PMI PfMP Exam Questions Instant Access - No Installation Required

Question 1

Each time a strategic change occurs, it requires a number of updates, and it includes the need to update the portfolio process assets including:

ATimelines

BPrioritization model

CLessons learned

DCommunication requirements

Answer : C

Question 2

While defining the portfolio, the portfolio manager uses a set of evaluation criteria in order to generate a list of portfolio components for optimization and balancing. Which of the following is not an evaluation criteria?

ATechnology capabilities and capacities

BCosts

CBenefits, financial and non-financial

DCustomer

Answer : D

Question 3

Having worked in portfolio management before, you are pleased you were selected to implement it and be the portfolio manager for your motorcycle company, well known throughout the world. As it is a new function, you worked with the Enterprise Program Management Office to ensure you had a complete inventory of the work in progress. Now as you prepared your various portfolio management artifacts, and have a Portfolio Review Board meeting upcoming in two weeks, sponsors will be proposing new components. This means:

AA master schedule of resource allocation is needed

BThe meeting also should focus on reviewing existing components to see if they are aligned with current strategy

CPeople throughout the organization should know about this meeting and its decisions

DThe meeting should have a set agenda, and each member should be contacted before it to learn of key issues

Answer : A

Question 4

While managing the portfolio value, it is important to know the different roles of responsibilities and accountabilities for the actual benefits realization in order to be able to aggregate the correct value from different components; in which document are these roles and responsibilities mentioned?

APortfolio Process Assets

BPortfolio Management Plan

CPortfolio Strategic Plan

DPortfolio Charter

Answer : B

Question 5

As you prepare your communications management plan you realize that stakeholder requirements may change over time, and these changes then will need to be reflected in updates to the plan. As the plan defines the overall communication process not only for gathering information but also in determining recipients of it, it also:

ASets expectations for the project team members

BDescribes how and when to effectively conduct lessons learned meetings

CEnsures continued confidence by all stakeholder groups as to their importance

DSets expectations for effective stakeholder engagement

Answer : A

Question 6

As part of the portfolio management plan, you have the "Manage Strategic Change" and the "Change Control and Management". This is causing issues to one of your team's junior portfolio managers as she cannot understand the difference. In your opinion, what is the difference between both?

AThere is no difference; they both refer to the same document

B'Manage Strategic Change' enables managing changes to strategic direction; and the 'Change Control and Management' defines the process for change management activities during portfolio execution

C'Manage Strategic Change' is the detailed process of 'Change Control and Management'

D'Change Control and Management' manages changes to strategic direction; and the 'Manage Strategic Change' defines the process for change management activities during portfolio execution

Answer : B

Question 7

In preparing your communications matrix, you identified five communication areas. One is portfolio governance decisions. A communication vehicle for these decisions is:

AE-mails

BScorecards

CInternal portal

DPMO repository

Answer : C

PMI Portfolio Management Professional PfMP Exam Questions