PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 191:

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

  A. In a portfolio, the Portfolio manager follows the portfolio management processes linearly and does not need to repeat a process once finished
  B. Generally, you have a single portfolio in an organization, and all other portfolios are sub- portfolios of it
  C. A portfolio is a component collection of programs, projects, or operations managed as a group to achieve strategic objectives
  D. A portfolio has clear start and end dates in order for the organization to be able to know when to achieve its strategic objectives
  C. A portfolio is a component collection of programs, projects, or operations managed as a group to achieve strategic objectives

• Question 192:

  Your company acquired another company. The sponsor asked you to check the other company's current inventory of work and see what could be added to your current portfolio. You have a meeting coming up to show the sponsor the portfolio dependencies. Which document should you be showing him?

  A. Portfolio Roadmap
  B. Portfolio Charter
  C. Portfolio Management Plan
  D. Portfolio Strategic Plans of both, your portfolio and the ones of the other company
  A. Portfolio Roadmap

• Question 193:

  A problem related to internal corruption has occurred in your company. The CEO has setup a new management team and had to do budget cuts until the situation is stabilized. Your portfolio is highly affected by this budget cut and you were obliged to cancel a few components. What is your best course of action in this case?

  A. Cancel the components that are not performing well
  B. Do not cancel components; and request additional budget from the management
  C. Prioritize components and assign the available resources to them
  D. Raise the issue to the sponsor so he can get you additional resources
  C. Prioritize components and assign the available resources to them

• Question 194:

  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 following techniques uses historical data to determine if resource requirements have been consistently underestimated?

  A. Lessons Learned Analysis
  B. Requirements Analysis
  C. Trend Analysis
  D. Value Scoring and Measurement
  C. Trend Analysis

• Question 195:

  Due to market technological changes, your company got impacted and was urged to revise its portfolios. You are currently revising your portfolio to determine the required changes in the component mix. Which of the following options is the means to the "to-be" vision?

  A. Portfolio
  B. Portfolio Management Plan
  C. Portfolio Roadmap
  D. Portfolio Strategic Plan and Portfolio
  A. Portfolio

• Question 196:

  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. Risk Categories, criteria and probability and impact are updated as a result of Developing the Risk Management Plan. These updates are recorded in which of the following?

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

• Question 197:

  Portfolio managers tend to use the efficient frontier analysis as a modeling approach that gives decision makers the analytical tool to optimize portfolios given resource constraints such as risk. In which of the Portfolio management processes the efficient frontier is mostly used

  A. Optimize Portfolio
  B. Manage Supply and Demand
  C. Manage Portfolio value
  D. Manage Portfolio Information
  C. Manage Portfolio value

• Question 198:

  As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Communication Calendar is one of the prepared documents, what does it include?

  A. Intended recipients, communication vehicles, frequency and communication areas
  B. Stakeholders roles, interests, expectations and groups
  C. Stakeholders quadrants showing the level of interest and influence
  D. Representation of all of the communication for the portfolio and their frequency over a period of time
  D. Representation of all of the communication for the portfolio and their frequency over a period of time

• Question 199:

  By setting up portfolio categories and using a pair-wise comparison approach to rank components, as the portfolio manager, you feel that you are finally setting up and getting people to follow standard portfolio practices. Since portfolio management still is relatively new, progress is under way. As some components are added, and others are not continued, you are making sure if a component is terminated that it does not have dependencies with others in the portfolio. You need to then:

  A. Revise the ranking model
  B. Inform all stakeholders
  C. Update the roadmap
  D. Upgrade to a more detailed scoring model that includes dependencies with components
  C. Update the roadmap

• Question 200:

  Due to multiple issues, there were changes in the reporting process in your portfolio; the meetings with their frequencies have been changed and this will also affect the reporting cycle times. In order to meet this new change you will update which of the following documents?

  A. Communication Strategy Matrix
  B. Communication Calendar
  C. PMIS
  D. Communication Matrix
  B. Communication Calendar