PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 351:

  Due to strategic changes, one of the sub-portfolios in your portfolio has been decided to be canceled because it no longer meets the new market demands. What is your next step as a portfolio manager?

  A. Start terminating the component and return back the remaining resources to the resource pool
  B. Analyze the impact of this cancellation on the overall portfolio and recommend a decision to the governance board
  C. Meet the sub-portfolio's team in order to assess the impact
  D. Consider it as a normal change, submit a change request for cancellation and wait for the governance board approval
  A. Start terminating the component and return back the remaining resources to the resource pool

• Question 352:

  Your online ordering company wants to add a component to its portfolio that its sponsor believes will outdistance the competition, but it has risks and also will be subject to regulatory approval. The purpose is to use parachutes to deliver the merchandise ordered through small helicopters so the recipients receive their orders within three hours of the on line purchase. As the portfolio manager you recognize this component is a major change and will require resources if it is approved. You are now performing change management using a change structure that:

  A. Requires a change request
  B. Facilitates impact analysis
  C. Needs to assess dependencies
  D. Requires an update to the roadmap
  B. Facilitates impact analysis

• Question 353:

  You are working to optimize your portfolio and determine a priority list of components to pursue. In your product development company, of the triple constraints, quality and scope dominate. This does not imply that schedule and budget are not important, but since the company requires regulatory approval for its products, quality dominates the company. Quality goals that are too low may lead to end-user dissatisfaction; however, goals that are too high may be too costly to the company. Therefore it is important to consider:

  A. Market analysis
  B. The value proposition
  C. Cash-flow requirements
  D. Risk analysis and assessment
  A. Market analysis

• Question 354:

  Your team members were having a discussion about the contents of the Portfolio Charter and they came to you for advice because they could not agree on a common answer. What would be your advice to them?

  A. Portfolio structure, scenario analysis, capability and capacity analysis
  B. High-level scope and high-level timelines, critical success criteria and justification
  C. Scope and timelines, all success criteria and justification
  D. Scenario analysis, capability and capacity analysis
  B. High-level scope and high-level timelines, critical success criteria and justification

• Question 355:

  As part of developing the Communication Management Plan, a portfolio manager executes the Communication Requirements Analysis, in addition to Stakeholders Analysis. Which of the following options in your opinion is a result of the Stakeholders Analysis?

  A. All of the options
  B. Communication Matrix
  C. Communication Strategy matrix
  D. Elicitation technique
  D. Elicitation technique

• Question 356:

  Following a major organizational restructuring, new portfolios are currently being initiated. You have been assigned the position of portfolio manager on one of the major portfolios and are currently in strategic management. You are currently meeting with stakeholders to document the internal and external financial dependencies and shared resources between different portfolio components. Which of the following techniques are you performing

  A. Elicitation technique
  B. Interdependency analysis
  C. Capability and Capacity analysis
  D. Readiness Assessment
  B. Interdependency analysis

• Question 357:

  The Scenario Analysis is used twice as a tool and technique, once while developing the charter and another time while managing Supply and Demand (It also exists as part of the quantitative and qualitative analysis as part of the optimize Portfolio process). When it comes to Manage Supply and Demand, which of the following represents a correct description of the Scenario Analysis?

  A. All of the Options
  B. Helps differentiate between the resources capability and capacity
  C. Helps determine various possibilities of resource allocations and the impact to component schedules
  D. Enables decision makers to create a variety of portfolio scenarios using different combinations of both potential components and current components
  C. Helps determine various possibilities of resource allocations and the impact to component schedules

• Question 358:

  Obviously resources are more than people and include physical resources and those at the organizational level, such as the knowledge management system, helpful in portfolio management in terms of competitive intelligence. However, since most organizations operate with scarce resources, it is necessary to apply these scarce resources to support the highest ranked items in the portfolio and not to fund a proposed component unless resources are available to support it. Therefore, it is useful to determine at a collective level whether or not resources will create value greater than the cost of creating it. A portfolio report can focus on:

  A. Allocation of resources according to a Responsible, Accountable, Consulted, Inform (RACI) chart
  B. The need for drum resources and buffers to plan for their use at key times
  C. Capability and capacity
  D. Costs to acquire resources with needed knowledge, skills, and competencies
  C. Capability and capacity

• Question 359:

  In a portfolio, data is an abundant asset, and managing the information aiming for a a better decision making is critical. For this you use a variety of Quantitative and Qualitative analysis methods. These methods are performed in 4 of the portfolio management processes and serve a slightly different purpose in each and every one of them. When it comes to the optimizing portfolio, what is the purpose of using this analysis?

  A. Performing Status and trend analysis, Rebalancing methods, Investment choice tools, exposure charts
  B. Performing resource leveling, project sequencing techniques and dependency analysis
  C. Performing Quantitative analysis and Sensitivity analysis
  D. Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT analysis, Market/competitor analysis and business value analysis
  D. Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT analysis, Market/competitor analysis and business value analysis

• Question 360:

  You are managing a portfolio linked to multiple business units and you set clear accountabilities from the beginning to avoid delays and to enhance the decision making process. Roles and Responsibilities are recorded in multiple portfolio documents. Where are the portfolio component managers roles and responsibilities stored?

  A. Specifically the Communication Management Plan
  B. Strategic Plan
  C. Portfolio Management Plan
  D. Portfolio Process Assets
  C. Portfolio Management Plan