PfMP PMI Exam Questions and Free Practice Test

Question 49

Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. When it comes to managing portfolio risks, which of the following activities is used

A. Risk Response

B. Risk Assessment and Risk Response

C. Risk Planning

D. Risk Assessment

Correct Answer:B

Question 50

You have been asked to be the manager for a governmental portfolio, and your starting point should be tendering a strategic plan to the board for validation and approval for continuation. Which documents/artifacts do you have debuting the portfolio that you can use to develop the strategic plan?

A. Prioritization analysis, portfolio process assets, portfolio roadmap

B. EEF??s, portfolio component inventory, organizational process assets

C. Organizational strategy and objectives, inventory of work, portfolio process assets

D. Portfolio charter, portfolio roadmap, organizational strategy and objectives

Correct Answer:C

Question 51

A portfolio includes a lot of independent components with the same strategic aim. As a portfolio manager you will need to preare a qualified list of components to be used to reach the strategic goals and objectives. What input can you use in order to define the mix of portfolio components?

A. Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter, Portfolio Process Assets, Portfolio

B. Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter,Portfolio Process Assets, Portfolio Management Plan

C. Portfolio Strategic Plan, Portfolio Management Plan, Portfolio Roadmap, Portfolio Charter,Portfolio Process Assets, Portfolio

D. Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter, Portfolio Process Assets, Organizational Process Assets

Correct Answer:C

Question 52

You are currently in the process of defining a portfolio by forming the qualified list of components that will be later evaluated, selected and prioritized. What do you expect as outputs from this process?

A. Portfolio Management Plan updates, Portfolio Roadmap updates, Portfolio updates

B. Portfolio Management Plan updates, Portfolio Roadmap updates, Portfolio updates, Portfolio Strategic Plan updates

C. Portfolio Strategic Plan updates, Portfolio Roadmap updates, Portfolio updates

D. Portfolio Strategic Plan update, Portfolio Management Plan updates

Correct Answer:A

Question 53

Assume you are a functional manager in your medical device company in research and development. Your scientists have determined a new product that will be a breakthrough for the company, and you want to serve as the sponsor for this component and present it to your Portfolio Review Board. You will need resources from other parts of the company to commercialize it. As you prepare your proposal you are following the key descriptors set up by the portfolio staff and will include:

A. Risk reduction

B. Regulatory and compliance issues

C. Internal and external dependencies

D. Qualitative benefits

Correct Answer:D

Question 54

A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The sponsor has asked you to analyze the change and update the needed documents. You managed this change and are currently updating the Portfolio Management Plan. Which of the following are part of this update

A. Portfolio Organizational Structure

B. Communication and Performance Management

C. Stakeholder Engagement

D. All of the options

Correct Answer:D

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