PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 181:

  Assume you are managing a high visibility project in your company that once it is completed will transform it into new markets and be the leader in the soft phone field. You are keeping the project a secret from external stakeholders, and you and your team have signed Non-disclosure agreements (NDAs). However, the executives and those on the Portfolio Review Board want status information on this project every two weeks. You provide it:

  A. To those on the portfolio distribution list
  B. Electronically in a format that cannot be printed or forwarded
  C. To the members of the Board and executives verbally
  D. To the portfolio manager
  D. To the portfolio manager

• Question 182:

  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. You are currently developing the Risk Management Plan. What can you use as inputs to this process?

  A. Portfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise Environmental Factors
  B. Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
  C. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors
  D. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio
  C. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors

• Question 183:

  With the introduction of new legislation in your company, anyone now is entitled to medical services regardless of whether or not they are employed or have any pre-existing health conditions. Your insurance company's executives have been tracking this legislation as it means significant changes for your company; many employers who obtained insurance through your company may go elsewhere for lower costs. Recognizing this legislation may lead to a loss of revenue, your company decided to merge with another insurance firm to obtain greater market share. This merger, though, means some existing projects may not be needed, and the workforce will be reduced by 20 percent, Such a significant change will impact how components are categorized in your portfolio leading to:

  A. The need for a re-constituted oversight group
  B. Portfolio rebalancing
  C. A requirement to update the portfolio management plan
  D. A new portfolio prioritization model
  B. Portfolio rebalancing

• Question 184:

  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 used throughout the portfolio life cycle; when it comes to developing the portfolio communication management plan, which of the following options is correct

  A. The portfolio roadmap helps with the understanding of the structure of the portfolio and interdependencies among the portfolio components
  B. The portfolio roadmap is necessary for this process because it summarizes strategic objectives, evolving aspects of the strategy by organizational areas, portfolio milestones, dependencies, challenges, and risks
  C. The portfolio roadmap provides a high-level timeline for expected portfolio component delivery
  D. The portfolio roadmap provides the high-level strategic approach in a chronological fashion for portfolio management execution
  A. The portfolio roadmap helps with the understanding of the structure of the portfolio and interdependencies among the portfolio components

• Question 185:

  You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the below helps in optimizing the supply and demand?

  A. Minimize both the unused capacity and the unmet demands
  B. Maximize both the unused capacity and the unmet demands
  C. Maximize the unused capacity and minimize the unmet demands
  D. Minimize the unused capacity and maximize the unmet demands
  B. Maximize both the unused capacity and the unmet demands

• Question 186:

  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 187:

  A junior Portfolio manager has come to you for advice. He is hearing a lot about the focus of portfolio management practices, however, he is not sure anymore of the exact answer. What do you, as an experienced portfolio manager tell him?

  A. Portfolio is undertaken to produce deliverables that support specific organizational objectives
  B. Portfolio is undertaken to achieve one or more organizational strategies and objectives
  C. Portfolio is undertaken to achieve benefits
  D. Portfolio is undertaken to handle operational daily activities
  B. Portfolio is undertaken to achieve one or more organizational strategies and objectives

• Question 188:

  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. Since the various types of needed resources may be limited
  B. To ensure the right resources are assigned
  C. To monitor resource allocation
  D. As a way to assess whether existing resources have the competencies to support the components in the portfolio
  B. To ensure the right resources are assigned

• Question 189:

  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

• Question 190:

  Performance reporting is important in a program and usually, the portfolio manager aggregates performance information from the portfolio components in order to present the related reports. Which of the following measures can be used in performance reporting?

  A. Earned Value
  B. Cost Sunk
  C. All the options
  D. CPI and SPI
  C. All the options