PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 1:

  Assume you are the portfolio manager for your HVAC (Heating, Ventilating, and Air Conditioning) company, one of the largest in the world. Preparing for a meeting with the Portfolio Governance Committee, you have been reviewing the success of components that have been completed as well as the progress of current portfolio components. In many cases people who only purchased heating units in the northern part of the country, and people who purchased only air conditioners in the south, now are buying state-of the art products to easily switch as needed. You found the risks of climate change led to the need for these new energy efficient products and did so by:

  A. Sensitivity analysis
  B. Ranking and scoring techniques
  C. Investment choices
  D. Trend analysis
  D. Trend analysis

• Question 2:

  Review the following graphic. Assume now your portfolio is only 12% likely to meet is target of $41,000. Your Portfolio Review Board is dissatisfied in your management of the value of the overall portfolio. You explain the current mix of components is too risk adverse, and additional investment is required. The Board Chair then wants the needed investment to have a 75% likelihood, and you state it is:

  

  A. $100,000
  B. $50,000
  C. $125,000
  D. $65,000
  B. $50,000

• Question 3:

  Due to multiple occurrences of risk realization, the CEO has asked you to re-assess the portfolio risks once again. Up to what level in the organization do you go when you need to assess risks?

  A. Operational
  B. All Organizational Levels
  C. Functional
  D. Internal to the portfolio
  B. All Organizational Levels

• Question 4:

  Specific types of communication technology that are used such as communication media, record retention policies, and security information are examples of:

  A. Organizational process assets
  B. Portfolio process assets
  C. Items in the information distribution process
  D. Items needed to cover the portfolio communications management plan
  B. Portfolio process assets

• Question 5:

  Based on the following table, assume you have been asked to perform a prioritization analysis based on these data. You realize risk is a major concern to the company, but you have some data available about potential benefits. These data show A and D have the greatest benefits. A and D are followed in terms of benefits by C, then B, then F, and finally Assume three of the programs and projects can be added to the portfolio when the Board meets. Your recommendation is to select:

  

  A. A, B, and C
  B. A, D, and C
  C. A, F, and C
  D. D, B, and C
  B. A, D, and C

• Question 6:

  You have been asked to manage a major portfolio in order to salvage the company and and re-align it with the strategic objectives and goals. You decided to develop the strategic documents and are currently developing the charter. As a portfolio manager, which of the following would be your answer when asked of the purpose for the development of portfolio charter?

  A. Execute portfolio management processes
  B. Authorize portfolio components
  C. Start the development of Portfolio Management plan and all of its subsidiary plan
  D. Develop portfolio structure
  A. Execute portfolio management processes

• Question 7:

  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?

  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
  A. High-level prioritization mapping of the portfolio

• Question 8:

  As a portfolio manager, you realize the importance of communication for the success of a portfolio. You are now developing the portfolio management plan and are looking for the portfolio current risks status including high risks. Which of the following contains what you are looking for?

  A. Portfolio Management Plan
  B. Portfolio Reports
  C. Portfolio Charter
  D. Portfolio Process Assets
  D. Portfolio Process Assets

• Question 9:

  As the portfolio manager you have worked to consider the complexities involved of the interdependencies in your programs, projects, and ongoing work. As your portfolio process has been implemented for three years, a key challenge is that senior executives tend to change priorities often even though programs and projects are being implemented. Often these programs and projects are cross-functional, and the result is your process is not coordinated. You recognize there is a need to change, and you met with the Chair of the Portfolio Review Board and have her support for a transparent approach for portfolio standards and prioritization. You should:

  A. Revise the balancing process
  B. Revise the portfolio management plan
  C. Revise the scoring model
  D. Set up a standard method to communicate change
  B. Revise the portfolio management plan

• Question 10:

  Working to best optimize resource supply and demand in your telecom company, authorized components are prioritized to help in resource allocation. This means as you work to do so, you need to review the portfolio because:

  A. It provides guidance in terms of recommendations if there are changes in strategy and resource availability
  B. Resource requirements are balanced according to the resource pool
  C. Components are not authorized unless resources are available to support them
  D. Sponsors assess resource requirements and their availability before proposing a component to be in the portfolio
  B. Resource requirements are balanced according to the resource pool