PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 91:

  In managing strategic change, the portfolio manager performs stakeholder analysis in order to consider the changing requirements. One of the key stakeholders expressed concerns about the lack of recognition of the value contribution of his department. The portfolio manager is not convinced with the level of value contribution. Which of the following is considered the best approach to take?

  A. Accept the statement as it is a key stakeholder and the portfolio manager should remain in good contact with him
  B. Reject the statement
  C. Assign an owner to follow up on this concern and take a decision accordingly
  D. This is a key stakeholder and his expectations and requirements should be taken into consideration for further analysis
  D. This is a key stakeholder and his expectations and requirements should be taken into consideration for further analysis

• Question 92:

  As part of the portfolio management plan, you have the "Manage Strategic Change" and the "Change Control and Management". This is causing issues to one of your team's junior portfolio managers as she cannot understand the difference. In your opinion, what is the difference between both?

  A. There is no difference; they both refer to the same document
  B. "Manage Strategic Change" enables managing changes to strategic direction; and the "Change Control and Management" defines the process for change management activities during portfolio execution
  C. "Manage Strategic Change" is the detailed process of "Change Control and Management"
  D. "Change Control and Management" manages changes to strategic direction; and the "Manage Strategic Change" defines the process for change management activities during portfolio execution
  B. "Manage Strategic Change" enables managing changes to strategic direction; and the "Change Control and Management" defines the process for change management activities during portfolio execution

• Question 93:

  Your company changed its executives due to the lack of benefits realization and previous corruption issues. The new management has informed you that as of now, this will not change any process in the portfolio and everything will remain the same. However, only the risk tolerance for the organization will be impacted, what will you do as a portfolio manager?

  A. Perform stakeholders analysis once again and change the organization risk tolerance in the portfolio communication management plan
  B. Update the Strategic Plan
  C. Assess the impact of the change along with the new management
  D. Revise the roadmap to change the timeline due to the new risk profile
  B. Update the Strategic Plan

• Question 94:

  You are managing a portfolio in a functional organization and resources are shared between operations and projects. You are continuously performing capability and capacity analysis in order to optimize the portfolio. Which of the following capability and capacity analysis is used to limit the number AND size of components the organization can execute?

  A. Financial
  B. Human Resources
  C. Knowledge Basis
  D. Assets
  D. Assets

• Question 95:

  Stakeholders are concerned about the purpose of optimizing a portfolio while already having defined the portfolio with its related components, and are worried that this will cause a lot of time to be wasted. What is your advice to the stakeholders?

  A. This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization
  B. This process is required to optimize and balance the portfolio for performance and value delivery
  C. They are right, the process can be skipped when an inventory of work is in place
  D. This process can be skipped because it will be re-done as part of the Optimize Portfolio process
  B. This process is required to optimize and balance the portfolio for performance and value delivery

• Question 96:

  Assume at this point as the portfolio manager in your mattress company, you are activating portfolio components, updating portfolio reports, and documenting the decisions made at the recent Portfolio Governance Committee meeting as the company moves into new markets. You are therefore:

  A. Communicating decisions to all stakeholders
  B. Maintaining a decision log from the Committee meeting
  C. Updating the portfolio strategic plan
  D. Authorizing the portfolio
  D. Authorizing the portfolio

• Question 97:

  As you work to determine which of four possible components to optimize the portfolio, assume you are using the internal rate of return as the key crite rion to make your recommendation. Only one new component can be added based on financial constraints. Each of the four potential components has benefits that support the strategic plan. Based on the following data, you recommend:

  

  A. Project A
  B. Program A
  C. Program B
  D. Project B
  C. Program B

• Question 98:

  In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Information is considered to be the link between the portfolio activities and entities. You are currently collecting, analyzing, storing, and delivering portfolio information to stakeholders in accordance with their requirements. What can help you in doing this?

  A. Portfolio Roadmap, Portfolio, Portfolio Reports, Portfolio Management Plan, Portfolio Component Reports
  B. Enterprise Environmental Factors, Portfolio, Portfolio Reports, Portfolio Management Plan, Portfolio Component Reports
  C. Portfolio Process Assets, Portfolio, Portfolio Reports, Portfolio Management Plan, Portfolio Component Reports
  D. Enterprise Environmental Factors, Portfolio, Portfolio Reports, Portfolio Management Plan, Portfolio Strategic Plan
  C. Portfolio Process Assets, Portfolio, Portfolio Reports, Portfolio Management Plan, Portfolio Component Reports

• Question 99:

  While defining the portfolio, a portfolio manager does a preliminary comparison of all inventoried portfolio components against the portfolio component definition. For this, the descriptors of each portfolio component are used in order to compare it to other components. Which of the following is not a component key descriptors?

  A. Component Customer
  B. Urgency
  C. Resources Required
  D. Component Number
  B. Urgency

• Question 100:

  You are managing a large portfolio and are approaching to a major checkpoint. As a portfolio manager, you are now collecting information and reports from various components for aggregation and presentation. What method/tool can you use to support you in this process?

  A. Elicitation
  B. PMIS
  C. Manage Portfolio Information
  D. Communication methods
  A. Elicitation