PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 241:

  One of your team members who is particularly interested in becoming a portfolio manager has asked you what is the relation between the Portfolio roadmap and the Programs/Projects roadmaps? What should be your answer to him?

  A. Program and Project roadmaps may be included in the portfolio roadmap
  B. There is no relation whatsoever
  C. Program and Project roadmaps are more detailed and less strategically aligned
  D. Portfolio roadmaps are high level approaches for program and project roadmaps
  A. Program and Project roadmaps may be included in the portfolio roadmap

• Question 242:

  Based on the following table, assume you have been asked to perform a prioritization analysis based on these data. You realize risk is a major concern to the company, but you have some data available about potential benefits. These data show A and D have the greatest benefits. A and D are followed in terms of benefits by C, then B, then F, and finally Assume three of the programs and projects can be added to the portfolio when the Board meets. Your recommendation is to select:

  

  A. A, B, and C
  B. A, D, and C
  C. A, F, and C
  D. D, B, and C
  B. A, D, and C

• Question 243:

  Calculate the composite index for the following portfolio having CPI weight = 80% and SPI weight = 20%

  A. 0.9
  B. 1.5
  C. 1
  D. 1.1
  C. 1

• Question 244:

  Due to a strategic change, multiple components on your portfolio have been terminated, leaving you with limited remaining funds coming from the terminated components. What should be your best course of action?

  A. Since the funds are limited, you can leave them with you and use them as equity protection for low probability and high impact risks
  B. Return the funds to the organization
  C. Since the remaining budget is limited, the portfolio manager can directly assign it to ongoing components that need a little push
  D. Re-activate one of the terminated components because you have additional budget
  B. Return the funds to the organization

• Question 245:

  When it comes to managing a portfolio, you have a variety of assets, plans and tools and techniques used. It requires a good experience to handle all of these artifacts. One of your portfolio team members came to you asking about the

  relation between the portfolio performance management plan, the portfolio management plan and portfolio strategic plan.

  What should your answer be?

  A. The portfolio strategic plan is a subsidiary plan or a component of the portfolio management plan. The portfolio performance management plan is a separate plan
  B. The portfolio performance management plan is a subsidiary plan or a component of the portfolio management plan. The portfolio strategic plan is a separate plan
  C. The portfolio performance management plan is a subsidiary plan or a component of the portfolio strategic plan. The portfolio strategic plan is also incorporated within the portfolio management plan as a part of it
  D. The portfolio performance management plan and the portfolio strategic plan are both subsidiaries of the portfolio management plan
  B. The portfolio performance management plan is a subsidiary plan or a component of the portfolio management plan. The portfolio strategic plan is a separate plan

• Question 246:

  Portfolio Reports are widely used as inputs and outputs to multiple processes throughout the Portfolio Life Cycle. Which of the following is NOT part of portfolio reports?

  A. None of the options
  B. Updates in resources, risks/issues, value/benefits, performance, and financials
  C. Governance Recommendations
  D. Feedback report to organizational strategy planning
  A. None of the options

• Question 247:

  While defining the portfolio, the portfolio manager uses a set of evaluation criteria in order to generate a list of portfolio components for optimization and balancing. Which of the following is not an evaluation criteria?

  A. Technology capabilities and capacities
  B. Costs
  C. Benefits, financial and non-financial
  D. Customer
  D. Customer

• Question 248:

  Portfolios tend to have over or under allocations if the portfolio management is of low maturity. Which tool will help you analyze the resources over and under allocations?

  A. Communication Management Plan
  B. Resource Histograms
  C. Performance Management Plan
  D. Resource Pool
  B. Resource Histograms

• Question 249:

  When managed correctly, the balanced scorecards can change the way an organization does business. Balanced scorecards keep focus on results. Which of the following are factors that can be targeted by the Balanced Scorecards method?

  A. Product Manufacturing, core competencies, response times, maintenance costs, shareholder value
  B. Reward, Leveraging Skills, Leveraging Information Systems, core competencies
  C. Product Manufacturing, core competencies, response times, reward, shareholder value
  D. Learning and Growth, Internal Process, Customer, Financial, Reward, maintenance costs, market value, supplier value
  A. Product Manufacturing, core competencies, response times, maintenance costs, shareholder value

• Question 250:

  Your portfolio is on a tight deliverables and is considered the major portfolio in your company. Stakeholders are concerned about the purpose of defining a portfolio while already having an inventory of work and are worried that this will cause a lot of time to be wasted. What is your advice to the stakeholders?

  A. This process is required to optimize and balance the portfolio for performance and value delivery
  B. This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization
  C. This process can be skipped because it will be re-done as part of the Optimize Portfolio process
  D. They are right, the process can be skipped when an inventory of work is in place
  B. This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization