PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 311:

  Which of the options is considered part of Enterprise Environmental Factors (EEFs)

  A. High turnover
  B. Fluctuating market rates of raw material
  C. Organizational Changes, Risk Management
  D. Bankruptcy, Project Demand
  B. Fluctuating market rates of raw material

• Question 312:

  Assume you recently took a seminar on portfolio management, and after you returned, you made the business case for it to the President of your consulting firm, recognizing the need to improve the capture ratio of responses to Requests for Proposals. You have been asked to implement portfolio management and recognize that you need to develop orientation and training sessions on it so everyone in the firm realizes why it is essential to pursue. To do so, the best approach is to:

  A. Have the training vendor from the seminar you attended submit a proposal to develop several training approaches
  B. Develop the courses yourself working with the vendor's materials plus other books and standards on portfolio management
  C. Work with the human resources department and have an instructional design person develop the courses
  D. Ask the PMO to develop and deliver the courses
  D. Ask the PMO to develop and deliver the courses

• Question 313:

  Assume you are working in the Joint Forces Command in your country. In this agency, all of the defense agencies are consolidated for better collaboration to support troops working around the world. Each program or project tends to have more than one sponsor, and since each Command is represented in this agency, the same is true for the portfolio. These sponsors are listed in the:

  A. Governance plan
  B. Portfolio charter
  C. Portfolio performance plan
  D. Portfolio Review Board charter
  B. Portfolio charter

• Question 314:

  You have been a successful program manager for many years in your State Department of Agriculture. During this time, you managed large programs, and some had major risks to mitigate especially in the information systems area as new software would be released that was commercially available, and you knew it would then enhance the benefits to your customers if you acquired it. You were the first in the Department to get your PfMP, and it led to a promotion to become the first portfolio manager. After a year in this position, you find managing risks and issues to be totally different because:

  A. You must focus attention on external, political risks
  B. You are concentrating more on long-term initiatives
  C. Your focus is on determining the risk tolerances of stakeholders, both internal and external
  D. You emphasize strategic fitness of the portfolio
  D. You emphasize strategic fitness of the portfolio

• Question 315:

  Your organization has a defined portfolio management process that it has followed for three years. As the portfolio manager, you keep your various plans up to date, and because of numerous regulatory changes involving the telecom industry, it is time to review and update the risk management plan. You have several key stakeholders working with you as you realize the importance of this plan in maintaining a competitive advantage. One way you and your team are assessing the various risks that may impact the structure of the portfolio is to use:

  A. Portfolio component charts
  B. Portfolio reports
  C. Weighted ranking and scoring techniques
  D. Risk metrics
  C. Weighted ranking and scoring techniques

• Question 316:

  Even though you do not work in an industry that is heavily regulated by your government, such as in new product development, health, or safety, recently your government issued a mandate that senior management of all corporations must certify the accuracy of reported financial statements to prevent any accounting fraud. These controls are to be implemented in the next fiscal year. This obviously is not in your portfolio strategic or management plans but is an example of a(n):

  A. Mandated component
  B. Enterprise environmental factor
  C. Strategic change
  D. Emergent program
  B. Enterprise environmental factor

• Question 317:

  In your portfolio some of the programs and projects that are being pursued will realize benefits throughout the program and project's life cycle, while others will not realize the benefits until the program or project is closed or years later. This means as the portfolio manager, you should:

  A. Prepare a portfolio benefit realization plan
  B. Set up KPIs to document progress in benefit realization
  C. Include portfolio benefits, results, and expected value in the portfolio strategic plan
  D. Distribute regular reports on benefit realization as part of the portfolio communications management strategy
  C. Include portfolio benefits, results, and expected value in the portfolio strategic plan

• Question 318:

  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 are currently in the process of identifying and analyzing risk, in addition to developing risk responses and monitoring and controlling risk. Which documents can help you achieve this?

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

• Question 319:

  When it comes to managing the portfolio value, one of the junior portfolio managers came to you asking about the relation between cost-benefit analysis and the efficient frontier analysis. What should your answer to her be?

  A. The Efficient frontier analysis is used while performing the Cost-benefit analysis in order to get the confidence factor in the estimates
  B. Efficient frontiers are not static, and organizations should monitor cost-benefit ratios on a continual basis
  C. Efficient frontier tracks the realized value against planned costs; thus is another way of cost-benefit analysis
  D. Cost-Benefit analysis are not static, and organizations should monitor the efficient frontier ratios on a continual basis
  B. Efficient frontiers are not static, and organizations should monitor cost-benefit ratios on a continual basis

• Question 320:

  Assume before you prepared your portfolio management plan for your company that you did some benchmarking and learned that if you used elicitation techniques it was useful in the portfolio development stage and before there were significant scope changes because of strategy changes to the portfolio. You decided to involve the Portfolio Review Board members, other key stakeholders, and some subject matter experts in this process and then decided to poll input from the group as a majority vote. This meant you were using:

  A. Collaboration techniques
  B. Facilitation techniques
  C. Interviews and observations
  D. Negotiation techniques
  A. Collaboration techniques