Along your portfolio lifecycle, you have been conducting multiple review meetings to ensure continuation from one phase to another and to ensure the alignment and value delivery, in addition to communicating decisions and valuable information to the related stakeholders. Changes to the approach of portfolio governance may be a result of review meetings. Which of the following options include updates to the governance model?
A. Portfolio Management Plan updates
B. Portfolio Process Assets updates
C. Portfolio Reports
D. Portfolio Strategic Plan updates
comes to this type of organizations, which of the following statements is true?
A. Human Resources should be fixed and work should be allocated based on the capacity and capability
B. Resource Supply is continuously adjusted through permanent and temporary resources
C. Projects that align with strategic objectives should be initiated even if the ROI is negligible
D. All incoming projects and customers' requests should be accepted and resources should be supplied whether permanently or temporarily
Your CEO is keen to know the likelihood of the portfolio to realize the expected ROI. You are currently looking for a tool to calculate the probability to achieve portfolio objectives. Which of the following will help you in doing that?
A. SWOT Analysis
B. Delphi
C. Risk Exposure Charts
D. Investment Choice Analysis
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. As part of managing risks, the portfolio manager applies multiple analyzes and uses tools to help dealing with risks. What does the portfolio manager use to visualize risks impact on portfolio strategic objectives such as profitability?
A. Sensitivity Analysis
B. Risk Breakdown Structure
C. Efficient Frontier
D. Probability and Impact matrix
Assume you are co-owner of a small consulting firm. Previously, you worked as a managing partner in one of the larger consulting firms in your country that had a defined portfolio management process to determine key opportunities to pursue to focus not solely on proposal win ratio but to aggressively emphasize capture ratio. Now in your new company in terms of portfolio management, the best practice to follow is to:
A. Work with your business partner in terms of portfolio management
B. Have your Board of Directors serve as a Portfolio Review Board
C. Involve your business partner plus the firm's subject matter experts in portfolio decisions
D. Set up an independent group of advisors to meet quarterly as a Portfolio Review Board
When we talk about portfolios, programs and projects, it is inevitable to mention the business value which is the sum of tangible and intangible assets of an organization, also known as the net quantifiable benefit. When it comes to business value, at which level of the organization is the delivery of Business Value optimized?
A. Portfolio
B. Project
C. Program
D. Operational
Aligning the portfolio with the strategic objectives starts by developing the Portfolio Strategic Plan. You are currently developing this plan and are looking for a document that provides you long-term direction. What are you looking for in this case?
A. Portfolio Strategic Plan
B. Inventory of Work
C. Portfolio Process Assets (PPAs)
D. Organizational strategy and objectives
Although you are the Portfolio Manager in your company, you also are the Enterprise Program Office Director, and it consumes most of your time. Your executive team has lost interest in regular portfolio review meetings, the few that are held are routine, and any proposed component receives automatic approval. The Executive Vice President for Human Resources spoke to the CEO as she noticed some people seem to be completely overloaded, they are actively looking for new opportunities, and are then leaving the company. She also pointed out that others seem to have idle time. Her comments got the CEO's attention, and you have been asked in your role as the portfolio manager to create an up-to-date list of qualified components in the portfolio. You are doing so in order to:
A. Have an accurate understanding as to how resources are allocated
B. Determine how best to use resource leveling on approved components
C. Identify, categorize, score, and rank components
D. Review the initial business cases for the components and assess their validity in terms of strategic goals
Assume you are new to your organization and you were hired specifically to help implement portfolio management in your new manufacturing company. Having worked in portfolio management for the past five years, you know it is a major culture change. It is definitely a challenge at your new company because:
A. The organization basically has many operational activities, and only a few projects are under way
B. The organization lacks a defined strategy
C. The few projects that are under way are not interdependent
D. Operational activities have continued without any major changes for years
What can you tell about the following portfolio status, having CPI weight = 80% and SPI weight = 20%
A. Work is not performing well and outside of range
B. Work is not preforming well but within range
C. Work is progressing as planned and within range
D. Work is progressing as planned but outside range
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