PMI PMI Certifications PFMP Questions & Answers

• Question 181:

  It is rare for organizational leaders to have an in-depth knowledge of all the work under way in the portfolio, but it is needed for portfolio decision making. If you were asked to prepare such an inventory, it would:

  A. Require one-on-one interviews to ensure all work being done was revealed

  B. Be helpful to have a statement in writing from the CEO to describe why the inventory is important

  C. Serve as the starting point for the portfolio

  D. Require assistance and support from the EPMO

  Correct Answer: C

• Question 182:

  The existing portfolio manager was replaced by a new portfolio manager and the analysis has shown that the distance between the pessimistic and best case scenario of the new portfolio manager is larger than the old one, which kind of manager is the new one?

  A. Optimistic

  B. Pessimistic

  C. Risk Averse

  D. Risk Taker

  Correct Answer: D

• Question 183:

  Along the course of the portfolio, you will be monitoring and controlling the portfolio a.long with the related stakeholders and governance bodies. This is done as part of your role in portfolio oversight. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Provide Portfolio Oversight Process?

  A. Balance the portfolio for performance and value delivery

  B. Make Governance Decisions

  C. Allocating resources to develop component proposals or execute portfolio components

  D. Create an up-to-date list of qualified portfolio component

  Correct Answer: B

• Question 184:

  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

  Correct Answer: D

• Question 185:

  Along your portfolio lifecycle, you have been conducting multiple review meetings to ensure continuation from one phase to another and to ensure the alignment and value delivery, in addition to communicating decisions and valuable information to the related stakeholders. When it comes to decisions and actions taken by the governance board as a result of these meetings, they are communicated through

  A. Portfolio Reports

  B. Portfolio Updates

  C. Portfolio Management Plan Updates

  D. Portfolio Process Assets Updates

  Correct Answer: A

• Question 186:

  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. When it comes to risk tolerance definition, which of the following is the correct one?

  A. The confidence level of key stakeholders and executive management in the risk management activities

  B. Threshold or attitude of an organization towards the negative effects of risks on the organization's portfolio

  C. Threshold or attitude of an organization towards the positive or negative effects of risks on the organization's portfolio

  D. Threshold or attitude of an organization towards the positive effects of risks on the organization's portfolio

  Correct Answer: C

• Question 187:

  Your portfolio management team is a bit confused about the order of steps to follow when defining a portfolio. They have been having debates and they came to you asking for the correct order of steps

  A. Identification, categorization, ranking, scoring, selection, prioritization, resource allocation

  B. Identification, categorization, scoring, ranking, prioritization, selection, resource allocation

  C. Identification, selection, categorization, scoring, ranking, prioritization, resource allocation

  D. Identification, categorization, scoring, ranking, selection, prioritization, resource allocation

  Correct Answer: D

• Question 188:

  Communication requirements are analyzed and documented in the portfolio communication management plan to be used by other processes as needed. Which of the processes use this information in order to provide accurate information in a timely manner?

  A. Portfolio Authorization

  B. Manage Portfolio Information

  C. Manage Portfolio Value

  D. Develop Portfolio Communication Management Plan

  Correct Answer: B

• Question 189:

  The PMO in your company is newly established and one of its first results was allowing the portfolios to use a new communication method to disseminate the information faster. With relation to your portfolio, where should this new communication be stored?

  A. Portfolio Reports

  B. Portfolio Process Assets updates

  C. Portfolio Management Plan updates

  D. PMO Management Plan

  Correct Answer: C

• Question 190:

  Assume you are the portfolio manager for your pork producing company, the market leader in your country. Over time, the industry has recovered from trichinosis as a risk. Your company has added new components to its portfolio, and many have been to demonstrate to the public that its products are safe. It implemented the Agriculture Department's and Food and Drug Administration's Hazard Analysis and Critical Control Point (HACCP) regulations and is enhancing its image as 'the other white meat'. However, now the entire industry is faced with a new epidemic known as porcine epidemic virus, which is affecting pigs in 22 different states, and profits have decreased significantly. New components now must be added to the portfolio. This situation shows:

  A. Resource re-allocation is required

  B. Risk management is essential

  C. The ROI of the new components must be determined

  D. Portfolio rebalancing has led to the new components being in the top five priority list

  Correct Answer: B