Practice PfMP Exam Online

Question 1

Resources allocation and optimization for use is key to a successful portfolio. You have assigned human

resources, funds and other required assets to a component that you have initiated recently. What should have

been done prior to being able to to that?

A :

Managed Portfolio Value

B : Communicated the decision to all stakeholders

C : Prioritized the component

D : Authorized the component

Answer: D

Question 2

Assume you are helping the Portfolio Review Board select and implement the portfolio with the best alignment to strategy as you work to create a list for to be considered for prioritization. One possible component on the surface does not seem to be one that is profitable, but you believe that over time changes will occur that will make it cost/beneficial to pursue. This means you are using:

A : Market analysis

B : Business value analysis

C : Scenario analysis

D : Options analysis

Answer: D

Question 3

Portfolio Prioritization Model is included in the Portfolio management plan and guides the ongoing decisions

as to which portfolio components should be added, terminated, or changed; which of the following is correct

regarding the Prioritization Model purpose and content?

A : All of the options

B : Ensures benefits are comprehensively and holistically taken into consideration

C :

Contains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment

risks, and dependencies

D : Establishes and tailors the decision-making rights and authorities

Answer: C

Question 4

There was a change in your portfolio to speed up things resulting in the addition of new components. In order to update the new vision, dependencies and timeline for the components, you should update which of the following?

A : Portfolio Roadmap

B : Portfolio Charter

C : Portfolio Strategic Plan

D : Portfolio Management Plan

Answer: A

Question 5

Stakeholders are an integral part of the portfolio. The portfolio manager will work with the stakeholders to

plan, execute and eventually deliver and close the portfolio. While developing the performance management

plan, the portfolio manager plans a series of sessions with key stakeholders to define Key Performance

Indicators (KPIs). What are these sessions collectively referred to in a portfolio?

A : Capability and Capacity Analysis

B : Communication Methods

C : Elicitation Techniques

D : Communication Requirements Analysis

Answer: C

Name:	Portfolio Management Professional (PfMP)
Exam Code:	PfMP
Certification:	PMI PfMP
Vendor:	PMI
Total Questions:	500
Last Updated:	Apr 25, 2024

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