PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 331:

  Along your portfolio lifecycle, you have been conducting multiple review meetings to ensure continuation from one phase to another and to ensure the alignment and value delivery, in addition to communicating decisions and valuable information to the related stakeholders. When it comes to decisions and actions taken by the governance board as a result of these meetings, they are communicated through

  A. Portfolio Reports
  B. Portfolio Updates
  C. Portfolio Management Plan Updates
  D. Portfolio Process Assets Updates
  A. Portfolio Reports

• Question 332:

  You are managing a big portfolio and have a lot of stakeholders, whether external or internal. You know that stakeholder engagement is crucial to the success of the portfolio and realize that in order to have proper stakeholders engagement you will need to

  A. Update your communication management plan
  B. Develop a well-structured RACI matrix
  C. Engage regularly with key stakeholders through formal and informal communication means
  D. Meet regularly with all stakeholders
  B. Develop a well-structured RACI matrix

• Question 333:

  Chartering the portfolio is an important step towards the initiation of the endeavor. It authorizes the portfolio managers to use the resources and marks the first step towards the allocation of resources to the components upon their initiation. Which of the below can help you while developing the charter?

  A. Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory
  B. Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis
  C. Scenario Analysis, Capability and Capacity Analysis
  D. Gap Analysis, Readiness Assessment, Stakeholder Analysis
  C. Scenario Analysis, Capability and Capacity Analysis

• Question 334:

  You have just finished the development of the Portfolio Communication Management Plan. The portfolio team is looking for portfolio value assessment, status reports, and portfolio forecast with variance to plan. Where should they find this information?

  A. Portfolio
  B. None of the options
  C. Portfolio Management Plan
  D. Portfolio Process Assets
  D. Portfolio Process Assets

• Question 335:

  As part of the governance function, the governance board members are required to be present in the portfolio review meeting in order to know the status of the portfolio and be able to take decisions on pending points. When it comes to review meetings, which of the following is valid?

  A. Formal and recurring governance board meetings
  B. Formal and held when needed to take decisions regarding the portfolio
  C. Non-recurring and informal meetings that allow the governance board to check on the portfolio's health and take actions when needed
  D. Meeting between the functional managers and the governance board in order to discuss financial points i.e. funding, etc.
  A. Formal and recurring governance board meetings

• Question 336:

  As part of the strategic alignment, you Evaluate organizational strategic goals and objectives using document reviews, interviewing, and other information gathering techniques in order to

  A. Understand the strategic priorities
  B. Create a basis for decision making
  C. Provide a guiding framework to operationalize the organizational strategic goals and objectives
  D. Create portfolio scenarios
  A. Understand the strategic priorities

• Question 337:

  Stakeholders in your company are skeptical of the changes that will occur as portfolio management is being implemented. While some are supportive, most are not as they believe their work may be terminated. As the portfolio manager, you prepared a list of stakeholders, which is included in the:

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

• Question 338:

  You have set a series of meetings with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. As a result you have defined and developed the portfolio strategic goals, near-term budgets, and plans, and you now want to start managing ongoing portfolio activities. What is the focus of what you are doing?

  A. Authorizing the portfolio
  B. All of the options
  C. Achieving Results
  D. Initiating the portfolio
  C. Achieving Results

• Question 339:

  You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the communication closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust Communication management plan. What is the result of developing this plan?

  A. Portfolio Process Assets updates, Portfolio Charter updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates
  B. Portfolio Process Assets updates, Portfolio Charter updates, Portfolio Reports updates, Portfolio Management Plan updates, Portfolio Component Reports updates
  C. Portfolio Process Assets updates, Portfolio Management Plan updates
  D. Portfolio Process Assets updates, Portfolio Roadmap updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates
  C. Portfolio Process Assets updates, Portfolio Management Plan updates

• Question 340:

  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. While planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes. Which of the following tools determine the effect of changing the portfolio?

  A. Budget Variability
  B. Market Payoff variability
  C. Performance variability
  D. Trade-Off Analysis
  A. Budget Variability