PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 141:

  Your company works closely with the government on the implementation of water pumps for rural areas. You are constantly dealing with new and updated regulations, and periodically adapting the portfolio to the changes. When it comes to regulatory components, how do you include the components in the portfolio?

  A. Normally categorize, score and rank the components, however, include them in the final portfolio regardless of the results
  B. Normally categorize, score and rank the components and include them similar to any other component in the portfolio
  C. Reject them if they are not strategically aligned with the portfolio objectives
  D. Include them directly in the portfolio without categorization, ranking and scoring
  A. Normally categorize, score and rank the components, however, include them in the final portfolio regardless of the results

• Question 142:

  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 have developed a robust performance management plan. What is expected to be found in this plan?

  A. Identified stakeholder expectations
  B. Resources required by type and quantity
  C. Resource optimization and Benefits Realization
  D. Portfolio Vision and measurable goals and guidance
  C. Resource optimization and Benefits Realization

• Question 143:

  An urgent review meeting was set due to the discovery of multiple risks which can have drastic effects on the portfolio. As a result of the meeting, it was agreed to increase the portfolio budget and add more resources in order to manage the new risks. Which of the following documents needs to be updated as a result of this decision?

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

• Question 144:

  When it comes to change, one of your junior portfolio managers came to you requesting your help to deal with the overwhelming strategic changes. He wants your assistance in solving the issue of continuous changes in the organization's objectives. What should be your advice to him?

  A. Change is a normal thing when it comes to portfolios, and he should act upon each strategic change in a quick manner in order to re-align his portfolio
  B. Not all strategic changes impacting his portfolio need to be taken care of; he should prioritize the change and only accept the ones with high priorities
  C. Help him to align his portfolio and manage it correctly in order to decrease the number and scale of changes
  D. Inform him that this is abnormal and that he should re-do the planning for his portfolio; even if it takes time and resources, but it will help him a lot for the rest of the portfolio life cycle
  A. Change is a normal thing when it comes to portfolios, and he should act upon each strategic change in a quick manner in order to re-align his portfolio

• Question 145:

  Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. When it comes to Operations management, which of the following is a risk concern?

  A. Issues with Product development
  B. Time to market
  C. Reporting and data accuracy
  D. Time, cost and scope commitments
  A. Issues with Product development

• Question 146:

  During the portfolio lifecycle, components will be authorized, initiated, executed and closed accordingly. For authorizing the portfolio, as a program manager you will use which of the Which of the following tools and techniques?

  A. PMIS, Authorization techniques, Scenario Analysis
  B. PMIS, Authorization techniques
  C. Authorization techniques, Scenario Analysis
  D. PMIS, Authorization techniques, Review Meetings
  B. PMIS, Authorization techniques

• Question 147:

  Assume you completed your portfolio performance management plan, and it was approved by the Oversight Committee. This plan, with an overall purpose to maximize portfolio performance, describes resource allocation and resource-related issues among other items. In it a key component is benefits realization. This emphasis on benefits planning provides:

  A. Examples for templates for benefits realization planning
  B. Methods to evaluate the expected net benefits
  C. An approach focusing on continuous improvement in overall performance
  D. Methods to assist in benefit identification
  B. Methods to evaluate the expected net benefits

• Question 148:

  A major strategic change has occurred and you are managing the change at portfolio level. You are currently performing gap analysis and you receive information on a stakeholder that is extremely unhappy with how the change will be handled in your portfolio. What should be your best course of action?

  A. Perform prioritization analysis in order to position the change with relations to other changes
  B. Check the Communication Strategy matrix and ignore the stakeholder if he lies in the lower quadrants
  C. Escalate the issue to steering committee before any further damage happens
  D. Perform Stakeholder Analysis
  D. Perform Stakeholder Analysis

• Question 149:

  Various people are responsible for communications to different stakeholder groups, both internal and external to the organization. These delegations of authority are:

  A. Organizational process assets
  B. Contained in the portfolio performance plan
  C. A section in the portfolio communication management plan
  D. Portfolio process assets
  D. Portfolio process assets

• Question 150:

  Updates to schedules i.e. resource, funding, benefits, are results of Developing the Portfolio Performance Management Plan process. Where should these updates be recorded?

  A. Portfolio Management Plan updates
  B. Enterprise Environmental Factors Update
  C. Portfolio Process Assets updates
  D. Portfolio update
  C. Portfolio Process Assets updates