PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 251:

  A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The CEO has asked you to prepare a presentation to depict the impact of this change on portfolio resources. Which of the following should you present in this case?

  A. Communication matrix and communication calendar
  B. Resource Histograms
  C. Benefits Realization
  D. Efficient Frontier
  B. Resource Histograms

• Question 252:

  As the portfolio manager, you must engage stakeholders and build and maintain outstanding relationships with them as much as possible. After identifying and classifying them, you want to make sure you provide the specific information each stakeholder group requires. Therefore you prepare:

  A. A communications strategy matrix
  B. A communications matrix
  C. A reporting frequency matrix
  D. A stakeholder matrix
  D. A stakeholder matrix

• Question 253:

  Developing the Portfolio Management Plan is a major step in a Portfolio and for a Portfolio Manager. You are currently developing this plan and having focus groups and brainstorming activities during which you are using mind-maps diagrams to organize the idea into logical groupings. Which of the below are you using?

  A. Integration Of Portfolio Management Plans
  B. Facilitation Technique
  C. Collaboration Technique
  D. Survey Technique
  B. Facilitation Technique

• Question 254:

  As a portfolio manager and as part of your governance role, you use multiple tools and techniques to monitor and control the portfolio and maintain oversight. Which of the following can be used as tools and techniques in your role in oversight?

  A. Review meetings, Elicitation techniques, Integration Management
  B. Review meetings, Elicitation techniques
  C. Review meetings, Elicitation techniques, Scenario Analysis
  D. Review meetings, Elicitation techniques, PMIS
  B. Review meetings, Elicitation techniques

• Question 255:

  Specific types of communication technology that are used such as communication media, record retention policies, and security information are examples of:

  A. Organizational process assets
  B. Portfolio process assets
  C. Items in the information distribution process
  D. Items needed to cover the portfolio communications management plan
  B. Portfolio process assets

• Question 256:

  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 have just finalized the development of the risk management plan. What do you normally expect to find in a Portfolio Risk Management Plan?

  A. Communication policies/constraints
  B. Organizational risk tolerance
  C. Governance Model
  D. Roles and Responsibilities for risk management
  D. Roles and Responsibilities for risk management

• Question 257:

  You are the portfolio manager in a large organization including a diversity of stakeholders. From the start, you knew the importance of correctly managing the stakeholders requirements and concerns and you grouped them in order to

  A. Group stakeholders as internal and external
  B. Facilitate stakeholders identification
  C. Group stakeholders from the same functional area
  D. Group stakeholders having same concerns and interests
  B. Facilitate stakeholders identification

• Question 258:

  Assume you work for a technology company that is publically owned, and the value of its stock is tracked daily by the CFO and is reported to the portfolio manager. Quarterly meetings are held with stockholders as the company went public through an Initial public offering (IPO) last year. These stockholders:

  A. Have different communications requirements than other stakeholders
  B. Typically receive information as to the portfolio health before each meeting
  C. Want to attend all Portfolio Review Board meetings
  D. Are considered external stakeholders
  D. Are considered external stakeholders

• Question 259:

  Your company's water treatment center serves three cities. Tests are conducted each day to see if the water is safe to drink. On Thursday, E coli were found in the water, but the water authority did not notify the citizens in the three cities. Instead, the citizens learned on Friday, the water was now safe to drink. The citizens are in an uproar, and your company is to blame. It is obvious one of the problems is the aging infrastructure and limited resources. To best optimize the portfolio, your CEO asked you to:

  A. Reallocate financial and other resources to new components to avoid this problem in the future
  B. First determine why citizens were not aware of the problem
  C. Analyze the testing methods in use for effectiveness
  D. Analyze the physical needs
  D. Analyze the physical needs

• Question 260:

  Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, change to reflect the new stakeholders and their expectations?

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