PMI PFMP Online Practice Questions and Exam Preparation

PMI PFMP Online Questions & Answers

• Question 401:

  Managing value is key to success as portfolio are undertaken to ultimately deliver an outcome that is strategically aligned and which delivers value to the organization. While managing value, the portfolio manager invokes the Benefits

  Realization Analysis activity.

  Which of the following is part of this activity?

  A. Assessing Changes, dependencies and impacts
  B. Indicating Resource bottlenecks and over or under allocations
  C. Allowing the portfolio's governing bodies to evaluate the expected net benefits of a given portfolio or portfolios to prioritize portfolio efforts
  D. All of the options
  C. Allowing the portfolio's governing bodies to evaluate the expected net benefits of a given portfolio or portfolios to prioritize portfolio efforts

• Question 402:

  Assume as the portfolio manager you have conducted a stakeholder analysis, gap analysis, and a readiness analysis as your cereal company is now entering the ice cream market. A team was formed and located off site to determine whether this market was one in which your company could compete, and its recommendation to do so was accepted by the Portfolio Review Board. Now you need to:

  A. Acquire resources to support the new line of ice cream products
  B. Change the prioritization model
  C. Develop a communications strategy for use internally and also externally
  D. Set completely new performance metrics for all products
  B. Change the prioritization model

• Question 403:

  As a portfolio manager you will use a variety of artifacts and documents that will help you better manage the portfolio and better communicate progress and status with stakeholders. The roadmap is considered the most used document in the portfolio and eases your work being able to present the status on a single graphical representation. Early on during the portfolio lifecycle, you prepare the roadmap. An output of this process is

  A. Portfolio update, Portfolio Charter update, Portfolio Roadmap
  B. Portfolio Roadmap
  C. Portfolio update, Portfolio Roadmap
  D. Portfolio Charter update, Portfolio Roadmap
  B. Portfolio Roadmap

• Question 404:

  You are currently using a Comparative Advantage Analysis and conducting a what-if analysis to consider how the portfolio component and its intended benefits could be achieved by various options, including resource capability and capacity mix. In which process are you currently working?

  A. Manage Portfolio Information
  B. Optimize Portfolio
  C. Manage Portfolio Value
  D. Manage Supply and Demand
  C. Manage Portfolio Value

• Question 405:

  Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently aggregating value delivered by the portfolio components. What can you use to help you in this context?

  A. Roadmap, Portfolio Management Plan, Portfolio Reports
  B. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets, Portfolio Strategic Plan
  C. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets
  D. Roadmap, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets, Portfolio Component Reports
  A. Roadmap, Portfolio Management Plan, Portfolio Reports

• Question 406:

  Your Portfolio Review Board is scheduled to meet in a week. Resources only are available to support one project, and detailed business cases have been prepared for two of them. Your company has a policy of being risk adverse. Based on the following table, which project would you recommend to the Board, and what else would you mention to them?

  

  A. Project A and it has less risk associated with it
  B. Project B and it has less risk associated with it
  C. Project A as the benefits will be realized in a shorter time period
  D. Project B but other qualitative items are not available
  D. Project B but other qualitative items are not available

• Question 407:

  A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The sponsor has asked you to analyze the change and update the needed documents. You managed this change and are currently updating the Portfolio Management Plan. Which of the following are part of this update

  A. Portfolio Organizational Structure
  B. Communication and Performance Management
  C. Stakeholder Engagement
  D. All of the options
  D. All of the options

• Question 408:

  Each time a strategic change occurs, it requires a number of updates, and it includes the need to update the portfolio process assets including:

  A. Timelines
  B. Prioritization model
  C. Lessons learned
  D. Communication requirements
  C. Lessons learned

• Question 409:

  Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. As part of managing risks, the portfolio manager applies multiple analyzes and uses tools to help dealing with risks. What does the portfolio manager use to visualize risks impact on portfolio strategic objectives such as profitability?

  A. Sensitivity Analysis
  B. Risk Breakdown Structure
  C. Efficient Frontier
  D. Probability and Impact matrix
  A. Sensitivity Analysis

• Question 410:

  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. You started with developing the plan that will be used as guideline for the component plans to manage risks at their level. What are the outputs of this plan?

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