[Jan-2022] Updated Portfolio Management Professional PfMP Exam Questions BUNDLE PACK
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PMI PfMP Exam Syllabus Topics:
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NEW QUESTION 16
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you are developing a robust performance management plan. What can you use to help you start developing this plan?
- A. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio
- B. Portfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise Environmental Factors
- C. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors
- D. Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
Answer: B
Explanation:
Explanation
The scenario targets the "Develop Portfolio Performance Management Plan" process and particularly its inputs. The answer to this question: is Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors
NEW QUESTION 17
Your company has a stated policy that all stakeholders are to be treated in an ethical manner. It is one of the largest project management training firms in the world and is a Registered Educational Provider with the Project Management Institute as well as with other associations. It is active in portfolio management to ensure it is offering the most beneficial products and services, both leading edge and traditional, to its customers. Its policy toward its stakeholders is:
- A. A portfolio governance process
- B. Part of the portfolio communications strategy
- C. Considered as a legitimate right
- D. Documented in the stakeholder expectations plan
Answer: C
NEW QUESTION 18
The Portfolio Management Office plays an integral role in Portfolio Management and offers support to the portfolio manager throughout the portfolio life cycle. What is the role of the PMO with respect to the portfolio performance metrics?
- A. PMO does not have a role in the development or update of performance metrics; it should only offer support to Portfolio Manager with the needed templates to develop metrics
- B. The Portfolio Manager develops and updates the portfolio metrics and the PMO approves them
- C. PMO should work hand in hand with the governance board to approve the performance metrics
- D. PMO should be prepared to develop new metrics when appropriate and delete or change metrics that are no longer relevant
Answer: D
NEW QUESTION 19
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the portfolio closely and that the governance board and the stakeholders would want to check on the progress and status frequently. For this you have developed a robust Portfolio management plan. What do you expect as output of this development?
- A. Portfolio update, Portfolio Roadmap update, Portfolio Management Plan
- B. Portfolio Management Plan, Portfolio Roadmap update, Portfolio Charter update, Enterprise Environmental Factors update
- C. Portfolio Strategic Plan update, Portfolio Process Assets updates, Portfolio Management Plan
- D. Portfolio Management Plan, Portfolio Reports update
Answer: C
Explanation:
Explanation
The answer to this question is Portfolio Strategic Plan update, Portfolio Process Assets updates, Portfolio Management Plan
NEW QUESTION 20
Aligning the portfolio with the strategic objectives starts by developing the Portfolio Strategic Plan. You are currently developing this plan and are looking for a document that provides you long-term direction. What are you looking for in this case?
- A. Inventory of Work
- B. Organizational strategy and objectives
- C. Portfolio Process Assets (PPAs)
- D. Portfolio Strategic Plan
Answer: B
NEW QUESTION 21
Chartering a portfolio is a major step in getting the needed authorizations to execute the portfolio. Your are currently developing the charter and considering the following inputs
- A. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets, Portfolio Roadmap
- B. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets, Portfolio Management Plan
- C. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets
- D. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets, Portfolio
Answer: C
NEW QUESTION 22
Along your portfolio lifecycle, you have been conducting multiple review meetings to ensure continuation from one phase to another and to ensure the alignment and value delivery, in addition to communicating decisions and valuable information to the related stakeholders. When it comes to decisions and actions taken by the governance board as a result of these meetings, they are communicated through
- A. Portfolio Management Plan Updates
- B. Portfolio Reports
- C. Portfolio Updates
- D. Portfolio Process Assets Updates
Answer: B
Explanation:
Explanation
This type of outputs is presented in the form of portfolio reports; reports can include Governance recommendations, Governance decisions, Portfolio component, recommendations, updates in resources, risks/issues, value/benefits, performance, and financials, etc.
NEW QUESTION 23
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. When it comes to Managing portfolio risks, a risk owner, along with the portfolio manager, should select the strategy or mix of strategies most likely to be effective. Which of the following is not a risk strategy?
- A. Response Strategy Selection
- B. Fallback Plan
- C. Scenario Analysis
- D. Strategies for both threats and opportunities
Answer: B
NEW QUESTION 24
Your company is currently on the verge of bankruptcy due to the lack of transparency within the organization; this alerted the CEO to take decisive actions and request that new reporting lines be established in order to be fully transparent. The new reporting lines triggered changes in roles & responsibilities for managing communication and communication policies & constraints. Where are these changes reflected when it relates to your portfolio?
- A. Organizational Process Assets updates
- B. Portfolio Updates
- C. Portfolio Process Assets updates
- D. Portfolio Management Plan updates
Answer: D
Explanation:
Explanation
The Portfolio Communication Plan defines all communication needs, establishes communication requirements, specifies frequency, and identifies recipients for information associated with the portfolio management process. It includes:Communication objectives, Roles and responsibilities for managing communication, Identified stakeholders, Identified stakeholder expectations, Planned methods to collect and store communication, Planned vehicles to access and deliver communication, Planned frequency, and Communication policies/constraints
NEW QUESTION 25
Your company, which has been in the blimp business for over 50 years, prides itself on its robust portfolio management process, which is especially useful now that the demand for blimps of various sizes is much greater than the capacity to produce them. One of the reasons the blimp company has been so successful over the years is it has central management of all of its resources. This approach is important:
- A. To ensure the right resources are assigned
- B. As a way to assess whether existing resources have the competencies to support the components in the portfolio
- C. To monitor resource allocation
- D. Since the various types of needed resources may be limited
Answer: A
NEW QUESTION 26
In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the components report status and progress to the portfolio. Metrics are used for measuring the performance. They need to be meaningful in order to be able to provide clear and logical targets, and in order to be able to be measured.
Which guideline is used in order to develop meaningful measures?
- A. Specific, Meaningful, Achievable, Reachable, Timed
- B. Specific, Measurable, Attainable, Realistic, Time bound
- C. Specific, Meaningful, Accurate, Reachable, Timed
- D. Strong, Meaningful, Accurate, Reachable, Timed
Answer: B
NEW QUESTION 27
Although it has taken significant time, you and your team inventoried all the work under way in your new product development company. This list of components should be:
- A. Maintained by the portfolio manager and continually updated
- B. Prioritized for effective resource allocation
- C. Part of the portfolio management plan
- D. Included in the portfolio roadmap
Answer: B
NEW QUESTION 28
Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently aggregating value delivered by the portfolio components. What can you use to help you in this context?
- A. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets, Portfolio Strategic Plan
- B. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets
- C. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets, Portfolio Component Reports
- D. Roadmap, Portfolio Management Plan, Portfolio Reports
Answer: D
NEW QUESTION 29
You are the portfolio manager for a large and complex portfolio with a low risk appetite. You are currently planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes. Which of the following tools focuses on pricing and sales forecast?
- A. Market Payoff variability
- B. Trade-Off Analysis
- C. Market Requirement Variability
- D. Budget Variability
Answer: A
Explanation:
Explanation
Market Payoff variability focuses on pricing and sales forecast
NEW QUESTION 30
The PMO in your company is newly established and one of its first results was allowing the portfolios to use a new communication method to disseminate the information faster. With relation to your portfolio, where should this new communication be stored?
- A. Portfolio Reports
- B. Portfolio Process Assets updates
- C. PMO Management Plan
- D. Portfolio Management Plan updates
Answer: D
NEW QUESTION 31
All measurements in a Portfolio are done in correspondence to Key Performance Indicators (KPIs), and defining those KPIs is essential and should be done by highly capable personnel. Which of the following is true regarding who prepares KPIs and which party approves them?
- A. Governance team and Executives
- B. Portfolio Manager and Steering Committee
- C. Portfolio Management team and Portfolio Manager
- D. Portfolio Management Team does both
Answer: A
NEW QUESTION 32
Your company acquired another company. The sponsor asked you to check the other company's current inventory of work and see what could be added to your current portfolio. You have a meeting coming up to show the sponsor the portfolio dependencies. Which document should you be showing him?
- A. Portfolio Management Plan
- B. Portfolio Roadmap
- C. Portfolio Strategic Plans of both, your portfolio and the ones of the other company
- D. Portfolio Charter
Answer: B
NEW QUESTION 33
Since you work for a global aerospace and defense organization, it decided to pilot the implementation of portfolio management in its cargo aviation business unit. You were asked to lead this initiative and realized before you could proceed, you should find out information about all the existing projects, programs, and operational activities. This task took three months to complete, but with this list, you now can use it to set up categories for the work that is under way and to also define criteria to use to propose new components. As a result you should:
- A. Ensure the criteria and categories are aligned with the portfolio roadmap
- B. Determine how to optimize the existing work
- C. Set up a Portfolio Review Board
- D. Prepare a portfolio performance plan
Answer: A
NEW QUESTION 34
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