PfMP PMI Exam Questions and Free Practice Test

Question 61

You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. You are currently developing the Risk Management Plan. What can you use as inputs to this process?

A. Portfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise Environmental Factors

B. Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors

C. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors

D. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio

Correct Answer:C

Question 62

Assume you are managing a high visibility project in your company that once it is completed will transform it into new markets and be the leader in the soft phone field. You are keeping the project a secret from external stakeholders, and you and your team have signed Non-disclosure agreements (NDAs). However, the executives and those on the Portfolio Review Board want status information on this project every two weeks. You provide it:

A. To those on the portfolio distribution list

B. Electronically in a format that cannot be printed or forwarded

C. To the members of the Board and executives verbally

D. To the portfolio manager

Correct Answer:D

Question 63

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. 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

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 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

D. It enables the organization to achieve maximum portfolio benefits given current resource constraints

Correct Answer:D

Question 64

comes to this type of organizations, which of the following statements is true?

A. Human Resources should be fixed and work should be allocated based on the capacity and capability

B. Resource Supply is continuously adjusted through permanent and temporary resources

C. Projects that align with strategic objectives should be initiated even if the ROI is negligible

D. All incoming projects and customers?? requests should be accepted and resources should be supplied whether permanently or temporarily

Correct Answer:B

Question 65

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 66

Since you work for a global aerospace and defense organization, it decided to pilot the implementation of portfolio management in its cargo aviation business unit. You were asked to lead this initiative and realized before you could proceed, you should find out information about all the existing projects, programs, and operational activities. This task took three months to complete, but with this list, you now can use it to set up categories for the work that is under way and to also define criteria to use to propose new components. As a result you should:

A. Determine how to optimize the existing work

B. Ensure the criteria and categories are aligned with the portfolio roadmap

C. Set up a Portfolio Review Board

D. Prepare a portfolio performance plan

Correct Answer:B

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