Portfolio Definition Cycle
35 practice questions with explanations — 15 free to try
4 of these 35 questions are in the free 15-question taster · the full topic is part of Premium
PassNova has 35 MoP Foundation practice questions on Portfolio Definition Cycle, each with a clear explanation. A 15-question taster is free with no sign-up; the full bank is part of PassNova Premium. Updated for 2026.
Portfolio Definition Cycle: example questions & answers
4 worked examples with answers and explanations below. Try 15 MoP Foundation questions free in the browser; the full 35-question Portfolio Definition Cycle bank is part of PassNova Premium.
MoP describes two cycles. What are they?
- AThe strategic planning cycle and the operational business-as-usual cycle
- BThe annual portfolio planning cycle and the portfolio closure cycle
- CThe portfolio initiation cycle and the benefits realisation cycle
- DThe portfolio definition cycle and the portfolio delivery cycle✓
Answer: MoP is built around two interrelated cycles: the portfolio definition cycle and the portfolio delivery cycle.
How many practices make up the portfolio definition cycle in MoP?
- AFour
- BFive✓
- CSix
- DThree
Answer: The portfolio definition cycle comprises five practices: understand, categorise, prioritise, balance and plan.
Which set correctly lists the five practices of the portfolio definition cycle?
- AUnderstand, categorise, prioritise, balance, plan✓
- BInitiate, plan, execute, monitor and control, then close
- CIdentify, define, deliver, review and then formally close
- DPlan, do, check, act and continually improve thereafter
Answer: The portfolio definition cycle consists of understand, categorise, prioritise, balance and plan, which together produce a clearly defined portfolio.
What is the main aim of the 'understand' practice in the portfolio definition cycle?
- ATo collect data and gain a clear, evidence-based picture of the current portfolio and proposed initiatives✓
- BTo close completed projects
- CTo allocate each of the final realised benefits to individual business owners once portfolio delivery has finished
- DTo negotiate supplier contracts
Answer: The understand practice gathers consistent, robust information about existing and proposed initiatives so the organisation knows what is in flight and what is being considered.