PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 371:

  One key artifact to review as the portfolio communications management plan is prepared is the:

  A. Portfolio management plan as it shows all elements in it have communications requirements
  B. Portfolio performance plan as it sets forth needed reports and their frequency
  C. Portfolio strategic plan since it shows the need for strategic alignment
  D. Portfolio benefits realization plan to determine reports on progress in benefit realization, transition, and sustainment
  A. Portfolio management plan as it shows all elements in it have communications requirements

• Question 372:

  While Optimizing your portfolio, you need to present to the governance board how your components will be ranked and balanced in a quantifiable way. How will you do this?

  A. Graphical analytical methods
  B. Value measurement and scoring
  C. Scenario Analysis
  D. Weighted ranking and scoring
  D. Weighted ranking and scoring

• Question 373:

  Assume your telecom company is time constrained and needs to be first to market with new smart phones with features that are different from those of the competition and also have the traditional features desired by your existing customers. The Portfolio Review Board meets weekly to assess performance and to consider new components. Lack of technical resources is a recurring issue. To make the case for acquiring new resources, you decided to assess capability and capacity. This approach is:

  A. Part of the PMIS
  B. Included in finite capacity planning and reporting
  C. Used to prepare a detailed forecast of ongoing and future capability needs
  D. Used to identify resource capacity and capability
  B. Included in finite capacity planning and reporting

• Question 374:

  As a portfolio manager, you realize the importance of communication for the success of a portfolio. You are now developing the portfolio management plan and are looking for the portfolio current risks status including high risks. Which of the following contains what you are looking for?

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

• Question 375:

  You have already created portfolio scenarios (what-if analysis) by reviewing components against prioritization criteria and using analysis techniques (e.g., options analysis, risk analysis, SWOT analysis, financial analysis). You now want to recommend portfolio scenario(s) and related components, based on prioritization analysis/criteria. You are doing this in order to

  A. Provide a guiding framework to operationalize the organizational strategic goals and objectives
  B. Evaluate and select viable options
  C. Create a basis for decision making
  D. Provide governance with a rationale for decision making
  D. Provide governance with a rationale for decision making

• Question 376:

  After a recent Portfolio Review Board, the portfolio was optimized, and some components were added, while others were removed. Various portfolio reports also require updates such as:

  A. Affected organization areas
  B. High-level time frame
  C. Budget approvals or exceptions
  D. Value/benefits
  D. Value/benefits

• Question 377:

  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 performing cost-benefit analysis. What is part of this analysis?

  A. Qualifies estimated costs and benefits and lists quantitative considerations of alternative portfolio components
  B. Quantifies estimated costs and benefits and lists qualitative considerations of alternative portfolio components
  C. Quantitative considerations of alternative portfolio components
  D. Qualifying estimated costs and benefits
  B. Quantifies estimated costs and benefits and lists qualitative considerations of alternative portfolio components

• Question 378:

  You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. You are currently in the middle of developing the strategic plan and require the following inputs

  A. Organizational Strategy and Objectives, Enterprise Environmental Factors, Roadmap
  B. Organizational Strategy and Objectives, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets, Inventory Of Work
  C. Organizational Strategy and Objectives, Enterprise Environmental Factors, Roadmap, Portfolio Management Plan
  D. Organizational Strategy and Objectives, Enterprise Environmental Factors, Portfolio, Portfolio Management Plan
  B. Organizational Strategy and Objectives, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets, Inventory Of Work

• Question 379:

  You are currently in the process of allocating resources to develop component proposals, authorizing components to expend resources and to communicate portfolio decisions. What do you expect as outputs of this process?

  A. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update
  B. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
  C. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update
  D. Portfolio Updates, Portfolio Strategic Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
  C. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update

• Question 380:

  Assume your food additive company performed a capacity analysis and found some resources had not maintained their skill sets and basically were not as productive as others in the company. Rather than have a massive reorganization, instead the executives decided to eliminate the jobs of these staff members, many of whom had been in the company for more than 20 years. Morale among the existing staff is low as people fear there will be more layoffs. Plus the government issued a new regulation that requires an additional Food and Drug Administration quality check before a new additive can be submitted for regulatory approval. One member of the executive team wants to acquire another company to enhance market share, and the existing plants in the Asia Pacific region require infrastructure upgrades. Given resource shortages, only one component can be selected to be added to the portfolio. The Board should select:

  A. Component A--to enhance employee morale
  B. Component B--to add staff to work with the FDA trained in quality management
  C. Component C--to acquire the competitor to increase market share
  D. Component D--to upgrade the AP's plant infrastructure
  B. Component B--to add staff to work with the FDA trained in quality management