Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, update to reflect the change to the timeline?
A. Communication Management Plan
B. Portfolio Management Plan
C. Portfolio Strategic Plan
D. Portfolio Roadmap
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. Risk is part of project, program and portfolio management and has a different exposure in each and every one. Which of the following highlights this difference?
A. Project and Programs risks are combined in order to develop the portfolio risk register as an aggregation of both
B. Risks at project and programs level can be eliminated, but not at portfolio level
C. Portfolio risks are inter-components risks, while program and project risks are not
D. Project and Program risks are risks within the boundaries of the project or program, while portfolio risks can span the organizational level
The Portfolio Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Management Plan purpose and focus?
A. Identifies recipients for information associated with the portfolio management process
B. Articulates the options, preferences, and factors that will be considered in a specific portfolio
C. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio
D. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components
Assume you are the portfolio manager for a public sector organization, and it has been part of a public-private partnership for three years for highway projects. You are making recommendations as to the next program to undertake. The head of your Highway Department in your State is questioning whether the partnership is the best approach or whether it is best to work on its own. You asked the Marketing manager for assistance, and she prepared a value-for-money analysis. This approach is useful in that it:
A. Enables an apples-to-apples comparison of the two approaches
B. Provides a real options approach
C. Supports a value-to-organizational vision approach
D. Computes the expected monetary value of the two approaches
You have finalized optimizing your portfolio and want to avoid any delay by directly recommending the initiation of multiple portfolio components. What do you need for starting this?
A. Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
B. Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets, Portfolio Roadmap
C. Portfolio Management Plan, Portfolio, Portfolio Reports
D. Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets, Portfolio Strategic Plan
Roadmaps may be prepared to show different elements, and at the beginning they may not provide details of the various components. As a high-level plan at the portfolio level, the roadmap:
A. Identifies internal and external dependencies
B. Serves as a master schedule to show the timing of approved components
C. Contains all the details of program and project roadmaps
D. Serves to identify issues
Portfolio management processes are performed in an environment broader than a portfolio; therefore, an organization-level implementation team supported by executive management, a governing body, and portfolio managers join forces to implement organization-level portfolio management processes. After Defining roles and responsibilities for portfolio management process implementation, what should be the FIRST next step?
A. Define and deploy detailed portfolio management processes and provide training to staff and stakeholders.
B. Changing business processes
C. Developing the Portfolio Strategic Plan
D. Communicate the portfolio management implementation plan
A new portfolio manager in your organization is currently preparing his portfolio charter and has come to you asking advice about what should be present in charter
A. Justification, Scenario Analysis, Capability and Capacity Analysis
B. Key dependencies, critical success criteria, high-level timelines
C. All internal and external dependencies, components fixed timelines
D. Justification, Scenario Analysis
While defining the portfolio, the portfolio manager uses a set of evaluation criteria in order to generate a list of portfolio components for optimization and balancing. Which of the following is not an evaluation criteria?
A. Technology capabilities and capacities
B. Costs
C. Benefits, financial and non-financial
D. Customer
You are in the toughest phase of the portfolio life cycle due to the governmental issues in your country. Yesterday night, one of the key team members quit and left the country. You have included this in the portfolio risk register while planning the portfolio because you knew that this could happen and that this key resource has family in Canada and can leave if the situation gets bad. Following this, you activated the response plan, which is to initiate a new component that will cater for reaching the deliverable in another way. However, an immediate approval is needed for initiation of this component or the end-of-month major deliverable will be delayed. To whom you should present the proposal for urgent approval?
A. Portfolio Governance Board
B. Portfolio Sponsor
C. You can take such decisions
D. Executive Management
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only PMI exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your PFMP exam preparations and PMI certification application, do not hesitate to visit our Vcedump.com to find your solutions here.