PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 321:

  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 developing the risk management plan. Which of the following activities will you be performing?

  A. All of the options
  B. Risk Response
  C. Risk Assessment
  D. Risk Planning
  D. Risk Planning

• Question 322:

  Due to market technological changes, your company got impacted and was urged to revise its portfolios. You are currently revising your portfolio to determine the required changes in the component mix. Which of the following options helps in assessing the capability of the organization to undertake the portfolio with its new strategic direction, and what is needed to be done?

  A. Interdependency Analysis
  B. Readiness Assessment
  C. Capability and Capacity Analysis
  D. Gap Analysis
  B. Readiness Assessment

• Question 323:

  As part of the periodical strategic management cycle, the portfolio management team is revising the portfolio and re-doing the strategic management part. Currently, they are assuming and evaluating different combinations of components in order to come up with multiple approaches and take a decision on the portfolio structure. What is currently being performed?

  A. Capability and Capacity Analysis
  B. Scenario Analysis
  C. Stakeholders Analysis
  D. Readiness Assessment
  B. Scenario Analysis

• Question 324:

  In preparing your communications matrix, you identified five communication areas. One is portfolio governance decisions. A communication vehicle for these decisions is:

  A. E-mails
  B. Scorecards
  C. Internal portal
  D. PMO repository
  C. Internal portal

• Question 325:

  Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently interviewing senior executive stakeholders and analyzing requirements and expectations for strategic change in order to re-align the portfolio. Which of the following tools and techniques are you currently using?

  A. Stakeholder Analysis
  B. Readiness Assessment
  C. Gap Analysis
  D. Change Analysis
  A. Stakeholder Analysis

• Question 326:

  As you are the portfolio manager for your state government agency, which is undergoing a series of budget cuts, you are focusing attention on managing risks to the portfolio as the budget is reduced. You realize in this process the time and budget for risk management also will be reduced; these data are in the:

  A. Portfolio performance plan
  B. Portfolio strategic plan
  C. Portfolio management plan
  D. Portfolio financial plan
  C. Portfolio management plan

• Question 327:

  Assume your consulting company tried portfolio management in the past, but it was not embraced. Instead, people received bonuses if they were able to acquire new work regardless if it fit the company's strategic plan. However, the company was sold, and the new executive team asked you to be the portfolio manager. You explained it did not work in the past, but the new team has pointed A out while a lot of work was won competitively, much of it was for small dollar amounts, and resources are misallocated. The new approach is to focus on business value, which has as its goal to:

  A. As chieve the greatest return on investment to the organization
  B. aximize productivity and increase overall customer satisfaction
  C. Deliver the maximum value aligned with strategic objectives
  D. Focus on those opportunities that have the greatest likelihood of successful completion
  C. Deliver the maximum value aligned with strategic objectives

• Question 328:

  Assume you have been asked to prepare the portfolio management plan as you are on the staff of your company's Chief Portfolio Officer. In this plan, you will describe the different methods or approaches that your company will use to manage different types of components in the portfolio as specified in the:

  A. Strategic plan
  B. Governance model
  C. Roadmap
  D. Charter
  C. Roadmap

• Question 329:

  You have been asked to manage a major portfolio in order to salvage the company and and re-align it with the strategic objectives and goals. You decided to develop the strategic documents and are currently developing the charter. As a portfolio manager, which of the following would be your answer when asked of the purpose for the development of portfolio charter?

  A. Execute portfolio management processes
  B. Authorize portfolio components
  C. Start the development of Portfolio Management plan and all of its subsidiary plan
  D. Develop portfolio structure
  A. Execute portfolio management processes

• Question 330:

  Assume you are putting together for the Portfolio Review Board several options for consideration of potential components and current components. You are using an approach with different probabilities to determine outcomes and EMV. Which of the following would you recommend realizing Components A and B are new, while C and D are in progress:

  

  A. Component A
  B. Component B
  C. Component C
  D. Component D
  A. Component A