PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 171:

  As vision is the desired end state, it requires specific strategies to attain it. These strategies are best achieved by establishing:

  A. Outcomes
  B. Key performance indicators
  C. Critical success factors
  D. Goals
  D. Goals

• Question 172:

  You are managing a portfolio linked to multiple business units and you set clear roles and responsibilities from the beginning to avoid delays and to enhance the decision making process. An unanticipated issue occurred last week, which relates to one of your team members missing to check the market fluctuating currency. In which of the following documents should you look to know which member was responsible of this?

  A. Strategic Plan
  B. Governance Model
  C. Risk Register
  D. Risk Roles and Responsibilities
  B. Governance Model

• Question 173:

  Your company has decided to invest in a revolutionary product that will make the delivery of online orders easier and will cut down the delivery time by no less than 35%. While measuring the value of the new component with relation to the market, which of the following should be used?

  A. Comparative Advantage Analysis
  B. Market Requirement Analysis
  C. Weighted Ranking and Scoring
  D. Cost-Benefit
  A. Comparative Advantage Analysis

• Question 174:

  A portfolio manager needs to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to developing the charter, and in order to complete the portfolio structure, the capability and capacity analysis is used to

  A. Measure the internal resource capacity and establish the external resources availability
  B. Measure internal and external resources capabilities and capacities
  C. Measure the internal resource availability and establish the external resources capacity
  D. Measure availability and capability of internal resources and forecast the use of external resources
  A. Measure the internal resource capacity and establish the external resources availability

• Question 175:

  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 continuously report risks and issues to stakeholders. One of the key stakeholders is furious as he cannot find an issue that has occurred a week ago in the risk register. What should you do in this case?

  A. Inform the stakeholder that risk that have occurred are removed from the risk register and not used anywhere else
  B. Inform the stakeholder that issues are risks that have occurred and are tracked as part of the issue register
  C. Inform the stakeholder that you will directly fix this and include it in the risk register
  D. Inform the stakeholder that when positive risks occur they become realized opportunities and when negative risks occur they become realized threats
  B. Inform the stakeholder that issues are risks that have occurred and are tracked as part of the issue register

• Question 176:

  Assume you are preparing the first portfolio risk management plan for your outsourcing company, which typically handles call centers around the world. While the company has implemented portfolio management and has a Portfolio Oversight Group, it did not previously assess risks to the portfolio itself. Instead, it assumed risks would be managed at the project level. However, numerous customer complaints have been received. The root cause is once a new call center is established, limited if any planning is done as the manager rushes to have it ready and operational as soon as possible. This has led to a lack of understanding as to what is required for the call centers to be successful. In preparing this plan, you are reviewing the portfolio management plan because it:

  A. Contains the portfolio vision statement
  B. Provides the organization's risk tolerance
  C. Provides guidance on stakeholder engagement
  D. Includes the portfolio performance matrices
  C. Provides guidance on stakeholder engagement

• Question 177:

  While there are a number of recommended contents of the portfolio strategic plan, a guiding principle is to:

  A. Document assumptions and constraints
  B. Recognize stakeholder risk tolerances
  C. Recognize the portfolio will evolve through progressive elaboration
  D. Define the portfolio vision and objectives to align with organizational strategy
  D. Define the portfolio vision and objectives to align with organizational strategy

• Question 178:

  Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the portfolio aligned with stakeholders expectations. What is the process for soliciting requirements called?

  A. Communication Requirements Analysis
  B. Elicitation
  C. Stakeholder Analysis
  D. Communication Methods
  B. Elicitation

• Question 179:

  The portfolio is undergoing and your are now in the monitoring and controlling phase. Two of your team members are arguing about what to use in order to determine decisions to be made with regards to the portfolio and its components. What should be your advice to them?

  A. They should use the elicitation techniques to get as much data as possible on the progress in order to be able to take decisions
  B. They should conduct review meetings on formal and scheduled basis
  C. They should conduct review meetings on scheduled and informal basis
  D. They should conduct review meetings on need basis
  B. They should conduct review meetings on formal and scheduled basis

• Question 180:

  A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed abundantly throughout the portfolio lifecycle and spans multiple processes. While performing the capability and capacity analysis during the manage supply and demand process, which of the following you use to maximize the use of resources

  A. Continuous monitoring of the progress
  B. Allocating scarce resources
  C. Equity Protection
  D. Soft Booking
  D. Soft Booking