PMI Portfolio Management Professional (PfMP) - PfMP Exam Practice Test
Assume your consulting company tried portfolio management in the past, but it was not embraced. Instead, people received bonuses if they were able to acquire new work regardless if it fit the company's strategic plan. However, the company was sold, and the new executive team asked you to be the portfolio manager. You explained it did not work in the past, but the new team has pointed
Correct Answer: C
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Your company changed its executives due to the lack of benefits realization and previous corruption issues. The new management has informed you that as of now, this will not change any process in the portfolio and everything will remain the same. However, only the risk tolerance for the organization will be impacted, what will you do as a portfolio manager?
Correct Answer: B
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A portfolio manager is executing a portfolio when there is a change to the organizational strategy.
After a change analysis is performed, the portfolio manager wants to reflect the new vision for the components, timelines, and dependencies.
To reflect these changes, the portfolio manager should update the portfolio:
After a change analysis is performed, the portfolio manager wants to reflect the new vision for the components, timelines, and dependencies.
To reflect these changes, the portfolio manager should update the portfolio:
Correct Answer: B
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The above figure shows the relationship between supply and demand. Which area do you want to minimize?
Correct Answer: C
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Portfolio management processes are performed in an environment broader than a portfolio; therefore, an organization-level implementation team supported by executive management, a governing body, and portfolio managers join forces to implement organization-level portfolio management processes. After Defining roles and responsibilities for portfolio management process implementation, what should be the FIRST next step?
Correct Answer: B
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Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. Which of the following are common risk concerns across the organization?
Correct Answer: D
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Recently you proposed a governance model to keep track of project status in an organization. An executive is worried that the team did not like the governance model, and productivity decreased.
What should you do first?
What should you do first?
Correct Answer: D
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Recognizing that different components can have different types of risks, you decide to see how each risk affects the components. For example, assume you have identified a structural risk as overly ambitious plans and determine this risk affects three of the top five risks in your portfolio.
You also have identified an environmental risk, in terms of whether the component will promote the organization's vision, which affects two components. Each component then has some other types of risks that affect it. From such an analysis you can see:
You also have identified an environmental risk, in terms of whether the component will promote the organization's vision, which affects two components. Each component then has some other types of risks that affect it. From such an analysis you can see:
Correct Answer: B
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Multiple communication methods are used by the portfolio manager in order to proactively convey messages and engage the stakeholders at the right time and in the right manner. Which tool is used to visually convey multiple messages at the same time?
Correct Answer: D
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You are the manager for a governmental portfolio aiming to restructure the roads in your country.
Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you are developing a robust performance management plan. What can you use to help you start developing this plan?
Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you are developing a robust performance management plan. What can you use to help you start developing this plan?
Correct Answer: B
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