PfMP PMI Exam Questions and Free Practice Test

Question 25

As a portfolio manager and in the aim of defining the preliminary list of components to be included in your portfolio, which will serve as a starting point for developing a portfolio. You start by identifying existing and potential portfolio components by reviewing documentation such as business plans/proposals in order to

A. Create a basis for decision making

B. Create portfolio scenarios

C. Provide a guiding framework to operationalize the organizational strategic goals and objectives

D. Understand the strategic priorities

Correct Answer:B

Question 26

As a portfolio manager, you have been reporting the progress, status and performance regularly and you have been doing a good job so far. Reports are the primary documents to communicate portfolio status and be able to balance the mix of portfolio components to best align with objectives. When it comes to optimizing a portfolio, how can risk reports be used?

A. To be able to analyze occurred risks and cancel any component who has an increased risk

B. To be able to define the organization risk tolerance and update the Strategic Plan accordingly

C. To know about major risks and occurred issues in relation with the portfolio components

D. To assess achieved value and the confidence level in it

Correct Answer:C

Question 27

Your CEO is keen to know the expected value of multiple components that interest him and wants you to give him a comparison of the expected value across components. You are currently looking for a tool to facilitate comparison of expected value across components and support informed portfolio decision making. What are you looking for?

A. Manage Portfolio Value

B. Portfolio Strategic Plan

C. Value Measurement Framework

D. Portfolio Process Assets

Correct Answer:C

Question 28

As part of the new strategic direction, the executive management has decided to create a portfolio for the development of a new product. You have been assigned as the portfolio manager. What should you do as a first step?

A. Update the Strategic Plan

B. Update existing portfolio

C. Develop the Strategic Plan

D. Check existing portfolios, programs and projects

Correct Answer:D

Question 29

Each time the Portfolio Governance Group meets the goal is to review the existing components and any that are proposed to ensure the portfolio has the best mix to attain strategic objectives. As the portfolio manager, you find these meetings, if facilitated accordingly, are effective decision-making sessions. However, you tend to have open issues after every meeting. These open issues:

A. Should be tracked in an issue register

B. Are managed as described in the charter

C. Are considered portfolio process assets

D. Require an owner to manage them until they are closed

Correct Answer:C

Question 30

A portfolio manager on one of the major sub-portfolios in your portfolio has tendered his resignation and gave you a 2 months notice. This unexpected change will require you to take immediate action with the governance board. Which of the following processes will be handling this situation?

A. Manage Portfolio Risk

B. Provide Portfolio Oversight

C. Manage strategic change

D. Manage Supply & Demand

Correct Answer:B

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