PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 361:

  During one of the review meetings, the governance board asked to know the progress with relation to benefits of one of the major programs in your portfolio; in this case you will advise the program manager to present

  A. Program Benefits Report
  B. Program Business Case
  C. The status of his program to you and you will aggregate the information with information from other components and present it to the Governance board
  D. Program Management Plan
  A. Program Benefits Report

• Question 362:

  All measurements in a Portfolio are done in correspondence to Key Performance Indicators (KPIs), and defining those KPIs is essential and should be done by highly capable personnel. Which of the following is true regarding who prepares KPIs and which party approves them?

  A. Portfolio Management team and Portfolio Manager
  B. Portfolio Manager and Steering Committee
  C. Governance team and Executives
  D. Portfolio Management Team does both
  C. Governance team and Executives

• Question 363:

  Your CEO is keen to know the likelihood of the portfolio to realize the expected ROI. You are currently looking for a tool to calculate the probability to achieve portfolio objectives. Which of the following will help you in doing that?

  A. SWOT Analysis
  B. Delphi
  C. Risk Exposure Charts
  D. Investment Choice Analysis
  C. Risk Exposure Charts

• Question 364:

  Communication is one of the largest activities that the portfolio manager does along the portfolio lifecycle. As an experienced portfolio manager, you know that communication and information needs vary between portfolios, programs and projects. How do you define the difference in those three levels of Project Management?

  A. Communications at a Program level are more diversified than at project and portfolio levels Communications at a Portfolio level are more diversified than at project and program levels
  B. Communications at a Project level are more diversified than at portfolio and program levels
  C. Criticality of the communication with relation to the organization is highest at a project level as the business value is acquired at this level
  B. Communications at a Project level are more diversified than at portfolio and program levels

• Question 365:

  A junior Portfolio manager has come to you for advice. She is asking about her main responsibilities as a portfolio manager in order to see if she is on the right track. What should be your advice to her?

  A. She will be responsible of managing the strategic, operational and functional activities of all portfolio components
  B. Her responsibility is to continuously review, reallocate, re-prioritize and optimize the portfolio to ensure alignment with strategic objectives
  C. Her responsibility is to develop and maintain portfolio, program and project management frameworks and methodologies
  D. You should tell her to go read the standard for portfolio management where she can find all the needed answers to her questions
  B. Her responsibility is to continuously review, reallocate, re-prioritize and optimize the portfolio to ensure alignment with strategic objectives

• Question 366:

  When managed correctly, the balanced scorecards can change the way an organization does business. Balanced scorecards keep focus on results. As a portfolio manager, you know that the purpose of using the balanced scorecards is

  A. All of the options
  B. Translate a high level strategic plan into an operational action plan
  C. Measure performance against goals
  D. Bring a feedback loop to strategic planning
  A. All of the options

• Question 367:

  Assume you have determined the prioritization criteria your Portfolio Review Board will use, and you have reviewed the criteria with your key stakeholders to attain their buy off and occurrence. The purpose in establishing these criteria is to:

  A. Ensure each component in the portfolio is in alignment to strategic goals
  B. Incorporate the key stakeholders' risk tolerances as a criterion for consideration
  C. Enable comparison among components
  D. Set forth measurable goals with KPIs
  C. Enable comparison among components

• Question 368:

  One of the stakeholders of one of your components came to you complaining that his manager is not receiving specific information on multiple components progress. What is your best course of action?

  A. Raise the issue to the governance board as you have already analyzed this manager
  B. Send the manager the needed information asked by the stakeholder
  C. Meet the manager and understand what information is required
  D. Add the manager to the weekly reports distribution list where there is a lot of information on the components
  C. Meet the manager and understand what information is required

• Question 369:

  You are managing a portfolio in a functional organization and resources are shared between operations and projects. You are continuously performing capability and capacity analysis in order to optimize the portfolio. Which of the following capability and capacity analysis is used to just limit the number of components the organization can execute?

  A. Knowledge Basis
  B. Financial
  C. Human Resources
  D. Assets
  C. Human Resources

• Question 370:

  Assume your airline just merged with a competitor, making it the largest in the country. Your company has a defined portfolio management process in place, which is considered effective by your executives. The other airline uses a more informal approach. Executives from both airlines now have different philosophies concerning new work to be pursued to be the leading airline in the country. In terms of the Authorize Portfolio process, this means:

  A. The complete portfolio process will require changes
  B. The portfolio requirements should be evaluated
  C. The portfolio management information systems will require consolidation
  D. An outsider should be hired as the portfolio manager for objectivity
  B. The portfolio requirements should be evaluated