PfMP PMI Exam Questions and Free Practice Test

Question 7

You are the portfolio manager for a family business company who had an old CEO reluctant to change and to taking risks. The board has decided with the support of the president to change the CEO and assign a new one. The executive directors along with the president have as well advised the new CEO to be more aggressive. Which of the following documents need to be updated in this case?

A. Portfolio Performance Plan

B. Portfolio Charter

C. Portfolio Management Plan

D. Strategic Plan

Correct Answer:D

Question 8

starting with the business unit you lead, which is responsible for new products, and then will set the stage to implement it throughout the bank, including at the enterprise level. You have executive support and commitment to implement it in your business unit. A key first step is to:

A. Set up a governance structure

B. Define roles and responsibilities for implementation

C. Prepare a portfolio performance plan

D. Prioritize the work to be done

Correct Answer:B

Question 9

Your company is currently on the verge of bankruptcy due to the lack of transparency within the organization; this alerted the CEO to take decisive actions and request that new reporting lines be established in order to be fully transparent. Following this, the portfolio structure has changed to cope with the new reporting lines. Where is this change reflected when it comes to portfolio documents?

A. Portfolio Charter updates

B. Portfolio Strategic Plan updates

C. Portfolio Management Plan updates

D. Portfolio Roadmap updates

Correct Answer:A

Question 10

During the portfolio lifecycle, components will be authorized, initiated, executed and closed accordingly. For authorizing the portfolio, as a program manager you will use which of the Which of the following tools and techniques?

A. PMIS, Authorization techniques, Scenario Analysis

B. PMIS, Authorization techniques

C. Authorization techniques, Scenario Analysis

D. PMIS, Authorization techniques, Review Meetings

Correct Answer:B

Question 11

Along the course of the portfolio, you will be monitoring and controlling the portfolio a.long with the related stakeholders and governance bodies. This is done as part of your role in portfolio oversight. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Provide Portfolio Oversight Process?

A. Balance the portfolio for performance and value delivery

B. Make Governance Decisions

C. Allocating resources to develop component proposals or execute portfolio components

D. Create an up-to-date list of qualified portfolio component

Correct Answer:B

Question 12

In your diversified chicken products company, your portfolio of components in progress consists of approximately 175 programs, projects, and other work. Generally, at each Portfolio Review Board meeting, about 35 new proposals are reviewed to see if they should be part of the portfolio. As the portfolio manager, you have set up categories for these components. They are useful to facilitate portfolio optimization because:

A. They use filtering to eliminate certain components from consideration

B. They help identify the components that meet requirements for consideration

C. They serve as key evaluation criteria

D. They address organizational strategy and objectives

Correct Answer:D

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