PMI PMI Certifications PFMP Questions & Answers

• Question 221:

  Assume you are working to prepare the low-level schedule and timelines for portfolio components. You want to make sure, as the portfolio manager, for your country's initiatives to promote an awareness of the importance of climate change, that each component then can be monitored and tracked to assess performance. To do so, you should:

  A. Set up KPIs for each component that are consistent for ease of measurement

  B. Determine the critical success factors at the portfolio level and then ensure each component contributes toward their realization

  C. Review the portfolio roadmap

  D. Review the portfolio performance plan

  Correct Answer: C

• Question 222:

  Your company works closely with the government on the implementation of water pumps for rural areas. You are constantly dealing with new and updated regulations, and periodically adapting the portfolio to the changes. When it comes to regulatory components, how do you include the components in the portfolio?

  A. Normally categorize, score and rank the components, however, include them in the final portfolio regardless of the results

  B. Normally categorize, score and rank the components and include them similar to any other component in the portfolio

  C. Reject them if they are not strategically aligned with the portfolio objectives

  D. Include them directly in the portfolio without categorization, ranking and scoring

  Correct Answer: A

• Question 223:

  The portfolio management information system (PMIS) is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage systems to support a successful portfolio. Which of the following is a trait of a PMIS?

  A. Recording Stakeholder opinion

  B. Archiving legal data

  C. All of the options

  D. Learning hub

  Correct Answer: B

• Question 224:

  You have just finished a major checkpoint in your portfolio and the portfolio has to undergo several

  changes in order to re-align with the strategies. One component of your portfolio has been cancelled and

  the resources are going to be reallocated to other components.

  Which process does these activities?

  A. Manage Supply and Demand

  B. Authorize Portfolio

  C. Manage Portfolio Oversight

  D. Optimize Portfolio

  Correct Answer: B

• Question 225:

  Updates to schedules i.e. resource, funding, benefits, are results of Developing the Portfolio Performance Management Plan process. Where should these updates be recorded?

  A. Portfolio Management Plan updates

  B. Enterprise Environmental Factors Update

  C. Portfolio Process Assets updates D. Portfolio update

  Correct Answer: C

• Question 226:

  Stakeholders are concerned about the purpose of optimizing a portfolio while already having defined the portfolio with its related components, and are worried that this will cause a lot of time to be wasted. What is your advice to the stakeholders?

  A. This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization

  B. This process is required to optimize and balance the portfolio for performance and value delivery

  C. They are right, the process can be skipped when an inventory of work is in place

  D. This process can be skipped because it will be re-done as part of the Optimize Portfolio process

  Correct Answer: B

• Question 227:

  Processes in the portfolio management layer interact with each others. For example, Manage Portfolio Information interacts with Provide Portfolio Oversight in order to store decisions made during the portfolio review meetings. Where are these decisions stored?

  A. Portfolio Management Plan

  B. Portfolio

  C. Portfolio Reports

  D. Portfolio Process Assets

  Correct Answer: C

• Question 228:

  A problem related to internal corruption has occurred in your company. The CEO has setup a new management team and had to do budget cuts until the situation is stabilized. Your portfolio is highly affected by this budget cut and you were obliged to cancel a few components. What is your best course of action in this case?

  A. Cancel the components that are not performing well

  B. Do not cancel components; and request additional budget from the management

  C. Prioritize components and assign the available resources to them

  D. Raise the issue to the sponsor so he can get you additional resources

  Correct Answer: C

• Question 229:

  A portfolio includes a lot of independent components with the same strategic aim. As a portfolio manager you will need to preare a qualified list of components to be used to reach the strategic goals and objectives. What input can you use in order to define the mix of portfolio components?

  A. Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter, Portfolio Process Assets, Portfolio

  B. Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter,Portfolio Process Assets, Portfolio Management Plan

  C. Portfolio Strategic Plan, Portfolio Management Plan, Portfolio Roadmap, Portfolio Charter,Portfolio Process Assets, Portfolio

  D. Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter, Portfolio Process Assets, Organizational Process Assets

  Correct Answer: C

• Question 230:

  The members of your Portfolio Review Board and other key stakeholders tend to be risk adverse as the company has survived recent recessions and is profitable. However, in an upcoming meeting with the corporate Board of Directors, they have asked you to show the frequency of meeting certain cost objectives at various percent points. For example assume the portfolio is to meet a $41,000 target in the next month, to be 75% confident this will occur, a forecast of $50,000 is needed. This means you need to show:

  A. The needed contingency reserve

  B. The probability of achieving portfolio objectives

  C. The confidence of meeting success criteria

  D. The values of KPIs with their confidence levels

  Correct Answer: B