PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 301:

  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 is the expected outcome from managing supply and demand?

  A. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports updates, Portfolio Components Reports updates
  B. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports
  C. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates
  D. Portfolio updates, Portfolio Management Plan updates, Portfolio Process Assets updates
  B. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports

• Question 302:

  During a portfolio review meeting, the steering committee has decided on the inclusion of a new project to re-align the portfolio with its strategic objectives, what do you do before and after the meeting?

  A. Update the decision; write the Minutes Of Meeting
  B. Change request; communicate the decision to all stakeholders in the portfolio
  C. Write the Minutes Of Meeting; update the decision
  D. Change request; communicate the decision to related stakeholders listed in the communication management plan
  D. Change request; communicate the decision to related stakeholders listed in the communication management plan

• Question 303:

  You have been assigned as a consultant to give your expertise on a failing portfolio which is critical to the success of your client's organization. You are now in the process of reviewing the portfolio management plan. What do you expect to see as part of this plan?

  A. Portfolio Justification, high-level scope and high-level timelines
  B. Vision for the portfolio, which is based on the alignment with the organization's goals and objectives
  C. Balancing portfolio and managing dependencies
  D. The major components of the portfolio which are aligned chronologically to achieve portfolio value
  C. Balancing portfolio and managing dependencies

• Question 304:

  You are currently defining a hierarchical representation of your portfolio and its components and listing the major and milestone components, including dependencies internal and external to the portfolio with business units. For this you know that you will need multiple inputs. Which of the following are considered inputs in your case?

  A. Portfolio, Portfolio Strategic Plan, Portfolio Process Assets
  B. Portfolio, Portfolio Charter, Portfolio Strategic Plan
  C. Portfolio, Portfolio Charter, Portfolio Management Plan
  D. Portfolio, Portfolio Strategic Plan, Portfolio Management Plan
  B. Portfolio, Portfolio Charter, Portfolio Strategic Plan

• Question 305:

  When we talk about portfolios, programs and projects, it is inevitable to mention the business value which is the sum of tangible and intangible assets of an organization, also known as the net quantifiable benefit. When it comes to business value, at which level of the organization is the pursuit of Business Value optimized?

  A. Program
  B. Portfolio
  C. Operational
  D. Project
  B. Portfolio

• Question 306:

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

  A. Updates standard criteria to allow the portfolio team to assess the risks that are identified
  B. Identifies recipients for information associated with the portfolio management process
  C. Shows how the portfolio component progress and resource-related issues and risks are integrated with the resource management activities
  D. Articulates the options, preferences, and factors that will be considered in a specific portfolio
  A. Updates standard criteria to allow the portfolio team to assess the risks that are identified

• Question 307:

  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. For this, you are always on the

  lookout to optimize your portfolio.

  What can you use to start this process?

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

• Question 308:

  Based on the data in the following table, your organization should pursue which component: A. Component 5

  

  B. Component 3
  C. Component 2
  D. Component 1
  C. Component 2

• Question 309:

  A portfolio manager needs to continuously balance the need and requirements with the available resources 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 the organization level. This analysis comprises which of the following?

  A. Risk Tolerance
  B. Assets
  C. Financials
  D. Human Resources
  A. Risk Tolerance

• Question 310:

  One of your components within the portfolio has been struggling and has undertaken a lot of issues. A recent measurement has shown that its CPI is 0.4 and SPI is 0.3. What is the best course of action you should take as a portfolio manager A. Escalate the issue to the Portfolio steering committee

  B. Immediately terminate the component
  C. Request that the component governance board checks this component and takes a decision on whether to continue or terminate it
  D. Notify the sponsor of the component about the issue
  C. Request that the component governance board checks this component and takes a decision on whether to continue or terminate it