PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 211:

  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 in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. You are currently using it in the development of your charter. What is its purpose in this case?

  A. Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components
  B. It enables the organization to achieve maximum portfolio benefits given current resource constraints
  C. To study the capability of resources, match them against the portfolio's objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands
  D. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio
  D. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio

• Question 212:

  You are mid-way through your portfolio and you are approaching a major milestone where multiple components will be authorized for execution and implementation. For informed decision making, as a portfolio manager, you will be communicating reports that will be viewed and analyzed, and used as critical information for taking a decision for the authorization of components. After passing through the authorization process, multiple reports are generated and others are updated. What type of reports is generated from this process?

  A. Performance
  B. Resources
  C. Value
  D. Resources, Assets and governance decisions
  D. Resources, Assets and governance decisions

• Question 213:

  Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently determining if, when, what, and how of implementing the change in order to re-align the portfolio. What are you currently doing?

  A. Gap Analysis
  B. Readiness Assessment
  C. Change Analysis
  D. Stakeholder Analysis
  B. Readiness Assessment

• Question 214:

  As a portfolio manager, you map the business value areas to each component in your portfolio in order to maintain alignment with the organizational strategy. What is the mechanism that will be used for tracking areas of measurement for assessing how the mix of portfolio components is performing?

  A. Benefits Realization
  B. Performance Metrics
  C. Manage Portfolio Value
  D. Portfolio Roadmap
  B. Performance Metrics

• Question 215:

  Risk Management is integrated in all the other processes and process groups and is an integral recurrent activity throughout the portfolio life cycle. Which of the following is considered the most effective method for analyzing the effect of risks on portfolio strategic objectives, and determining whether they have high or low effect

  A. Tornado Diagram
  B. Risk vs. Return charts
  C. Burn Down/Up charts
  D. Monte Carlo Analysis
  A. Tornado Diagram

• Question 216:

  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 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 optimizing portfolio, what is the purpose of using this analysis?

  A. To study the capability of resources, match them against the portfolio's objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands
  B. Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components
  C. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio
  D. It enables the organization to achieve maximum portfolio benefits given current resource constraints
  D. It enables the organization to achieve maximum portfolio benefits given current resource constraints

• Question 217:

  Portfolio Governance Model is developed as part of the Portfolio management plan and defines the way the organizational assets and resources are planned to be managed within the portfolio according to the specific environment of the organization. Which of the following is correct regarding the Governance Model purpose and content?

  A. Establishes and tailors the decision-making rights and authorities
  B. Ensures benefits are comprehensively and holistically taken into consideration
  C. Contains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment risks, and dependencies
  D. All of the options
  A. Establishes and tailors the decision-making rights and authorities

• Question 218:

  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. What you use to perform this?

  A. Elicitation techniques, Value Scoring and Measurement Analysis, Benefits Realization Analysis
  B. Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
  C. Elicitation techniques, Capability and Capacity Analysis, PMIS
  D. Scenario Analysis, Capability and Capacity Analysis, Quantitative and Qualitative Analysis
  D. Scenario Analysis, Capability and Capacity Analysis, Quantitative and Qualitative Analysis

• Question 219:

  The Portfolio Performance Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Performance Management Plan purpose and focus?

  A. Identifies recipients for information associated with the portfolio management process
  B. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components
  C. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio
  D. Articulates the options, preferences, and factors that will be considered in a specific portfolio
  B. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components

• Question 220:

  While a variety of prioritization approaches are available and are useful in portfolio management and many software packages support the various approaches, it is important to recognize:

  A. Resource constraints
  B. Mandatory criteria
  C. Allocation of funds across categories based on business value
  D. Methods to determine which components should receive the highest priority
  B. Mandatory criteria