Get 100% Passing Success With True PfMP Exam! [Apr-2024]
PMI PfMP PDF Questions - Exceptional Practice To Portfolio Management Professional (PfMP)
PMI PfMP Certification Exam is designed to test the candidate's knowledge and skills in various areas of portfolio management, including strategic alignment, governance, risk management, resource management, and performance management. PfMP exam consists of 170 multiple-choice questions and must be completed within four hours.
NEW QUESTION # 294
A senior manager asks you about resource information of a portfolio. Where can you find the information for him?
- A. Portfolio component reports
- B. Portfolio management plan
- C. Resource calendar
- D. Portfolio reports
Answer: D
NEW QUESTION # 295
Which of the following statement describes the process "Manage Portfolio Value"?
- A. The process of evaluating the portfolio based on the organization's selection criteria, prioritizing portfolio components, and creating the portfolio component mix that aligns with the organizational strategy and has the greatest potential to achieve the organizational objectives with the available resources
- B. The process of allocating the supply of organizational resources available to the portfolio against the portfolio resource demand, based on organizational priorities and potential value of the portfolio components.
- C. The process of collecting, analyzing, storing, and delivering required information to portfolio stakeholders according to the portfolio management plan.
- D. The process of monitoring the expected value to be delivered by the portfolio components as they are executed and measuring the value delivered to the organization as portfolio components are completed.
Answer: D
NEW QUESTION # 296
You are managing a large portfolio and are approaching to a major checkpoint. As a portfolio manager, you are now collecting information and reports from various components for aggregation and presentation. What method/tool can you use to support you in this process?
- A. Communication methods
- B. PMIS
- C. Elicitation
- D. Manage Portfolio Information
Answer: C
NEW QUESTION # 297
Which of the following enables a portfolio management office (PMO) to measure the aggregate portfolio performance of each project?
- A. Relevance to stakeholder ownership and the status of each project's available budget
- B. Dependency on available resources and the status of each project's time to completion
- C. Earned value (EV) analysis and an accounting of each project's sunk cost
- D. Alignment with organizational objectives and the status of each project's ROI
Answer: D
NEW QUESTION # 298
Which type of analysis would be most helpful to a portfolio manager attempting to better understand internal and external interdependencies while managing risks?
- A. Strategic alignment
- B. Capability and capacity
- C. Qualitative and quantitative
- D. Gap
Answer: C
NEW QUESTION # 299
Assume before you prepared your portfolio management plan for your company that you did some benchmarking and learned that if you used elicitation techniques it was useful in the portfolio development stage and before there were significant scope changes because of strategy changes to the portfolio. You decided to involve the Portfolio Review Board members, other key stakeholders, and some subject matter experts in this process and then decided to poll input from the group as a majority vote. This meant you were using:
- A. Facilitation techniques
- B. Interviews and observations
- C. Negotiation techniques
- D. Collaboration techniques
Answer: D
NEW QUESTION # 300
A portfolio manager is managing a portfolio as described in the following table:
The CEO has requested that the portfolio manager calculate the health of the portfolio to achieve the benefits to the organization. The organization has placed more importance on the CPI metric than the SPI metric, weighting cost at 80% and schedule at 20%. The organization considers the portfolio health to be acceptable if benefits are within a +/- 2% tolerance level.
The portfolio manager can conclude that in relation to performance expectations, the portfolio's health is:
- A. below expectations but within tolerance.
- B. below expectations and out of tolerance.
- C. above expectations but out of tolerance.
- D. above expectations and within tolerance.
Answer: A
NEW QUESTION # 301
You are currently using a Comparative Advantage Analysis and conducting a what-if analysis to consider how the portfolio component and its intended benefits could be achieved by various options, including resource capability and capacity mix. In which process are you currently working?
- A. Optimize Portfolio
- B. Manage Portfolio Value
- C. Manage Portfolio Information
- D. Manage Supply & Demand
Answer: B
Explanation:
Explanation
The comparative advantage analysis is one of the methods used in value scoring and measurement analysis performed as one of the tools and techniques of the manage portfolio value process. Other methods used in this tool and technique are: scoring models, cost-benefit analysis, progress measurement and value measurement techniques, and portfolio efficient frontier
NEW QUESTION # 302
One of your company's junior portfolio managers came to you for advice. He noticed while checking the roadmap that it does not include all the portfolio components. What should be your advice to him?
- A. Whether the roadmap includes all or a part of the portfolio components, is the decision of the portfolio manager
- B. The roadmap should include all of the portfolio components in order to correctly depict the different timelines and milestones
- C. The roadmap does not include all of the portfolio components, it is used as a high-level timeline
- D. Whether the roadmap includes all or a part of the portfolio components, is the decision of the portfolio sponsor
Answer: B
Explanation:
Explanation
The roadmap does not include all of the portfolio components, it is used as a high-level timeline. The roadmap may not provide details of all identified portfolio components, but can be used to build details later
NEW QUESTION # 303
Which of the following are qualitative measures? (Choose two.)
- A. Return on investment (ROI) of the portfolio
- B. Percentage by which cycle times are reduced due to the portfolio
- C. Recognition of legal and regulatory compliance
- D. Degree of strategic alignment
Answer: C,D
NEW QUESTION # 304
You are currently in the process of allocating resources to develop component proposals, authorizing components to expend resources and to communicate portfolio decisions. What do you expect as outputs of this process?
- A. Portfolio Updates, Portfolio Strategic Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
- B. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
- C. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update
- D. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update
Answer: D
Explanation:
Explanation
You are in the Authorize Portfolio process. The answer to this question is Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update
NEW QUESTION # 305
One of your company's junior portfolio managers came to you for advice. He noticed while checking the roadmap that it does not include all the portfolio components. What should be your advice to him?
- A. Whether the roadmap includes all or a part of the portfolio components, is the decision of the portfolio manager
- B. The roadmap should include all of the portfolio components in order to correctly depict the different timelines and milestones
- C. The roadmap does not include all of the portfolio components, it is used as a high-level timeline
- D. Whether the roadmap includes all or a part of the portfolio components, is the decision of the portfolio sponsor
Answer: B
NEW QUESTION # 306
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs 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 optimizing portfolio, what is the purpose of using this analysis?
- A. It enables the organization to achieve maximum portfolio benefits given current resource constraints
- B. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio
- C. Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components
- D. To study the capability of resources, match them against the portfolio's objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands
Answer: A
Explanation:
Explanation
When it comes to developing the optimize portfolio process, Capability and Capacity analysis enables the organization to achieve maximum portfolio benefits given current resource constraints
NEW QUESTION # 307
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. What is the expected outcome from managing supply and demand?
- A. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports
- B. Portfolio updates, Portfolio Management Plan updates, Portfolio Process Assets updates
- C. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports updates, Portfolio Components Reports updates
- D. Portfolio updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates
Answer: A
Explanation:
Explanation
This scenario targets the outputs of the "Manage supply and demand" process. The answer to this question is Portfolio updates, Portfolio Management Plan updates, Portfolio Reports
NEW QUESTION # 308
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust performance management plan. What is expected to be found in this plan?
- A. Resource optimization and Benefits Realization
- B. Resources required by type and quantity
- C. Portfolio Vision and measurable goals and guidance
- D. Identified stakeholder expectations
Answer: A
NEW QUESTION # 309
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs 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 managing the supply and demand , what is the purpose of using this analysis?
- A. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio
- B. Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components
- C. To study the capability of resources, match them against the portfolio's objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands
- D. It enables the organization to achieve maximum portfolio benefits given current resource constraints
Answer: C
NEW QUESTION # 310
Your Portfolio Review Board is scheduled to meet in a week. Resources only are available to support one project, and detailed business cases have been prepared for two of them. Your company has a policy of being risk adverse. Based on the following table, which project would you recommend to the Board, and what else would you mention to them?
- A. Project A as the benefits will be realized in a shorter time period
- B. Project A and it has less risk associated with it
- C. Project B and it has less risk associated with it
- D. Project B but other qualitative items are not available
Answer: D
NEW QUESTION # 311
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the following techniques uses historical data to determine if resource requirements have been consistently underestimated?
- A. Trend Analysis
- B. Lessons Learned Analysis
- C. Value Scoring & Measurement
- D. Requirements Analysis
Answer: A
NEW QUESTION # 312
A portfolio manager is developing an initial list of portfolio components that need to be proposed to the governance board for approval of prioritization. An output of the process that the portfolio manager is currently performing is the portfolio:
- A. inventory of work.
- B. charter.
- C. strategic plan.
- D. roadmap.
Answer: C
NEW QUESTION # 313
During the development of the portfolio communication management plan, the portfolio manager wants to build a communication plan for the portfolio stakeholders. Which items are needed for the communication matrix?
- A. Identified stakeholder expectations and the portfolio charter
- B. Portfolio manager roles and responsibilities and the portfolio risk register
- C. Communication vehicles and organizational process assets
- D. Portfolio stakeholder needs and communication objectives
Answer: D
NEW QUESTION # 314
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The PfMP certification exam is a rigorous exam that requires a significant amount of preparation and study. Candidates must have at least eight years of experience in portfolio management, as well as a bachelor's degree or equivalent. In addition, candidates must have completed at least 4,500 hours of portfolio management experience within the last 15 years.
PMI PfMP certification is a highly respected and recognized credential in the field of portfolio management. It validates the candidate's expertise in managing portfolios, aligning projects and programs with an organization's goals, and executing strategic initiatives. Portfolio Management Professional (PfMP) certification process is rigorous and requires candidates to have significant professional experience and education in portfolio management. Obtaining the PMI PfMP certification can open up new career opportunities and increase earning potential for professionals in the field of portfolio management.
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