While the Governance Board has a variety of significant roles in portfolio management, especially in terms of the recommendations it makes, c they involve:
A. Interdependencies between components
B. Resolution of issues and risks
C. Portfolio balancing and prioritization
D. Resource reallocation
You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. You are currently defining the portfolio and with the purpose of
A. Creating an up-to-date list of qualified portfolio component
B. Allocating resources to develop component proposals or execute portfolio components
C. Balancing the portfolio for performance and value delivery
D. Making Governance Decisions
Your organization has a defined portfolio management process that it has followed for three years. As the portfolio manager, you keep your various plans up to date, and because of numerous regulatory changes involving the telecom industry, it is time to review and update the risk management plan. You have several key stakeholders working with you as you realize the importance of this plan in maintaining a competitive advantage. One way you and your team are assessing the various risks that may impact the structure of the portfolio is to use:
A. Portfolio component charts
B. Portfolio reports
C. Weighted ranking and scoring techniques
D. Risk metrics
The portfolio undergoes a lot of changes through the portfolio life cycle, and the state of the portfolio changes on the go. Some components are terminated, other are added and initiated. When it comes to the authorize portfolio process, which of the following represents the state of the portfolio
A. List of current components that need to be weighted, scored and ranked
B. List of selected and balanced components
C. List of strategically aligned portfolio components without the need for them to be balanced
D. List of selected, balanced and authorized components ready to be initiated
After the second shutdown of the Government, your Agency Administrator realized that some essential programs had to continue even during the shutdown, some existing work along with some programs and projects in the pipeline perhaps were not needed, and resources may require reallocation. This example shows the:
A. Need to reconsider portfolio selection criteria
B. Need to revise the portfolio mix
C. Importance of regular reviews by the Portfolio Review Committee
D. Need to reevaluate the entire portfolio management cycle
Chartering the portfolio is an important step towards the initiation of the endeavor. It authorizes the portfolio
managers to use the resources and marks the first step towards the allocation of resources to the
components upon their initiation.
Which of the below can help you while developing the charter?
A. Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory
B. Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis
C. Scenario Analysis, Capability and Capacity Analysis
D. Gap Analysis, Readiness Assessment, Stakeholder Analysis
Communication is one of the largest activities that the portfolio manager does along the portfolio lifecycle. As an experienced portfolio manager, you know that communication and information needs vary between portfolios, programs and projects. How do you define the difference in those three levels of Project Management?
A. Communications at a Program level are more diversified than at project and portfolio levels Communications at a Portfolio level are more diversified than at project and program levels
B. Communications at a Project level are more diversified than at portfolio and program levels
C. Criticality of the communication with relation to the organization is highest at a project level as the business value is acquired at this level
Portfolio Governance is important in a portfolio to maintain correct alignment, monitor and control performance and status, reshuffle the mix of components as found necessary, etc. Governance management includes which of the following processes?
A. Develop Portfolio Communication Plan
B. Optimize Portfolio
C. Develop Charter
D. Manage Supply and Demand
Working to ensure the portfolio management process is one that is followed and is embraced has been a major challenge. As the portfolio manager, assume you set up meetings with the Portfolio Governance Group bi-weekly since there is constant change in your telecom company. You also want the portfolio process to be transparent. To do so, a useful tool to communicate status is:
A. Reports on funding decisions
B. A governance decision register
C. The portfolio roadmap
D. Key portfolio milestones
Each portfolio risk should have a designated person as its owner. As the portfolio manager assigns the owner, the main responsibility is to:
A. Analyze the risk for its overall impact on portfolio success
B. Determine an appropriate response and implement it as soon as the risk occurs
C. Monitor the situation as long as the risk is current
D. Strive to take a negative risk and turn it into a positive opportunity
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