PfMP PMI Exam Questions and Free Practice Test

Question 103

You are managing a big portfolio and have a lot of stakeholders, whether external or internal. You know that stakeholder engagement is crucial to the success of the portfolio and realize that in order to have proper stakeholders engagement you will need to

A. Update your communication management plan

B. Develop a well-structured RACI matrix

C. Engage regularly with key stakeholders through formal and informal communication means

D. Meet regularly with all stakeholders

Correct Answer:B

Question 104

The portfolio undergoes a lot of changes through the portfolio life cycle, and the state of the portfolio changes on the go. Some components are terminated, other are added and initiated. When it comes to the authorize portfolio process, which of the following represents the state of the portfolio

A. List of current components that need to be weighted, scored and ranked

B. List of selected and balanced components

C. List of strategically aligned portfolio components without the need for them to be balanced

D. List of selected, balanced and authorized components ready to be initiated

Correct Answer:B

Question 105

You have scored the portfolio components and are analyzing the data in order to prioritize the components. Using the following scoring table, which of the options represents the correct Components Priority?
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A. D, B, C, E, A

B. A, C, E, B, D

C. D, B, E, C, A

D. D, B, E, A, C

Correct Answer:D

Question 106

Assume you are working to prepare the low-level schedule and timelines for portfolio components. You want to make sure, as the portfolio manager, for your country's initiatives to promote an awareness of the importance of climate change, that each component then can be monitored and tracked to assess performance. To do so, you should:

A. Set up KPIs for each component that are consistent for ease of measurement

B. Determine the critical success factors at the portfolio level and then ensure each component contributes toward their realization

C. Review the portfolio roadmap

D. Review the portfolio performance plan

Correct Answer:C

Question 107

You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. You have just finalized managing the strategic change and you are expected to present the following documents:

A. Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Portfolio update

B. Portfolio Strategic Plan update, Portfolio Management Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Portfolio update

C. Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Organizational Process Assets update

D. Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Organizational Process Assets update, Portfolio Management Plan update

Correct Answer:B

Question 108

Your portfolio is on a tight deliverables and is considered the major portfolio in your company. Stakeholders are concerned about the purpose of defining a portfolio while already having an inventory of work and are worried that this will cause a lot of time to be wasted. What is your advice to the stakeholders?

A. This process is required to optimize and balance the portfolio for performance and value delivery

B. This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization

C. This process can be skipped because it will be re-done as part of the Optimize Portfolio process

D. They are right, the process can be skipped when an inventory of work is in place

Correct Answer:B

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