PMI Portfolio Management Professional PFMP Questions & Answers

• Question 41:

  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

  Correct Answer: A

• Question 42:

  You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. What is the expected outcome from managing supply and demand?

  A. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports updates, Portfolio Components Reports updates

  B. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports

  C. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates

  D. Portfolio updates, Portfolio Management Plan updates, Portfolio Process Assets updates

  Correct Answer: B

• Question 43:

  As you prepare a list of possible components for your railroad to consider since most of its programs and projects are large and complex, your management team has suggested in your analysis of which components to pursue that you conduct statistical simulations of budgets, schedules, and resource allocations. You therefore decide to use:

  A. Net present value

  B. Decision trees

  C. Monte Carlo analysis

  D. An interrelationship diagraph

  Correct Answer: C

• Question 44:

  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

  Correct Answer: B

• Question 45:

  Due to market technological changes, your company got impacted and was urged to revise its portfolios. You are currently revising your portfolio to determine the required changes in the component mix. Which of the following options is the means to the "to-be" vision?

  A. Portfolio

  B. Portfolio Management Plan

  C. Portfolio Roadmap

  D. Portfolio Strategic Plan and Portfolio

  Correct Answer: A

• Question 46:

  A new regulatory mandate has been imposed by the government which highly affected your portfolio.

  Multiple regulatory components are requested to be added to the portfolio in order to comply with new

  governmental bank regulations.

  Initiating these components requires permission from

  A. Portfolio Manager

  B. Portfolio Sponsor

  C. Portfolio Governance Board

  D. Portfolio Components' teams

  Correct Answer: C

• Question 47:

  Due to multiple issues, there were changes in the reporting process in your portfolio; the meetings with their frequencies have been changed and this will also affect the reporting cycle times. In order to meet this new change you will update which of the following documents?

  A. Communication Strategy Matrix

  B. Communication Calendar

  C. PMIS

  D. Communication Matrix

  Correct Answer: B

• Question 48:

  As a portfolio manager and in the aim of defining the preliminary list of components to be included in your portfolio, which will serve as a starting point for developing a portfolio. You start by identifying existing and potential portfolio components by reviewing documentation such as business plans/proposals in order to

  A. Create a basis for decision making

  B. Create portfolio scenarios

  C. Provide a guiding framework to operationalize the organizational strategic goals and objectives

  D. Understand the strategic priorities

  Correct Answer: B

• Question 49:

  Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently determining the volume of work required to do in order to re-align the portfolio. What are you currently using?

  A. Change Analysis

  B. Gap Analysis

  C. Readiness Assessment

  D. Stakeholder Analysis

  Correct Answer: B

• Question 50:

  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

  Correct Answer: B