PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 381:

  Assume you are the portfolio manager for a public sector organization, and it has been part of a public-private partnership for three years for highway projects. You are making recommendations as to the next program to undertake. The head of your Highway Department in your State is questioning whether the partnership is the best approach or whether it is best to work on its own. You asked the Marketing manager for assistance, and she prepared a value-for-money analysis. This approach is useful in that it:

  A. Enables an apples-to-apples comparison of the two approaches
  B. Provides a real options approach
  C. Supports a value-to-organizational vision approach
  D. Computes the expected monetary value of the two approaches
  A. Enables an apples-to-apples comparison of the two approaches

• Question 382:

  You have set a meeting with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. One of your team members asked you of the goal of what is being done. Your answer to him should be

  A. All of the options
  B. Authorizing the portfolio
  C. Initiating the portfolio
  D. Developing specific portfolio assets
  D. Developing specific portfolio assets

• Question 383:

  Companies adopt project, program and portfolio management practices to enable the realization of business value and the achievement of strategies and objectives. In order to advance the organizational capability and facilitate the alignment of these practices, the company should (choose the best answer)

  A. Strengthen the organizational enablers such as cultural, technological and human resource practices
  B. Perform a detailed strategic planning
  C. Establish a PMO to support those practices
  D. Strengthen the processes and procedures of project, program and portfolio management
  A. Strengthen the organizational enablers such as cultural, technological and human resource practices

• Question 384:

  You have just recommended the Portfolio Strategic Plan and Portfolio to the governance board for approval. The portfolio board members informed you that they did not find what they were looking for in the strategic plan and that it needs to be reworked. What should have been part of your Strategic Plan?

  A. Allocation of funds for different types of initiatives
  B. List of components with their detailed information
  C. Timelines and Schedules
  D. Governance Model
  A. Allocation of funds for different types of initiatives

• Question 385:

  The sponsor came to you asking for a high level timeline to depict the approach that you will take to execute this portfolio. What tools and techniques is useful in your case?

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

• Question 386:

  Your organization tried implementing portfolio management in the past, but even though it purchased a sophisticated automated software system for scoring and prioritization, it was not successful. After a year of complaints about the system, the executive team disbanded it. Now, resources are scarce, and some executives who were involved in the earlier attempt have left the company. The new CEO asked for a list of ongoing programs, projects, and operational work, and you could not provide one even though you direct the Project Management Office. He wants this inventory so it then can be used as the starting point to implement portfolio management. You and several others stated it did not work previously and do not believe it will work in the company. The CEO then hired a person to be the portfolio manager from outside who reports directly to him. The portfolio manager is emphasizing the importance of resources working on initiatives aligned with organizational strategy as part of the:

  A. Portfolio performance plan
  B. Portfolio roadmap
  C. Portfolio communications strategy
  D. Portfolio charter
  C. Portfolio communications strategy

• Question 387:

  Different stakeholders will have different portfolio reporting requirements. Sponsors for example will have a great interest in:

  A. If the portfolio will meet organizational strategy
  B. Status in achieving benefits
  C. Overall portfolio value
  D. Status in terms of other authorized components
  B. Status in achieving benefits

• Question 388:

  As you prepare your communications management plan you realize that stakeholder requirements may change over time, and these changes then will need to be reflected in updates to the plan. As the plan defines the overall communication process not only for gathering information but also in determining recipients of it, it also:

  A. Sets expectations for the project team members
  B. Describes how and when to effectively conduct lessons learned meetings
  C. Ensures continued confidence by all stakeholder groups as to their importance
  D. Sets expectations for effective stakeholder engagement
  A. Sets expectations for the project team members

• Question 389:

  Assume your company is a leading producer of AA and AAA batteries. However, it is a competitive market, and customers desire batteries with a longer life and a smaller size so they will not require replacement. As you set up categories for portfolio components, you will continue to produce your current product line as well as pursue advanced products to meet customer needs. A useful component category, therefore, is:

  A. Benefits
  B. Business imperatives
  C. Stakeholders
  D. Technology capabilities
  B. Business imperatives

• Question 390:

  One of the junior portfolio managers learned that she needs to use the roadmap as an input to the portfolio management plan development. She does not understand why, and she came to you for advice. What is your advice to her?

  A. Roadmap contains the portfolio structure which is used to structure the components for management through the portfolio management plan
  B. Roadmap is not an input to this process
  C. Roadmap provides the prioritization model to the portfolio management plan
  D. High-level timelines in roadmap are used to define low-level schedule and timelines for portfolio components
  D. High-level timelines in roadmap are used to define low-level schedule and timelines for portfolio components