You are the portfolio manager for a family business company who had an old CEO reluctant to change and to taking risks. The board has decided with the support of the president to change the CEO and assign a new one. The executive directors along with the president have as well advised the new CEO to be more aggressive. Which of the following documents need to be updated in this case?
A. Portfolio Performance Plan
B. Portfolio Charter
C. Portfolio Management Plan
D. Strategic Plan
Assume at this point as the portfolio manager in your mattress company, you are activating portfolio components, updating portfolio reports, and documenting the decisions made at the recent Portfolio Governance Committee meeting as the company moves into new markets. You are therefore:
A. Communicating decisions to all stakeholders
B. Maintaining a decision log from the Committee meeting
C. Updating the portfolio strategic plan
D. Authorizing the portfolio
Due to a strategic change, multiple components on your portfolio have been terminated, leaving you with limited remaining funds coming from the terminated components. What should be your best course of action?
A. Since the funds are limited, you can leave them with you and use them as equity protection for low probability and high impact risks
B. Return the funds to the organization
C. Since the remaining budget is limited, the portfolio manager can directly assign it to ongoing components that need a little push
D. Re-activate one of the terminated components because you have additional budget
Your CEO is keen to know the expected value of multiple components that interest him and wants you to give him a comparison of the expected value across components. You are currently looking for a tool to facilitate comparison of expected value across components and support informed portfolio decision making. What are you looking for?
A. Manage Portfolio Value
B. Portfolio Strategic Plan
C. Value Measurement Framework
D. Portfolio Process Assets
Manage supply and demand comes down to balancing the requirements with what is available. Resource requirements are a major input to the manage supply and demand process. Which of the following inputs to this process contains resource requirements?
A. Portfolio Process Assets (PPAs)
B. Portfolio
C. Portfolio Management plan
D. Portfolio Charter
Consider you have the following efficient frontier graph with multiple portfolios on it. Which portfolio do you choose?
A. Portfolio D
B. Portfolio B
C. Portfolio C
D. Portfolio A
Risk is inherent in all activities and managing risk is critical to a successful portfolio. Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. When it comes to Portfolio management, which of the following is a risk concern?
A. Issues with Product development
B. Time, cost and scope commitments
C. Reporting and data accuracy
D. Time to market
Assume before you prepared your portfolio management plan for your company that you did some benchmarking and learned that if you used elicitation techniques it was useful in the portfolio development stage and before there were significant scope changes because of strategy changes to the portfolio. You decided to involve the Portfolio Review Board members, other key stakeholders, and some subject matter experts in this process and then decided to poll input from the group as a majority vote. This meant you were using:
A. Collaboration techniques
B. Facilitation techniques
C. Interviews and observations
D. Negotiation techniques
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. When it comes to Managing portfolio risks, a risk owner, along with the portfolio manager, should select the strategy or mix of strategies most likely to be effective. Which of the following is not a risk strategy?
A. Scenario Analysis
B. Fallback Plan
C. Strategies for both threats and opportunities
D. Response Strategy Selection
A portfolio manager needs to continuously balance the need and requirements with the available
resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery.
For this, you are always on the lookout to optimize your portfolio.
What can you use to start this process?
A. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
B. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
C. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Organizational Process Assets
D. Roadmap, Portfolio Strategic Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
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