PMI PMI Certifications PFMP Questions & Answers

• Question 401:

  When managed correctly, the balanced scorecards can change the way an organization does business. Balanced scorecards keep focus on results. Which of the following are factors that can be targeted by the Balanced Scorecards method?

  A. Product Manufacturing, core competencies, response times, maintenance costs, shareholder value

  B. Reward, Leveraging Skills, Leveraging Information Systems, core competencies

  C. Product Manufacturing, core competencies, response times, reward, shareholder value

  D. Learning and Growth, Internal Process, Customer, Financial, Reward, maintenance costs, market value, supplier value

  Correct Answer: A

• Question 402:

  A portfolio manager needs to continuously balance the need and requirements with the available

  resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery, in addition

  to managing communication, risk, etc.

  For this you develop a robust Portfolio Management Plan. Which of the below is not a part of this plan?

  A. Change Control and Management

  B. Portfolio Communication Management Plan

  C. Portfolio Strategic Plan

  D. Portfolio Performance Management Plan

  Correct Answer: C

• Question 403:

  Assume you have determined the prioritization criteria your Portfolio Review Board will use, and you have reviewed the criteria with your key stakeholders to attain their buy off and occurrence. The purpose in establishing these criteria is to:

  A. Ensure each component in the portfolio is in alignment to strategic goals

  B. Incorporate the key stakeholders' risk tolerances as a criterion for consideration

  C. Enable comparison among components

  D. Set forth measurable goals with KPIs

  Correct Answer: C

• Question 404:

  One of your component managers has submitted his resignation and left the company; a new program manager joins the portfolio replacing him. Which document you use to inform the new program manager about his responsibilities in the portfolio?

  A. Program Business Case

  B. Portfolio Roadmap

  C. Portfolio Management Plan

  D. Portfolio Charter

  Correct Answer: C

• Question 405:

  Your Portfolio Review Board is scheduled to meet in a week. Resources only are available to support one project, and detailed business cases have been prepared for two of them. Your company has a policy of being risk adverse. Based on the following table, which project would you recommend to the Board, and what else would you mention to them?

  

  A. Project A and it has less risk associated with it

  B. Project B and it has less risk associated with it

  C. Project A as the benefits will be realized in a shorter time period

  D. Project B but other qualitative items are not available

  Correct Answer: D

• Question 406:

  One of the major resources on your portfolio is needed by two of the components at the same time. This resource has high technical knowledge and is aware of all the business needs. Which of the following tools and techniques can you use in order to solve this issue?

  A. Sequencing Techniques

  B. Capability and Capacity Analysis

  C. Scenario Analysis

  D. Interdependency Analysis

  Correct Answer: A

• Question 407:

  Your portfolio is on a tight deliverables and is considered the major portfolio in your company. Stakeholders are concerned about the purpose of defining a portfolio while already having an inventory of work 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 optimize and balance the portfolio for performance and value delivery

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

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

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

  Correct Answer: B

• Question 408:

  You are currently defining a hierarchical representation of your portfolio and its components and listing the major and milestone components, including dependencies internal and external to the portfolio with business units. For this you know that you will need multiple inputs. Which of the following are considered inputs in your case?

  A. Portfolio, Portfolio Strategic Plan, Portfolio Process Assets

  B. Portfolio, Portfolio Charter, Portfolio Strategic Plan

  C. Portfolio, Portfolio Charter, Portfolio Management Plan

  D. Portfolio, Portfolio Strategic Plan, Portfolio Management Plan

  Correct Answer: B

• Question 409:

  A key role for portfolio management is to balance the use of resources following the need against the existing skill-set. One of the component managers told you that an important SME on his program is traveling and there is no replacement for her. This will cause a major delay in the program. What is your first step as a portfolio manager?

  A. Do interdependency management and see the impact

  B. Send a broadcast report to all components informing them of the issue

  C. Ask him to do a quick recruitment and hire someone to solve the issues

  D. Tell him that he needs to find out a solution and that you will be ready for any assistance needed

  Correct Answer: A

• Question 410:

  After a strategic change is managed and finalized, you as a portfolio manager, are expected to document changes to the portfolio components attributes. Which of the following is the document in which you document these changes?

  A. Portfolio Strategic Plan updates

  B. Portfolio updates

  C. Portfolio Management Plan updates

  D. Portfolio Process Assets updates

  Correct Answer: B