PfMP PMI Exam Questions and Free Practice Test

Question 43

Over the years, your organization has grown significantly as it has entered new markets while maintaining its presence in its traditional product line of security systems. The company now has eight different business units rather than three, which was the case only two years ago, and it set up funding originally such that it was only allocated to one business unit and could not be transferred to others. At the recently held Portfolio Oversight Committee meeting, five business units did not add components, but some were completed. The other three added a number of programs and projects, which were authorized. Now funding for these new components is an issue. This means:

A. Another Committee meeting is required to focus on the funding problem

B. The sponsors of the newly authorized components need to work with their business units to determine how funds will be allocated

C. The three business units need to evaluate their portfolios and recommend termination of some components to the Committee

D. Changes are required as to how funds are allocated

Correct Answer:D

Question 44

Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. Multiple risks have already been spotted in your portfolio and you are now identifying, assessing and developing risk response plans for them, in addition to monitoring and controlling them. What are you looking for? You were finding this hard at first however you asked the help from a senior portfolio manager and he redirected you to use

A. Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization

B. Weighted Ranking and scoring techniques, Quantitative & Qualitative Analysis

C. Capability & Capacity, Weighted Ranking and scoring techniques, Graphical Analytical methods, Quantitative & Qualitative Analysis

D. Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis

Correct Answer:B

Question 45

As the Director of Human Resources, you were pleased to be asked to join the Portfolio Steering Committee in your organization as you feel you can contribute given the scarce subject matter experts as your company begins to enter a new market in children's toys rather than its main focus on video games and apps. Children's toys will represent a new portfolio in the company. However, while you will concentrate primarily on the resource allocation issue as you work to determine the types of projects and programs to pursue, it is important as well to recognize that:

A. External procurements may be needed to acquire the SMEs

B. The budgets allocated for day-to-day activities may be impacted

C. The existing portfolio's prioritization criteria will definitely require changes

D. The benefits from existing programs under way may not be realized

Correct Answer:B

Question 46

Working to best optimize resource supply and demand in your telecom company, authorized components are prioritized to help in resource allocation. This means as you work to do so, you need to review the portfolio because:

A. It provides guidance in terms of recommendations if there are changes in strategy and resource availability

B. Resource requirements are balanced according to the resource pool

C. Components are not authorized unless resources are available to support them

D. Sponsors assess resource requirements and their availability before proposing a component to be in the portfolio

Correct Answer:B

Question 47

As part of developing the Communication Management Plan, a portfolio manager executes the Communication Requirements Analysis, in addition to Stakeholders Analysis. Which of the following options in your opinion is a result of the Stakeholders Analysis?

A. All of the options

B. Communication Matrix

C. Communication Strategy matrix

D. Elicitation technique

Correct Answer:D

Question 48

Values assist in guiding actions, evaluations, and decisions. Assume your organization is considering entering into a consortium to produce a heliumcontrolled car. Once the helium is supplied, additional amounts will not be needed. The car is to be personally appealing with a focus on an inexpensive cost to increase marketability. The consortium will enable each firm to capitalize on the expertise of the other firms in it, but the customer will view it as a separate entity. If your organization enters into the consortium, it must justify the value to the portfolio of doing so. In addition to ensure benefits are realized a focus is needed on:

A. Organizational value

B. Sustainable value

C. Managerial value

D. Employee value

Correct Answer:C

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