PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 271:

  Recognizing that different components can have different types of risks, you decide to see how each risk affects the components. For example, assume you have identified a structural risk as overly ambitious plans and determine this risk affects three of the top five risks in your portfolio. You also have identified an environmental risk, in terms of whether the component will promote the organization's vision, which affects two components. Each component then has some other types of risks that affect it. From such an analysis you can see:

  A. Gaps in the portfolio
  B. Common causes
  C. Overall portfolio risk impact
  D. Rebalancing needs
  B. Common causes

• Question 272:

  The portfolio management information system (PMIS) is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage systems to support a successful portfolio. Which of the following is a trait of a PMIS?

  A. Recording Stakeholder opinion
  B. Archiving legal data
  C. All of the options
  D. Learning hub
  B. Archiving legal data

• Question 273:

  As part of the annual planning, PMO has started to group initiatives managed under each portfolio in the organization. The collected list will be used in developing the new Portfolio Strategic Plan. What is this collected list called?

  A. Portfolio
  B. Portfolio Component Inventory
  C. Portfolio Process Assets (PPAs)
  D. Inventory of Work
  D. Inventory of Work

• Question 274:

  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. Consider that your company is risk-averse, on which side of the efficient frontier curve should the undertaken portfolios lie?

  A. Below the curve
  B. Along the lower bounds of the curve
  C. Above the curve
  D. Along the upper bounds of the curve
  B. Along the lower bounds of the curve

• Question 275:

  Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is incorporated in all process groups as well. As a portfolio manager, how do you map the risk management elements to process groups?

  A. Risk Planning (Defining) - Risk Assessment and Response (Aligning)
  B. Risk Assessment (Defining) - Risk Planning (Aligning) - Risk Response (Authorizing and Controlling)
  C. Risk Planning (Defining) - Risk Assessment (Aligning) - Risk Response (Authorizing and Controlling)
  D. Risk Planning (Defining) - Risk Assessment (Planning) - Risk Response (Authorizing and Controlling)
  C. Risk Planning (Defining) - Risk Assessment (Aligning) - Risk Response (Authorizing and Controlling)

• Question 276:

  Chartering a portfolio is a major step in getting the needed authorizations to execute the portfolio. Your are currently developing the charter and considering the following inputs

  A. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets
  B. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets, Portfolio
  C. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets, Portfolio Management Plan
  D. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets, Portfolio Roadmap
  A. Portfolio Strategic Plan, Enterprise Environmental Factors, Portfolio Process Assets

• Question 277:

  In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following help you with managing the portfolio value?

  A. PMIS, Elicitation techniques, Communication Requirements Analysis, Communications Methods
  B. Elicitation techniques, Capability and Capacity Analysis, PMIS
  C. Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
  D. Scenario Analysis, Capability and Capacity Analysis, Quantitative and Qualitative
  A. PMIS, Elicitation techniques, Communication Requirements Analysis, Communications Methods

• Question 278:

  A new sponsor was appointed by the company in order to push more on the investments underway. The new sponsor wants detailed information on time and money and wants to get things done quickly. Which element of the portfolio management plan will be referred to for managing the sourcing of key resources?

  A. Portfolio Oversight
  B. Governance Model
  C. Communication Management Plan
  D. Performance Management Plan
  D. Performance Management Plan

• Question 279:

  In identifying risks to then manage and control, as the portfolio manager you are consulting organizational process assets such as:

  A. Commercial data bases
  B. Lessons learned
  C. Knowledge bases
  D. Values
  D. Values

• Question 280:

  A portfolio manager on one of the major sub-portfolios in your portfolio has tendered his resignation and gave you a 2 months notice. This unexpected change will require you to take immediate action with the governance board. Which of the following processes will be handling this situation?

  A. Manage Portfolio Risk
  B. Provide Portfolio Oversight
  C. Manage strategic change
  D. Manage Supply and Demand
  B. Provide Portfolio Oversight