The techniques of:
- Management by exception
- One version of the truth
- Staged release of funding
- Clear line of sight reporting
- Champion-challenger model
- What is involved, the main elements, and keys to success of the management control practice.
- What is involved, the main elements, and keys to success of the benefits management practice.
- What is involved, the main elements, and keys to success of the financial management practice.
- What is involved, the main elements, and keys to success of the risk management practice.
- What is involved, the main elements, and keys to success of the stakeholder engagement practice.
- What is involved, the main elements, and keys to success of the organizational governance practice.
- What is involved, the main elements, and keys to success of the resource management practice.
- The challenges and solutions to effective dependency management.
- Identify appropriate practices and techniques within the portfolio delivery cycle encompassing:
- Management control
- Portfolio-level benefits management
- Portfolio-level financial management
- Portfolio-level risk management
- Portfolio-level stakeholder engagement
- Portfolio-level resource management
- Whether the approaches adopted are appropriate, with reasons, in a given scenario to:
- Management control
- Portfolio-level benefits management
- Portfolio-level financial management
- Portfolio-level risk management
- Portfolio-level stakeholder engagement
- Portfolio-level resource management
Roles and documentation
- The purposes of the main portfolio management roles identified in MoP:
- Portfolio Direction Group/Investment Committee
- Portfolio Progress Group/Change Delivery Committee
- Business Change Director/Portfolio Director
- Portfolio Manager
- Portfolio Benefits Manager
- The purposes of the main portfolio management documentation:
- Portfolio Management Framework
- Portfolio Benefits Management Framework
- Portfolio Strategy
- Portfolio Delivery Plan
- Portfolio Benefits Realization Plan
- Portfolio Financial Plan
- Portfolio Resource Schedule
- Portfolio Stakeholder Engagement and Communication Plan
- Portfolio Dashboard Report
Preparation resources for MoP Portfolio Management Foundation
To earn the MoP Foundation Certificate you must have access to the right resources. There are numerous resources available for MoP Foundation Exam Preparation. You have to choose those that are best for your preparation and are according to your level of understanding. Let us look at some of learning resources with our MoP Foundation Study Guide.
Books
You can refer to any book that you are familiar with and that suits best to your level of understanding. Also, you can refer the books prescribed officially. Visiting libraries and doing research on the best books that are available in the market will help in improving the quality of your preparation to a greater extend. Some of the books that you can refer to and those are easily available are listed below:
Management of Portfolios 2011 Edition
Ptnr01a998wxy Mopf Management of Portfolio Foundation Practice Exam E-book Set
Case studies and whitepapers
These are the one of most authentic and reliable sources that can be used for preparation. They are made according to the syllabus and provide detailed description of every topic. You an access the case studies and white papers through the following links –
MoP Foundation Training
You can opt for the online trainings and instructor led courses for preparation. They are interactive enough and provide a space to discuss about the things properly. They also provide relevant study material like notes and recorded lectures for the purpose of making things clear properly.
Community
The online community consist of people with similar interests or people who have already cleared the exam. so, the communities can be used to ask your doubts and know about others’ strategy and other resources which can be very helpful. Join the community now!
Practice papers and test series
MoP Foundation Practice Tests and test series are a way to determine the level of your preparation. They will help you identify weak parts of your preparation and will decrease the silly mistakes. Practicing for the exam through this way will identify your loopholes and reduce the chances of your mistakes on the day of the exam. There are many reliable sources that provide quality content like many online educational sites. Try a free practice test now!
