PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 231:

  A new portfolio is initiated with you as the portfolio manager, you started by developing the portfolio strategic plan and are currently reviewing the Organizational Process Assets; which of the options can be a part of this input?

  A. List of portfolio components and Portfolio component selection criteria
  B. Portfolio Components files
  C. Inventory of Work
  D. IT Strategies and Policies
  D. IT Strategies and Policies

• Question 232:

  Along the course of the portfolio, you will be recommending the initiation, termination and update of components. The governance bodies will be approving or rejecting your recommendations as part of their role in the authorization of the portfolio. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Authorize Portfolio Process?

  A. Make Governance Decisions
  B. Allocating resources to develop component proposals or execute portfolio components
  C. Create an up-to-date list of qualified portfolio component
  D. Balance the portfolio for performance and value delivery
  B. Allocating resources to develop component proposals or execute portfolio components

• Question 233:

  Risk is inherent in all activities and managing risk is critical to a successful portfolio. Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. When it comes to Portfolio management, which of the following is a risk concern?

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

• Question 234:

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

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

• Question 235:

  During the portfolio lifecycle, you will be using the roadmap a lot and you be using it to report progress to different stakeholders. When it comes to portfolio roadmap, which of the following options is true?

  A. Roadmap are rarely updated, in contrast to the portfolio charter which gets frequently updated
  B. Roadmap includes internal and external dependencies to other organizational areas
  C. Roadmap is defined after the planning of all components is finished
  D. Roadmaps incorporate all components and shows a graphical representation of the portfolio progress over time
  B. Roadmap includes internal and external dependencies to other organizational areas

• Question 236:

  Being a portfolio manager, you realize that defining value differs among organizations based on the type of organization and its strategic goals and objectives. However, you know a value measurement framework is helpful as it:

  A. Compares expected value across components
  B. Shows value in terms of tangible benefits
  C. Indicates how to best weight and score a component to authorize it
  D. Sets a baseline for a component's expected value
  A. Compares expected value across components

• Question 237:

  Since you work for a global aerospace and defense organization, it decided to pilot the implementation of portfolio management in its cargo aviation business unit. You were asked to lead this initiative and realized before you could proceed,

  you should find out information about all the existing projects, programs, and operational activities. This task took three months to complete, but with this list, you now can use it to set up categories for the work that is under way and to also

  define criteria to use to propose new components.

  As a result you should:

  A. Determine how to optimize the existing work
  B. Ensure the criteria and categories are aligned with the portfolio roadmap
  C. Set up a Portfolio Review Board
  D. Prepare a portfolio performance plan
  B. Ensure the criteria and categories are aligned with the portfolio roadmap

• Question 238:

  One of the key stakeholders came to you asking you to add more metrics because she thinks that it would give the portfolio management a better view of the actual progress. For her the more metrics you have the better. What should your opinion be regarding this?

  A. You should agree as having more metrics is better and because you do not want to say no to a key stakeholder
  B. You should agree, as having more metrics is better
  C. You should disagree and communicate a clear message to the stakeholder that it does not matter how many metrics you have as long as you can fully report the progress
  D. You should disagree and escalate this to the governance board
  C. You should disagree and communicate a clear message to the stakeholder that it does not matter how many metrics you have as long as you can fully report the progress

• Question 239:

  You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. For this you start by developing the strategic plan. What output do you expect from this process?

  A. Portfolio, Portfolio Strategic Plan
  B. Portfolio, Portfolio Strategic Plan, Portfolio Reports
  C. Portfolio, Portfolio Strategic Plan, Enterprise Environmental Factors updates
  D. Portfolio Process Assets updates, Inventory Of Work, Portfolio, Portfolio Strategic Plan
  A. Portfolio, Portfolio Strategic Plan

• Question 240:

  Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently aggregating value delivered by the portfolio components. Which of the following methods are helpful to you?

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