PfMP PMI Exam Questions and Free Practice Test

Question 79

Embracing a management-by-projects culture means there tends to be far more projects to pursue than available resources. An approach then is required to guide decisions as to components in the portfolio. A best practice to follow is to:

A. Set forth in the portfolio strategic plan a prioritization model

B. Develop a portfolio roadmap

C. Focus on both internal and external environmental changes

D. Focus on sustainment of project benefits

Correct Answer:A

Question 80

The Portfolio Performance Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Performance Management Plan purpose and focus?

A. Identifies recipients for information associated with the portfolio management process

B. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components

C. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio

D. Articulates the options, preferences, and factors that will be considered in a specific portfolio

Correct Answer:B

Question 81

While defining the portfolio, a portfolio manager does a preliminary comparison of all inventoried portfolio components against the portfolio component definition. For this, the descriptors of each portfolio component are used in order to compare it to other components. Which of the following is not a component key descriptors?

A. Component Customer

B. Urgency

C. Resources Required

D. Component Number

Correct Answer:B

Question 82

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. Lessons Learned Analysis

B. Requirements Analysis

C. Trend Analysis

D. Value Scoring & Measurement

Correct Answer:C

Question 83

The existing portfolio manager was replaced by a new portfolio manager and the analysis has shown that the distance between the pessimistic and best case scenario of the new portfolio manager is larger than the old one, which kind of manager is the new one?

A. Optimistic

B. Pessimistic

C. Risk Averse

D. Risk Taker

Correct Answer:D

Question 84

One of your team members who is particularly interested in becoming a portfolio manager has asked you what is the relation between the Portfolio roadmap and the Programs/Projects roadmaps? What should be your answer to him?

A. Program and Project roadmaps may be included in the portfolio roadmap

B. There is no relation whatsoever

C. Program and Project roadmaps are more detailed and less strategically aligned

D. Portfolio roadmaps are high level approaches for program and project roadmaps

Correct Answer:A

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