[Nov 30, 2021] New Real PfMP Exam Dumps Questions
Pass Your PfMP Exam Easily with Accurate Portfolio Management Professional (PfMP) PDF Questions
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NEW QUESTION 86
An urgent review meeting was set due to the discovery of multiple risks which can have drastic effects on the portfolio. As a result of the meeting, it was agreed to increase the portfolio budget and add more resources in order to manage the new risks. Which of the following documents needs to be updated as a result of this decision?
- A. Portfolio Reports
- B. Portfolio Process Assets updates
- C. Portfolio Management Plan updates
- D. Portfolio updates
Answer: C
NEW QUESTION 87
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. Ask him to do a quick recruitment and hire someone to solve the issues
- B. Send a broadcast report to all components informing them of the issue
- C. Do interdependency management and see the impact
- D. Tell him that he needs to find out a solution and that you will be ready for any assistance needed
Answer: C
NEW QUESTION 88
Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, update to reflect the change to the timeline?
- A. Portfolio Management Plan
- B. Communication Management Plan
- C. Portfolio Roadmap
- D. Portfolio Strategic Plan
Answer: B
Explanation:
Explanation
The roadmap depicts the high-level strategic direction and information in a chronological fashion, reflecting the timeline of the Portfolio implementation and a clear path from the "as is" to the "to be" states
NEW QUESTION 89
Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, change to reflect the portfolio new vision?
- A. Portfolio Management Plan
- B. Portfolio Strategic Plan
- C. Communication Management Plan
- D. Portfolio Roadmap
Answer: B
Explanation:
Explanation
The Strategic Plan includes: Vision for the portfolio, which is based on the alignment with the organization's goals and objectives Objectives; Measurable goals and guidance, Components relationships and dependencies; Allocation of funds and resources for different types of initiatives; Portfolio benefits and value expected; Communication required to ensure successful change and implementation; Can include prioritized initiatives; Strategic objectives; Resources required by type and quantity; Key assumptions, constraints, relationships, dependencies, and risks; Portfolio structure including a listing of the various portfolio components and other work; Portfolio prioritization model, a high-level prioritization, decision-making framework; Organization areas and organization structure; Organizational risk tolerance, communication strategy, and performance strategy
NEW QUESTION 90
You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The Portfolio Roadmap is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Roadmap purpose and focus?
- A. High-level prioritization mapping of the portfolio
- B. Forecasts how and when the portfolio will deliver value to the organization
- C. Can be used to influence the portfolio's success
- D. Corresponds to the means to the "to-be" vision
Answer: A
NEW QUESTION 91
You have been asked to be the manager for a governmental portfolio, and your starting point should be tendering a strategic plan to the board for validation and approval for continuation. Which documents/artifacts do you have debuting the portfolio that you can use to develop the strategic plan?
- A. Organizational strategy and objectives, inventory of work, portfolio process assets
- B. EEF's, portfolio component inventory, organizational process assets
- C. Prioritization analysis, portfolio process assets, portfolio roadmap
- D. Portfolio charter, portfolio roadmap, organizational strategy and objectives
Answer: A
NEW QUESTION 92
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. Operational activities have continued without any major changes for years
- B. The organization basically has many operational activities, and only a few projects are under way
- C. The organization lacks a defined strategy
- D. The few projects that are under way are not interdependent
Answer: C
NEW QUESTION 93
Along the course of the portfolio, you will be monitoring and controlling the portfolio a.long with the related stakeholders and governance bodies. This is done as part of your role in portfolio oversight. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Provide Portfolio Oversight Process?
- A. Balance the portfolio for performance and value delivery
- B. Create an up-to-date list of qualified portfolio component
- C. Make Governance Decisions
- D. Allocating resources to develop component proposals or execute portfolio components
Answer: C
NEW QUESTION 94
Various people are responsible for communications to different stakeholder groups, both internal and external to the organization. These delegations of authority are:
- A. A section in the portfolio communication management plan
- B. Organizational process assets
- C. Portfolio process assets
- D. Contained in the portfolio performance plan
Answer: C
NEW QUESTION 95
You have been assigned as the manager for a major transformation portfolio in your company. You are acquiring the position due to the failure of the previous manager and the strategic importance of the portfolio.
You start by consulting the portfolio strategic plan. What do you expect finding in that plan?
- A. Scope of the portfolio and the initial list of primary internal and external portfolio stakeholders
- B. Managing strategic changes
- C. Governance model
- D. Allocation of funds and resources for different types of initiatives and how these contribute to the organization's objectives
Answer: D
NEW QUESTION 96
A junior Portfolio manager has come to you for advice. She is asking about her main responsibilities as a portfolio manager in order to see if she is on the right track. What should be your advice to her?
- A. You should tell her to go read the standard for portfolio management where she can find all the needed answers to her questions
- B. She will be responsible of managing the strategic, operational and functional activities of all portfolio components
- C. Her responsibility is to continuously review, reallocate, re-prioritize and optimize the portfolio to ensure alignment with strategic objectives
- D. Her responsibility is to develop and maintain portfolio, program and project management frameworks and methodologies
Answer: C
NEW QUESTION 97
Your CEO is keen to know the expected value of multiple components that interest him and wants you to give him a comparison of the expected value across components. You are currently looking for a tool to facilitate comparison of expected value across components and support informed portfolio decision making. What are you looking for?
- A. Manage Portfolio Value
- B. Value Measurement Framework
- C. Portfolio Strategic Plan
- D. Portfolio Process Assets
Answer: B
NEW QUESTION 98
During one of the management meetings, an opportunity was identified. This opportunity has a huge impact on the portfolio. What is your first action as a portfolio manager?
- A. Document it in the benefits register
- B. Update the portfolio management plan
- C. Document it in the risk register
- D. Update the portfolio roadmap
Answer: C
Explanation:
Explanation
The scenario targets the "Manage Portfolio Oversight" process and specifically the output that documents the results. Portfolio reports documents the identified risks and issues as results from this process. Opportunities and Threats are both to be documented in the risk register. A risk owner is then identified to be accountable of it. Other options are not relevant
NEW QUESTION 99
A number of components proposals are on the table as a result of the strategic planning cycle. While defining the portfolio, you wanted to use a method to help you compare portfolio components that address similar needs. Which of the following techniques you use?
- A. Prioritization
- B. Categorization technique
- C. Portfolio Component Inventory
- D. Weighted ranking and scoring
Answer: B
Explanation:
Explanation
Assigning portfolio components to predetermined categories helps to compare portfolio components that address similar organizational needs and strategic concerns
NEW QUESTION 100
The Portfolio Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Management Plan purpose and focus?
- A. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components
- B. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio
- C. Articulates the options, preferences, and factors that will be considered in a specific portfolio
- D. Identifies recipients for information associated with the portfolio management process
Answer: B
Explanation:
Explanation
The Portfolio Management Plan describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio of programs, projects, and other work to meet the organization's strategic objectives
NEW QUESTION 101
As vision is the desired end state, it requires specific strategies to attain it. These strategies are best achieved by establishing:
- A. Critical success factors
- B. Key performance indicators
- C. Outcomes
- D. Goals
Answer: D
NEW QUESTION 102
Management practices are leveraged by organizational resources and as a portfolio manager, you realize that the correct management of supply and demand with relation to organizational resources is crucial to the success of a portfolio. Which of the following is not an organizational resource?
- A. None of the options
- B. Funds
- C. Assets
- D. Program and project managers
Answer: A
NEW QUESTION 103
Your executive management has been recently undergoing a change from a functional organization to a projectized one and is currently assessing the volume of work that the organization can execute. Which of the following tools and techniques will decide the volume of work and components that the organization can execute?
- A. Quantitative & Qualitative Analysis
- B. Capability and Capacity Analysis
- C. Weighted Ranking and Scoring
- D. SWOT Analysis
Answer: B
Explanation:
Explanation
The Capacity & Capability checks the Resource types: financial, human resources, physical/intellectual assets, and knowledge bases; Resource schedules: histograms; What-if scenarios: track impacts of portfolio optimization decisions on resource capacity; Finite capacity planning and reporting and Resource management tools.
NEW QUESTION 104
Review the following graphic. Assume now your portfolio is only 12% likely to meet is target of $41,000.
Your Portfolio Review Board is dissatisfied in your management of the value of the overall portfolio. You explain the current mix of components is too risk adverse, and additional investment is required. The Board Chair then wants the needed investment to have a 75% likelihood, and you state it is:
- A. $65,000
- B. $125,000
- C. $50,000
- D. $100,000
Answer: C
NEW QUESTION 105
While managing portfolio communications, the portfolio manager needs to account for the communication needs of the component teams in order for them to stay in the loop of the big picture. Which of the following can be of interest to this group of stakeholders?
- A. To be informed regularly of the portfolio progress so they can adjust their work accordingly
- B. To know about the portfolio changes, risks and issues that may affect their components
- C. To be informed of all portfolio changes so they can assess which changes affect their components
- D. To know about the portfolio changes, risks and issues that may affect their components, and to do interdependency management in order to cover any dependent component's issues
Answer: B
Explanation:
Explanation
The only option which is correct and which relates to this group of stakeholders is to know about the portfolio changes, risks and issues that may affect their components
NEW QUESTION 106
In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the components report status and progress to the portfolio. What is the relation between the portfolio and portfolio components when it comes to defining the performance measures and targets (metrics)?
- A. Metrics are defined at portfolio level and given as guidelines to components in order to define their own metrics
- B. Portfolio metrics used at the portfolio level are the same used at components level
- C. Metrics are defined at components level and rolled up to the portfolio level
- D. Portfolio metrics are not related to component metrics, each is used at its own level
Answer: C
NEW QUESTION 107
You are in the toughest phase of the portfolio life cycle due to the governmental issues in your country.
Yesterday night, one of the key team members quit and left the country. You have included this in the portfolio risk register while planning the portfolio because you knew that this could happen and that this key resource has family in Canada and can leave if the situation gets bad. Following this, you activated the response plan, which is to initiate a new component that will cater for reaching the deliverable in another way.
However, an immediate approval is needed for initiation of this component or the end-of-month major deliverable will be delayed. To whom you should present the proposal for urgent approval?
- A. You can take such decisions
- B. Portfolio Sponsor
- C. Executive Management
- D. Portfolio Governance Board
Answer: B
Explanation:
Explanation
This is an emergency, and scheduling a meeting with all the governance board members is usually a difficult thing to do on a short notice because the board contains executive members that are usually on a tight schedule.
In this case, you can recommend the initiation to the shorter group in the governance board through an expedited request, and inform the sponsor accordingly, however the shorter group here is not one of the options.
The sponsor can give his approval directly. Later, you will be communicating the change and the reason behind it to all related stakeholders.
NEW QUESTION 108
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