PMI PfMP Exam Questions Instant Access - No Installation Required

Question 1

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. When it comes to risk tolerance definition, which of the following is the correct one?

AThe confidence level of key stakeholders and executive management in the risk management activities

BThreshold or attitude of an organization towards the negative effects of risks on the organization's portfolio

CThreshold or attitude of an organization towards the positive or negative effects of risks on the organization's portfolio

DThreshold or attitude of an organization towards the positive effects of risks on the organization's portfolio

Answer : C

Question 2

Portfolio Prioritization Model is included in the Portfolio management plan and guides the ongoing decisions as to which portfolio components should be added, terminated, or changed; which of the following is correct regarding the Prioritization Model purpose and content?

AAll of the options

BEnsures benefits are comprehensively and holistically taken into consideration

CContains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment risks, and dependencies

DEstablishes and tailors the decision-making rights and authorities

Answer : C

Question 3

As a portfolio manager and as part of your governance role, you use multiple tools and techniques to monitor and control the portfolio and maintain oversight. Which of the following can be used as tools and techniques in your role in oversight?

AReview meetings, Elicitation techniques, Integration Management

BReview meetings, Elicitation techniques

CReview meetings, Elicitation techniques, Scenario Analysis

DReview meetings, Elicitation techniques, PMIS

Answer : B

Question 4

Your company acquired another company. The sponsor asked you to check the other company's current inventory of work and see what could be added to your current portfolio. You have a meeting coming up to show the sponsor the portfolio dependencies. Which document should you be showing him?

APortfolio Roadmap

BPortfolio Charter

CPortfolio Management Plan

DPortfolio Strategic Plans of both, your portfolio and the ones of the other company

Answer : A

Question 5

Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the portfolio aligned with stakeholders expectations. What is the process for soliciting requirements called?

ACommunication Requirements Analysis

BElicitation

CStakeholder Analysis

DCommunication Methods

Answer : B

Question 6

As a portfolio manager you visit and re-do the Optimize Portfolio process continuously. Which of the following, in your opinion, is the objective/purpose of the Optimize Portfolio Process?

ABalance the portfolio for performance and value delivery

BMake Governance Decisions

CCreate an up-to-date list of qualified portfolio component

DAllocating resources to develop component proposals or execute portfolio components

Answer : A

Question 7

One of the junior portfolio managers learned that she needs to perform organizational structure analysis as part of the portfolio management plan development. She does not understand why and she came to you for advice. What is your advice to her?

APortfolio Management roles and responsibilities are defined based on this analysis

BThis analysis, along with the analysis of the portfolio structure from the charter, help in the selection of strategically aligned portfolio components

CThis analysis will help in prioritizing the portfolio

DThis analysis is part of the develop strategic plan and not develop portfolio management plan

Answer : A

PMI Portfolio Management Professional PfMP Exam Questions