PfMP PMI Exam Questions and Free Practice Test

Question 109

Initiatives in the companies aim to deliver values. For a portfolio, the value is delivered through a mix of components with similar strategic goals and objectives. Multiple components can contribute in the realization of the same organizational value. While managing the portfolio value, how do you depict the relationships between components in achieving value?

A. Cumulative distribution

B. Cause and effect relationships between the portfolio components that are needed to deliver planned benefits

C. Outcome probability analysis

D. Set realistic targets in line with stakeholder risk tolerances

Correct Answer:B

Question 110

The members of your Portfolio Review Board and other key stakeholders tend to be risk adverse as the company has survived recent recessions and is profitable. However, in an upcoming meeting with the corporate Board of Directors, they have asked you to show the frequency of meeting certain cost objectives at various percent points. For example assume the portfolio is to meet a $41,000 target in the next month, to be 75% confident this will occur, a forecast of $50,000 is needed. This means you need to show:

A. The needed contingency reserve

B. The probability of achieving portfolio objectives

C. The confidence of meeting success criteria

D. The values of KPIs with their confidence levels

Correct Answer:B

Question 111

Your sponsor is under a lot of pressure from the management because the portfolio has been hit by multiple risks already and the situation is going towards its termination. Your sponsor asked you to prepare him an analysis to show the probable ROI and the confidence level in it. Which approach is the best one in this case?

A. Scenario Analysis

B. Monte Carlo Analysis

C. SWOT Analysis

D. What-if Analysis

Correct Answer:B

Question 112

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

Correct Answer:D

Question 113

A key role for portfolio management is to balance the use of resources following the need against the existing skill-set. One of the component managers told you that an important SME on his program is traveling and there is no replacement for her. This will cause a major delay in the program. What is your first step as a portfolio manager?

A. Do interdependency management and see the impact

B. Send a broadcast report to all components informing them of the issue

C. Ask him to do a quick recruitment and hire someone to solve the issues

D. Tell him that he needs to find out a solution and that you will be ready for any assistance needed

Correct Answer:A

Question 114

One of your component managers has submitted his resignation and left the company; a new program manager joins the portfolio replacing him. Which document you use to inform the new program manager about his responsibilities in the portfolio?

A. Program Business Case

B. Portfolio Roadmap

C. Portfolio Management Plan

D. Portfolio Charter

Correct Answer:C

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