PfMP Free Exam Questions & Answers PDF Updated on Nov-2021
Latest PfMP Exam Dumps Recently Updated 495 Questions
PMI PfMP Exam Syllabus Topics:
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NEW QUESTION 42
Your company changed its executives due to the lack of benefits realization and previous corruption issues.
The new management has informed you that as of now, this will not change any process in the portfolio and everything will remain the same. However, only the risk tolerance for the organization will be impacted, what will you do as a portfolio manager?
- A. Perform stakeholders analysis once again and change the organization risk tolerance in the portfolio communication management plan
- B. Revise the roadmap to change the timeline due to the new risk profile
- C. Update the Strategic Plan
- D. Assess the impact of the change along with the new management
Answer: C
NEW QUESTION 43
Even though you do not work in an industry that is heavily regulated by your government, such as in new product development, health, or safety, recently your government issued a mandate that senior management of all corporations must certify the accuracy of reported financial statements to prevent any accounting fraud.
These controls are to be implemented in the next fiscal year. This obviously is not in your portfolio strategic or management plans but is an example of a(n):
- A. Mandated component
- B. Enterprise environmental factor
- C. Strategic change
- D. Emergent program
Answer: B
NEW QUESTION 44
As you grow older, you gain more experience and things that once seemed hard to assimilate, can become very easy. One junior member of your portfolio management team is confused on the relationship between the Optimize, Authorize and Provide Oversight processes. What could your advice to him be?
- A. The provide portfolio oversight process may trigger the other two processes as part of the review meetings
- B. The Optimize portfolio comes first, then authorize portfolio and finally Provide Portfolio oversight
- C. The Optimize portfolio process is used to balance the portfolio so that the authorize portfolio and Provide Portfolio Oversight processes can start
- D. The three processes are not related and are in different focus areas
Answer: A
Explanation:
Explanation
The three mentioned processes are, similar to all processes, recurring in the portfolio life cycle and are not prerequisites to one another. As part of the review meetings, decision may be taken to initiate a component, which requires triggering the authorize portfolio process; on the other hand, decisions to add new components can be taken which requires to optimize the portfolio once again
NEW QUESTION 45
You have been receiving complaints from Key Stakeholders about multiple projects not being initiated, also they have great strategic alignment. What should have been done to avoid this?
- A. Developed a Communication Management Plan
- B. Including those Key Stakeholders in the steering committee
- C. Communicated the Prioritization Model
- D. Updated the prioritization criteria
Answer: A
Explanation:
Explanation
This is a tricky question; however, communicating the prioritization model or updating its criteria are not relevant to this scenario; the issue here is that the key stakeholders do not know that there are other components which have higher priority than those they are complaining about (after all, the governance board is authorizing the components based on insights and data). The issue here is that there was no correct communication with those stakeholders. The closest answer here is Develop a Communication Management Plan. Including them in the steering committee has no effect
NEW QUESTION 46
The company's management is not happy with the bared risk for the expected Portfolio value return and has reached a subject matter expert to try to re-align the risk level with the management expectations. The expert stated that it is preferable to diversify the portfolio components in order to get more results. In that case, you
- A. Disagree with the expert because the company should have came to you before reaching an outside-party
- B. Agree with the expert because he is the expert and you should abide by his recommendations
- C. Agree with the expert because diversification in a portfolio may allow for the same portfolio expected return with reduced risk
- D. Disagree with the expert because diversification will bring more complexity, thus more risks
Answer: C
NEW QUESTION 47
You are the manager of a major portfolio with a variety of stakeholders and stakeholder groups. you know that managing communication is key to success and you stress on maintaining a high communication level. You want to start developing your Communication Management Plan and are planning to use
- A. Portfolio Process Assets, Portfolio Roadmap, Portfolio, Portfolio Management Plan, Enterprise Environmental Factors
- B. Portfolio Process Assets, Portfolio Charter, Portfolio Reports, Portfolio Management Plan, Portfolio Component Reports
- C. Portfolio Process Assets, Portfolio Roadmap, Portfolio, Portfolio Management Plan, Portfolio Reports
- D. Portfolio Process Assets, Portfolio Charter, Portfolio, Portfolio Management Plan, Enterprise Environmental Factors
Answer: C
Explanation:
Explanation
The scenario targets the inputs for the "Develop Communication Management Plan" process. The answer to this question is Portfolio Process Assets, Portfolio Roadmap, Portfolio, Portfolio Management Plan, Portfolio Reports
NEW QUESTION 48
As a portfolio manager you need to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. One of your key stakeholders came to you asking to skip the manage supply and demand process as you have already prioritized and allocated resources through the strategic management and the governance processes. As a portfolio manager you should
- A. Continue work and ignore the stakeholder's request as this stakeholder is known to resist change and hates collaboration
- B. Skip the step as the stakeholder is correct and you can always re-do the process as part of managing a strategic change
- C. Continue your work and perform the manage supply and demand process
- D. Raise this to the steering committee for approval
Answer: C
NEW QUESTION 49
Your company is currently on the verge of bankruptcy due to the lack of transparency within the organization; this alerted the CEO to take decisive actions and request that new reporting lines be established in order to be fully transparent. Following this, the portfolio structure has changed to cope with the new reporting lines.
Where is this change reflected when it comes to portfolio documents?
- A. Portfolio Roadmap updates
- B. Portfolio Charter updates
- C. Portfolio Management Plan updates
- D. Portfolio Strategic Plan updates
Answer: B
NEW QUESTION 50
You have just finished the development of the Portfolio Communication Management Plan. The portfolio team is looking for portfolio value assessment, status reports, and portfolio forecast with variance to plan. Where should they find this information?
- A. Portfolio Process Assets
- B. Portfolio
- C. Portfolio Management Plan
- D. None of the options
Answer: A
NEW QUESTION 51
Assume you are the portfolio manager for a leading drug store in your country that offers numerous products.
In the past four years, nearly every store has had to enlarge its pharmacy unit and hire additional staff members with the aging population. Observing this change, two years ago, stores set up clinics to provide customers with immediate care. As you see the growth in the stores in the health arena, you are looking at trends and realize:
- A. For the health care clinics to be viewed with integrity, a medical doctor must be available at each store
- B. Each store requires a balance between its health care services and products that may have adverse health effects
- C. Alcohol, tobacco, and sugar soft drink products should no longer be offered
- D. Customers wonder if they should trust the health care services offered given the other available products
Answer: C
NEW QUESTION 52
The Scenario Analysis is used twice as a tool and technique, once while developing the charter and another time while managing Supply and Demand (It also exists as part of the quantitative and qualitative analysis as part of the optimize Portfolio process). When it comes to Manage Supply and Demand, which of the following represents a correct description of the Scenario Analysis?
- A. Enables decision makers to create a variety of portfolio scenarios using different combinations of both potential components and current components
- B. Helps differentiate between the resources capability and capacity
- C. All of the Options
- D. Helps determine various possibilities of resource allocations and the impact to component schedules
Answer: D
Explanation:
Explanation
Enables decision makers to create a variety of portfolio scenarios using different combinations of both potential components and current components, is the use of scenario analysis while developing the portfolio charter. As for the Manage Supply and Demand process, the scenario analysis helps determine various possibilities of resource allocations and the impact to component schedules.
NEW QUESTION 53
A new portfolio is initiated with you as the portfolio manager, you started by developing the portfolio strategic plan and are currently reviewing the Organizational Process Assets; which of the options can be a part of this input?
- A. IT Strategies and Policies
- B. Inventory of Work
- C. Portfolio Components files
- D. List of portfolio components and Portfolio component selection criteria
Answer: A
NEW QUESTION 54
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 Process Assets updates
- B. Portfolio updates
- C. Portfolio Management Plan updates
- D. Portfolio Strategic Plan updates
Answer: B
NEW QUESTION 55
In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following are considered outputs to the Manage Portfolio Information process?
- A. Portfolio Process Assets updates, Portfolio Charter updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates
- B. Portfolio Process Assets updates, Portfolio Charter updates, Portfolio Reports updates, Portfolio Management Plan updates, Portfolio Component Reports updates
- C. Portfolio Process Assets updates, Portfolio Management Plan updates, Portfolio Reports
- D. Portfolio Process Assets updates, Portfolio Roadmap updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates
Answer: C
NEW QUESTION 56
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. Metrics are used for measuring the performance. They need to be meaningful in order to be able to provide clear and logical targets, and in order to be able to be measured.
Which guideline is used in order to develop meaningful measures?
- A. Specific, Meaningful, Achievable, Reachable, Timed
- B. Specific, Meaningful, Accurate, Reachable, Timed
- C. Strong, Meaningful, Accurate, Reachable, Timed
- D. Specific, Measurable, Attainable, Realistic, Time bound
Answer: D
NEW QUESTION 57
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 how the new strategy will be implemented?
- A. Portfolio Strategic Plan
- B. Portfolio Roadmap
- C. Communication Management Plan
- D. Portfolio Management Plan
Answer: D
NEW QUESTION 58
Your portfolio has encountered a big issue and multiple management decisions have been taken in order to re-align the portfolio with the strategic objectives. What is the tool that you use in order to report major risks and issues to stakeholders?
- A. Portfolio Reports
- B. Portfolio Status Reports
- C. Portfolio Management Plan
- D. Portfolio Risk Register
Answer: A
NEW QUESTION 59
When initiating portfolio components and terminating other, you come up with updates to budget, funding and resources allocations. Where should these updates be recorded?
- A. Portfolio Reports
- B. Portfolio Process Assets updates
- C. Portfolio Updates
- D. Portfolio Management Plan updates
Answer: A
Explanation:
Explanation
The scenario targets results from the Authorize Portfolio process. Updates in the budget/funding and the resource allocation are reflected in the portfolio Management plan updates
NEW QUESTION 60
As part of the Portfolio Communication, the Portfolio Manager analyzes the raw data assimilated from the portfolio process assets and from the stakeholder analysis. This analysis aims to isolate the data that hold value to the receiving audience. Which tool can the portfolio manager use to help him in performing this analysis?
- A. Communication Requirements Analysis
- B. Communication Methods
- C. Stakeholder Analysis
- D. Elicitation
Answer: A
Explanation:
Explanation
Data gathered in the Manage Portfolio Information process often begins as raw data or information without full context. Some of this data may be from external research specifically for market comparative analysis.
With the communication requirements analysis technique, the data and information are analyzed to separate the data that hold value to the receiving audience
NEW QUESTION 61
Portfolios have a lot of components in them and are executed along an extended lifecycle. For this, as a portfolio manager, you continuously monitor and control the progress and status. What input can you use to help you with this?
- A. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
- B. Roadmap, Portfolio Strategic Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
- C. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Organizational Process Assets
- D. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
Answer: A
Explanation:
Explanation
The question targets the Provide Portfolio Oversight Process and specifically its inputs. The answer to this question is Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
NEW QUESTION 62
Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently aggregating value delivered by the portfolio components. What outputs do you expect to get out of this?
- A. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates
- B. Portfolio Reports, Portfolio Management Plan updates, Portfolio Process Assets updates
- C. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates, Portfolio Strategic Plan updates
- D. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates, Portfolio Component Reports updates
Answer: B
NEW QUESTION 63
As a result of optimization, one of the components was deemed necessary to be terminated. One of the executive managers found about this and called you telling you that you should leave this component as it is of interest to her and she wants to see it finalized and that she will make resources available to it if needed. What should be your best course of action?
- A. Ask the steering committee for more resources in order to be able to continue with this component
- B. Continue working on the component as you have the support of one of the senior managers
- C. Ask the senior manager directly for resources as you know that this component requires additional resources
- D. Highlight the issue in the governance board meeting and recommend termination based on facts and thorough analysis
Answer: D
Explanation:
Explanation
As a portfolio manager, it is your responsibility to highlight the issues that might affect the success of the portfolio, and present a detailed analysis to the governance board for review and decision; all other options are not ethically correct
NEW QUESTION 64
In a portfolio, data is an abundant asset, and managing the information aiming for a a better decision making is critical. For this you use a variety of Quantitative and Qualitative analysis methods. These methods are performed in 4 of the portfolio management processes and serve a slightly different purpose in each and every one of them. When it comes to the optimizing portfolio, what is the purpose of using this analysis?
- A. Performing resource leveling, project sequencing techniques and dependency analysis
- B. Performing Quantitative analysis and Sensitivity analysis
- C. Performing Status and trend analysis, Rebalancing methods, Investment choice tools, exposure charts
- D. Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT analysis, Market/competitor analysis and business value analysis
Answer: D
NEW QUESTION 65
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. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to the organization level. This analysis comprises which of the following?
- A. Financials
- B. Human Resources
- C. Risk Tolerance
- D. Assets
Answer: C
Explanation:
Explanation
This question is tricky, however the rationale behind it is based on closing in on the best possible answer.
When we talk about Organizational capability and capacity, the best answer would be the risk tolerance, because the Human Resources, Financials and Assets can constrain the number and size of components in a Portfolio, thus constraining the portfolio's scope in achieving strategic goals. In addition, the Human Resources, Financials and Assets can be manipulated by balancing portfolios or by acquiring External/Internal resources. However, the risk tolerance is the most important, because when its threshold is reached, the portfolio has the highest impact of being terminated. When it comes to the organization, the risk threshold is the most important aspect to be studied by the capability and capacity analysis
NEW QUESTION 66
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