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PfMP Practice Questions

Portfolio Management Professional (PfMP)

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Total Questions : 495

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Question # 31

Assume you are managing a high visibility project in your company that once it is completed will transform it into new markets and be the leader in the soft phone field. You are keeping the project a secret from external stakeholders, and you and your team have signed Non-disclosure agreements (NDAs). However, the executives and those on the Portfolio Review Board want status information on this project every two weeks. You provide it:

Options:

A.  

To those on the portfolio distribution list

B.  

Electronically in a format that cannot be printed or forwarded

C.  

To the members of the Board and executives verbally

D.  

To the portfolio manager

Discussion 0
Question # 32

A new portfolio is initiated with you as the portfolio manager, you started by developing the portfolio strategic plan and are currently reviewing the Organizational Process Assets; which of the options can be a part of this input?

Options:

A.  

List of portfolio components and Portfolio component selection criteria

B.  

Portfolio Components files

C.  

Inventory of Work

D.  

IT Strategies and Policies

Discussion 0
Question # 33

A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The sponsor has asked you to analyze the change and update the needed documents. You managed this change and are currently updating the Portfolio Management Plan. Which of the following are part of this update

Options:

A.  

Portfolio Organizational Structure

B.  

Communication and Performance Management

C.  

Stakeholder Engagement

D.  

All of the options

Discussion 0
Question # 34

One of your components within the portfolio has been struggling and has undertaken a lot of issues. A recent measurement has shown that its CPI is 0.4 and SPI is 0.3. What is the best course of action you should take as a portfolio manager

Options:

A.  

Escalate the issue to the Portfolio steering committee

B.  

Immediately terminate the component

C.  

Request that the component governance board checks this component and takes a decision on whether to continue or terminate it

D.  

Notify the sponsor of the component about the issue

Discussion 0
Question # 35

Performance reporting is important in a program and usually, the portfolio manager aggregates performance information from the portfolio components in order to present the related reports. Which of the following measures can be used in performance reporting?

Options:

A.  

Earned Value

B.  

Cost Sunk

C.  

All the options

D.  

CPI and SPI

Discussion 0
Question # 36

You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The Portfolio Roadmap is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Roadmap purpose and focus?

Options:

A.  

High-level prioritization mapping of the portfolio

B.  

Corresponds to the means to the “to-be” vision

C.  

Can be used to influence the portfolio’s success

D.  

Forecasts how and when the portfolio will deliver value to the organization

Discussion 0
Question # 37

You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. When it comes to Portfolio dependencies, which of the following is true regarding the roadmap?

Options:

A.  

The roadmap forms the initial basis on which dependencies are established both within the portfolio and externally to the portfolio, between the organization areas

B.  

The Portfolio roadmap includes programs and projects roadmaps, so it establishes the internal dependencies for the portfolio and its subsequent programs and projects

C.  

The roadmap is internal to the portfolio, so it only establishes the internal dependencies

D.  

The roadmap caters for the alignment with strategic objectives, so it establishes external dependencies

Discussion 0
Question # 38

When managed correctly, the balanced scorecards can change the way an organization does business. Balanced scorecards keep focus on results. Which of the following are factors that can be targeted by the Balanced Scorecards method?

Options:

A.  

Product Manufacturing, core competencies, response times, maintenance costs, shareholder value

B.  

Reward, Leveraging Skills, Leveraging Information Systems, core competencies

C.  

Product Manufacturing, core competencies, response times, reward, shareholder value

D.  

Learning & Growth, Internal Process, Customer, Financial, Reward, maintenance costs, market value, supplier value

Discussion 0
Question # 39

Portfolio Prioritization Model is included in the Portfolio management plan and guides the ongoing decisions as to which portfolio components should be added, terminated, or changed; which of the following is correct regarding the Prioritization Model purpose and content?

Options:

A.  

All of the options

B.  

Ensures benefits are comprehensively and holistically taken into consideration

C.  

Contains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment risks, and dependencies

D.  

Establishes and tailors the decision-making rights and authorities

Discussion 0
Question # 40

In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following help you with managing the portfolio value?

Options:

A.  

PMIS, Elicitation techniques, Communication Requirements Analysis, Communications Methods

B.  

Elicitation techniques, Capability & Capacity Analysis, PMIS

C.  

Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis

D.  

Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative

Discussion 0
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