In identifying risks to then manage and control, as the portfolio manager you are consulting organizational process assets such as:
A. Commercial data bases
B. Lessons learned
C. Knowledge bases
D. Values
The portfolio is undergoing and your are now in the monitoring and controlling phase. Two of your team
members are arguing about what to use in order to determine decisions to be made with regards to the
portfolio and its components.
What should be your advice to them?
A. They should use the elicitation techniques to get as much data as possible on the progress in order to be able to take decisions
B. They should conduct review meetings on formal and scheduled basis
C. They should conduct review meetings on scheduled and informal basis
D. They should conduct review meetings on need basis
In managing strategic change, the portfolio manager performs stakeholder analysis in order to consider the changing requirements. One of the key stakeholders expressed concerns about the lack of recognition of the value contribution of his department. The portfolio manager is not convinced with the level of value contribution. Which of the following is considered the best approach to take?
A. Accept the statement as it is a key stakeholder and the portfolio manager should remain in good contact with him
B. Reject the statement
C. Assign an owner to follow up on this concern and take a decision accordingly
D. This is a key stakeholder and his expectations and requirements should be taken into consideration for further analysis
Over the years, your organization has grown significantly as it has entered new markets while maintaining its presence in its traditional product line of security systems. The company now has eight different business units rather than three, which was the case only two years ago, and it set up funding originally such that it was only allocated to one business unit and could not be transferred to others. At the recently held Portfolio Oversight Committee meeting, five business units did not add components, but some were completed. The other three added a number of programs and projects, which were authorized. Now funding for these new components is an issue. This means:
A. Another Committee meeting is required to focus on the funding problem
B. The sponsors of the newly authorized components need to work with their business units to determine how funds will be allocated
C. The three business units need to evaluate their portfolios and recommend termination of some components to the Committee
D. Changes are required as to how funds are allocated
A big strategic change occurred at the organization level and has impacted multiple portfolios in the
organization including yours. The CEO has asked you to prepare a presentation to depict the impact of this
change on portfolio resources.
Which of the following should you present in this case?
A. Communication matrix and communication calendar
B. Resource Histograms
C. Benefits Realization
D. Efficient Frontier
Assume you work in new product development, and you believe you have identified a component that will be a breakthrough for the company. However, you performed a capacity analysis with the help of your EPMO to assess resource availability especially in certain skill sets. You learned that key computer scientists required by this component were in short supply, yet you still believe this component should be in the portfolio. To convince the Portfolio Review Board to consider it, you decide to use:
A. Resource smoothing
B. Business value analysis
C. Market analysis
D. Options analysis
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, 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 have developed a robust Portfolio management plan. What do you expect as output of this development?
A. Portfolio Management Plan, Portfolio Roadmap update, Portfolio Charter update, Enterprise Environmental Factors update
B. Portfolio Management Plan, Portfolio Reports update
C. Portfolio Strategic Plan update, Portfolio Process Assets updates, Portfolio Management Plan
D. Portfolio update, Portfolio Roadmap update, Portfolio Management Plan
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the below helps in optimizing the supply and demand?
A. Minimize both the unused capacity and the unmet demands
B. Maximize both the unused capacity and the unmet demands
C. Maximize the unused capacity and minimize the unmet demands
D. Minimize the unused capacity and maximize the unmet demands
Assume your pork producing company finds that there is an over-abundance of pork products and competitors in the marketplace even though it has had to implement Hazard Analysis and Critical Control Point (HACCP) processes that are a regulatory requirement. Profits are lower than ever before in the history of the company. Management is changing the company's strategy to also focus on seafood products. You have been asked to complete a gap analysis to:
A. Determine resource capacity
B. Assess risks with this change
C. Compare the current portfolio mix with that with this change
D. Determine any requirements that must be addressed before the change is implemented
Working to manage portfolio value is a continuous task. In doing so, as the portfolio manager, you review the monthly and any ad hoc reports submitted by component managers. This month you saw there was an excellent opportunity for major cost savings in two components in the top five on the portfolio list; however, to realize this cost reduction, these components require resources to be reallocated from other components in progress for six months. These forecasts then:
A. Should be verified by independent estimators for accuracy
B. Require validation by the CFO and his staff
C. Should be accompanied by an analysis of earned value data to ensure the components are using the same method of reporting
D. Are recommended for consideration by the Portfolio Review Board
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.