PMI PMI Certifications PFMP Questions & Answers

• Question 301:

  You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The Portfolio Roadmap is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Roadmap purpose and focus?

  A. High-level prioritization mapping of the portfolio

  B. Corresponds to the means to the "to-be" vision

  C. Can be used to influence the portfolio's success

  D. Forecasts how and when the portfolio will deliver value to the organization

  Correct Answer: A

• Question 302:

  You have been asked to manage a major portfolio in order to salvage the company and and re-align it with the strategic objectives and goals. You decided to develop the strategic documents and are currently developing the charter. As a portfolio manager, which of the following would be your answer when asked of the purpose for the development of portfolio charter?

  A. Execute portfolio management processes

  B. Authorize portfolio components

  C. Start the development of Portfolio Management plan and all of its subsidiary plan

  D. Develop portfolio structure

  Correct Answer: A

• Question 303:

  Based on the following table, assume you have been asked to perform a prioritization analysis based on these data. You realize risk is a major concern to the company, but you have some data available about potential benefits. These data show A and D have the greatest benefits. A and D are followed in terms of benefits by C, then B, then F, and finally Assume three of the programs and projects can be added to the portfolio when the Board meets. Your recommendation is to select:

  

  A. A, B, and C

  B. A, D, and C

  C. A, F, and C

  D. D, B, and C

  Correct Answer: B

• Question 304:

  Specific types of communication technology that are used such as communication media, record retention policies, and security information are examples of:

  A. Organizational process assets

  B. Portfolio process assets

  C. Items in the information distribution process

  D. Items needed to cover the portfolio communications management plan

  Correct Answer: B

• Question 305:

  Due to multiple occurrences of risk realization, the CEO has asked you to re-assess the portfolio risks once again. Up to what level in the organization do you go when you need to assess risks?

  A. Operational

  B. All Organizational Levels

  C. Functional

  D. Internal to the portfolio

  Correct Answer: B

• Question 306:

  Review the following graphic. Assume now your portfolio is only 12% likely to meet is target of $41,000. Your Portfolio Review Board is dissatisfied in your management of the value of the overall portfolio. You explain the current mix of components is too risk adverse, and additional investment is required. The Board Chair then wants the needed investment to have a 75% likelihood, and you state it is:

  

  A. $100,000

  B. $50,000

  C. $125,000

  D. $65,000

  Correct Answer: B

• Question 307:

  Assume you are the portfolio manager for your HVAC (Heating, Ventilating, and Air Conditioning) company, one of the largest in the world. Preparing for a meeting with the Portfolio Governance Committee, you have been reviewing the success of components that have been completed as well as the progress of current portfolio components. In many cases people who only purchased heating units in the northern part of the country, and people who purchased only air conditioners in the south, now are buying state-of the art products to easily switch as needed. You found the risks of climate change led to the need

  for these new energy efficient products and did so by:

  A. Sensitivity analysis

  B. Ranking and scoring techniques

  C. Investment choices

  D. Trend analysis

  Correct Answer: D

• Question 308:

  After a recent Portfolio Review Board, the portfolio was optimized, and some components were added, while others were removed. Various portfolio reports also require updates such as:

  A. Affected organization areas

  B. High-level time frame

  C. Budget approvals or exceptions

  D. Value/benefits

  Correct Answer: D

• Question 309:

  You are the manager for a major industrial portfolio aiming to rebuild the vintage building in your region. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budget, you know that you will be managing the portfolio closely and that the governance board and the stakeholders would want to check on the progress and status frequently. For this you started to develop a robust Portfolio management plan. Which of the following can be used when starting this process?

  A. Portfolio Management Plan, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets

  B. Portfolio, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets

  C. Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets

  D. Portfolio Reports, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets

  Correct Answer: C

• Question 310:

  Developing the Portfolio Management Plan is a major step in a Portfolio and for a Portfolio Manager. You are currently developing this plan and having focus groups and brainstorming activities during which you are using mind-maps diagrams to organize the idea into logical groupings. Which of the below are you using?

  A. Integration Of Portfolio Management Plans

  B. Facilitation Technique

  C. Collaboration Technique

  D. Survey Technique

  Correct Answer: B