PfMP PMI Exam Questions and Free Practice Test

Question 37

With the increasing use of drywall, your company, which has been in the plaster business for over three generations, is finding it harder to maintain a share of the market and to achieve a positive return on its investments. Three years ago, the corporate executives implemented a portfolio process, and they serve as the Portfolio Governance Council. They meet monthly, and after each meeting, you prepare a report of their decisions. This report is:

A. Sent to all employees in the company as it focuses on employee empowerment and involvement

B. Distributed only to the Governance Council to serve as a record of their meetings

C. Is used to authorize the portfolio

D. Is used to analyze the effects of their decisions on the company's portfolio

Correct Answer:C

Question 38

A major strategic change has occurred and you are managing the change at portfolio level. You are currently performing gap analysis and you receive information on a stakeholder that is extremely unhappy with how the change will be handled in your portfolio. What should be your best course of action?

A. Perform prioritization analysis in order to position the change with relations to other changes

B. Check the Communication Strategy matrix and ignore the stakeholder if he lies in the lower quadrants

C. Escalate the issue to steering committee before any further damage happens

D. Perform Stakeholder Analysis

Correct Answer:D

Question 39

With the introduction of new legislation in your company, anyone now is entitled to medical services regardless of whether or not they are employed or have any pre-existing health conditions. Your insurance company's executives have been tracking this legislation as it means significant changes for your company; many employers who obtained insurance through your company may go elsewhere for lower costs. Recognizing this legislation may lead to a loss of revenue, your company decided to merge with another insurance firm to obtain greater market share. This merger, though, means some existing projects may not be needed, and the workforce will be reduced by 20 percent, Such a significant change will impact how components are categorized in your portfolio leading to:

A. The need for a re-constituted oversight group

B. Portfolio rebalancing

C. A requirement to update the portfolio management plan

D. A new portfolio prioritization model

Correct Answer:B

Question 40

Assume you have been asked to prepare the portfolio management plan as you are on the staff of your company's Chief Portfolio Officer. In this plan, you will describe the different methods or approaches that your company will use to manage different types of components in the portfolio as specified in the:

A. Strategic plan

B. Governance model

C. Roadmap

D. Charter

Correct Answer:C

Question 41

During one of the management meetings, an opportunity was identified. This opportunity has a huge impact on the portfolio. What is your first action as a portfolio manager?

A. Document it in the benefits register

B. Update the portfolio management plan

C. Document it in the risk register

D. Update the portfolio roadmap

Correct Answer:C

Question 42

You are the portfolio manager in a large organization including a diversity of stakeholders. From the start, you knew the importance of correctly managing the stakeholders requirements and concerns and you grouped them in order to

A. Group stakeholders as internal and external

B. Facilitate stakeholders identification

C. Group stakeholders from the same functional area

D. Group stakeholders having same concerns and interests

Correct Answer:B

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