PMI PMI Certifications PFMP Questions & Answers

• Question 81:

  Assume you are putting together for the Portfolio Review Board several options for consideration of potential components and current components. You are using an approach with different probabilities to determine outcomes and EMV. Which of the following would you recommend realizing Components A and B are new, while C and D are in progress:

  

  A. Component A

  B. Component B

  C. Component C

  D. Component D

  Correct Answer: A

• Question 82:

  Assume you are a functional manager in your medical device company in research and development. Your scientists have determined a new product that will be a breakthrough for the company, and you want to serve as the sponsor for this component and present it to your Portfolio Review Board. You will need resources from other parts of the company to commercialize it. As you prepare your proposal you are following the key descriptors set up by the portfolio staff and will include:

  A. Risk reduction

  B. Regulatory and compliance issues

  C. Internal and external dependencies

  D. Qualitative benefits

  Correct Answer: D

• Question 83:

  As part of the annual planning, PMO has started to group initiatives managed under each portfolio in the organization. The collected list will be used in developing the new Portfolio Strategic Plan. What is this collected list called?

  A. Portfolio

  B. Portfolio Component Inventory

  C. Portfolio Process Assets (PPAs)

  D. Inventory of Work

  Correct Answer: D

• Question 84:

  Your sponsor is under a lot of pressure from the management because the portfolio has been hit by multiple risks already and the situation is going towards its termination. Your sponsor asked you to prepare him an analysis to show the probable ROI and the confidence level in it. Which approach is the best one in this case?

  A. Scenario Analysis

  B. Monte Carlo Analysis

  C. SWOT Analysis

  D. What-if Analysis

  Correct Answer: B

• Question 85:

  You are the manager of a major portfolio with a critical strategic objective. You have just finalized the roadmap development and wanted to have a quick discussion on it with the team. One of your team members asks you your opinion on the relation between Portfolio roadmap and Strategic Objectives. What would your answer be?

  A. The roadmap shows alignment from the components to the strategic objectives or highlights the gaps between the components and the strategic objectives that need to be analyzed

  B. The roadmap highlights the gaps between the components and the strategic objectives that need to be analyzed

  C. None of the options

  D. The roadmap shows alignment from the components to the strategic objectives

  Correct Answer: A

• Question 86:

  Each year, you update the portfolio roadmap so people within the organization can see component status, interdependencies, constraints, and business value, among other things. This year, however, two major programs in the portfolio were cancelled as they were government contracts, and the government lacked funds to complete them. Your management then had to reduce staffing. These two programs had dependencies with other components in the portfolio. This means that:

  A. The other components may need to be cancelled

  B. The proposed benefits from the other components require analysis to see if they can be realized and sustained

  C. The value measurement criteria for portfolio components require updates

  D. The overall value of the portfolio is affected adversely

  Correct Answer: D

• Question 87:

  When developing the charter, you will use multiple inputs and documents of which the portfolio Strategic Plan is one. How is the strategic plan used in this case?

  A. It is not an input to this process

  B. The Portfolio Structure and Portfolio Manager's Authorizations are copied from the Portfolio Strategic Plan as is and incorporated in the Charter

  C. It is updated based on the output of the Develop portfolio charter process

  D. The prioritization model is used as a decision framework to structure the portfolio components

  Correct Answer: D

• Question 88:

  While managing the portfolio value, it is important to know the different roles of responsibilities and accountabilities for the actual benefits realization in order to be able to aggregate the correct value from different components; in which document are these roles and responsibilities mentioned?

  A. Portfolio Process Assets

  B. Portfolio Management Plan

  C. Portfolio Strategic Plan

  D. Portfolio Charter

  Correct Answer: B

• Question 89:

  You have been managing a complex portfolio for the banking industry and it is sought to be the shifting to the top-notch digital banking era for one of the major international banks. You know you will have changes along the lifecycle and you plan to manage them correctly in order to maintain alignment and correct execution. If you need to reflect changes based on cost, requirements, and schedule. To which of the following section in the portfolio management plan will you refer?

  A. Performance management

  B. Manage strategic change

  C. Resource management

  D. Change control and management

  Correct Answer: D

• Question 90:

  Assume as the portfolio manager you have conducted a stakeholder analysis, gap analysis, and a readiness analysis as your cereal company is now entering the ice cream market. A team was formed and located off site to determine whether this market was one in which your company could compete, and its recommendation to do so was accepted by the Portfolio Review Board. Now you need to:

  A. Acquire resources to support the new line of ice cream products

  B. Change the prioritization model

  C. Develop a communications strategy for use internally and also externally

  D. Set completely new performance metrics for all products

  Correct Answer: B