Home - PfMP Practice Exam - Page 32 PfMP Practice Exam PfMP Practice Exam Subscribe Question 1: To establish whether it is advantageous to enter a new market, thorough research is necessary. Let's say you want to provide your company sponsorship for a new product line. You are advocating for it to be included in the portfolio. You've finished analyzing the market and your competitors. You also choose to make sure the capacity is available by: Ascertain the necessary resource loading Use the Delphi technique Evaluate the capacity of available assets Prepare a histogramQuestion 2: As you engage in the process of gathering information for your portfolio, what are the tools and techniques that you may use? Elicitation Techniques, Portfolio reports, Communication Requirements Analysis, Communication Methods Elicitation Techniques, Portfolio Management plan, Communication Requirements Analysis, Communication Methods Elicitation Techniques, Portfolio Management Information System, Communication Requirements Analysis, Capacity, and capability analysis Elicitation Techniques, Portfolio Management Information System, Communication Requirements Analysis, Communication MethodsQuestion 3: You are a portfolio manager of one of KSA’s PIF strategic portfolios aligned with Vision 2030. Based on the aggregated performance data for one of your components provided below, what could you tell about the current progress? No information can be drawn from this data The Portfolio is late and spent less than planned The Portfolio is early and spent less than planned The portfolio is ahead of schedule and spent more than plannedQuestion 4: Your portfolio underwent a regulatory adjustment because of new federal laws. What is the best way for you, the Portfolio Manager, to handle the portfolio considering these recent changes? Meet with your component managers to analyze the impact of this change on the whole portfolio Submit the changes to PGB for approval. Submit a change request to proceed with new changes Update Portfolio Risk RegisterQuestion 5: You manage the Oilfield Development portfolio in your capacity as a portfolio manager. The portfolio is developing as anticipated, and overall, the Portfolio Governance Board is happy with the portfolio's ability to generate value in the form of more benefits rates. How is risk management carried out at the portfolio level? Maximize positive risk Minimize negative risk Accept risk within the organization’s risk tolerance Manage Black Swan risksQuestion 6: As the Portfolio Manager, you have been tasked with developing a strategy for the portfolio. Which of the following inputs goes toward creating the Portfolio Charter? Portfolio Portfolio Strategic Plan Portfolio Roadmap Organizational Strategy and ObjectivesQuestion 7: Developing performance metrics to measure portfolio performance, defining the portfolio value, and managing resources are the activities performed under the Develop Portfolio performance management plan. Although the performance metrics defined during this process include the tangible and intangible measures. Which of the following is an example of tangible measures? Legal and regulatory compliance Degree of strategic alignment Percentage by which cycle times are reduced due to the portfolio Sustainability and corporate responsibility.Question 8: Your NYC company is known for giving up opportunities and new ideas in favor of safe investment and steady profit. On which side of the Efficient Frontier curve is it located? Above the curve Below the curve Left part of the curve Upper right part of the curveQuestion 9: In stakeholder analysis, the stakeholder matrix is used to guarantee the success of the portfolio, what information is each stakeholder interested in knowing, and what kind of communication they anticipate. Which stakeholder groups expect to be informed of any changes to the portfolio as well as risks and issues? Portfolio Sponsors Portfolio Component Teams PMO Portfolio GovernanceQuestion 10: The benefits realization planning drills down on the expected benefits for a given portfolio of projects or programs, and details how they will be measured, who will measure them, and when they are measured. Does benefits realization planning accomplish all of the following except? Historical data on the actual benefits of previous portfolios can help management make informed decisions when prioritizing current components. Allows the portfolio's governing bodies to evaluate the expected net benefits of a given portfolio or portfolios to prioritize portfolio efforts Helps to ensure that the benefits of a given portfolio are clearly defined for the stakeholders Documents benefits in such a way that they can be easily measured and evaluated during the course of managing the portfolioQuestion 11: Forgetting to meet the needs of just one influential and powerful stakeholder at a critical time can ruin portfolio components. Stakeholder analysis includes classifying stakeholders and assigning their levels of influence. What should you do next? Conducted stakeholder analysis to determine each stakeholder's degree of interest and urgency in communication Perform stakeholder group classification into internal and external groups Update portfolio process assets Decide the type and frequency of reports for each stakeholderQuestion 12: Two years have passed on your portfolio, and a new governance board member joined your portfolio and would like to know what provides the portfolio structure including the hierarchy and the organization of the portfolio, programs, projects, and operations. What are you going to give him? Portfolio Strategic plan Portfolio roadmap Portfolio Charter Portfolio Management PlanQuestion 13: Which section of the portfolio management strategy will give specifics on how portfolio components are allocated for financial, human, material, or equipment resources and how portfolio value is defined? Oversight Governance model Change control and management Performance Management PlanQuestion 14: As the portfolio manager for the city development portfolio. Most of the key stakeholders are satisfied with the portfolio due to increasing market share, and the portfolio is developing as anticipated. Which analysis assesses the impact of one or more portfolio factors? Performance analysis Market payoff analysis Trade-off analysis Time-to-market analysisQuestion 15: Which input will you use to obtain the Portfolio Risk Register and Portfolio Issue Register when creating the Portfolio Risk Management Plan? Organization Process Assets Portfolio charter Organization inventory of work Portfolio Process AssetsQuestion 16: What is the purpose of submitting a proposal for a new portfolio component using the standard set of key descriptors, when providing a proposal for a new portfolio component or a change to an existing portfolio component? Ensure that all portfolio components are aligned with portfolio vision Ensure that all portfolio components are comparable Ensure that all portfolio components are categorized Ensure that all portfolio components are optimizedQuestion 17: What is the type of relationship that a portfolio has with its components? Child-parent relationship Interdependence relationship Parent-child relationship Funding relationshipQuestion 18: Prior to the performance of portfolio resources being incorporated into the portfolio performance management strategy, resource capacity may be examined. Which tools make it simple and quick to determine the capacity and capability of a resource? Resource schedules Resource management tools Resource histogram Resource typesQuestion 19: In SUDAPET's portfolio, you are the Portfolio Manager. As part of the Portfolio Execution process, you are defining the metrics to measure the portfolio benefits and value towards the organization's goals. In the process of defining portfolio performance management plans, which of the following activities is covered? Component Performance and Resource Management Portfolio Performance and Resource Management Portfolio Value and Component Resource Management Program Value DeliveryQuestion 20: Instead of being mechanical and inflexible, structures will be more organic and ever-evolving. Organizations will be forced by the pandemic to reassess their goals as well as their operational and strategic models. Organizations will try to implement flexible, responsive, and easily adjustable architectures. As a result, The COVID-19 pandemic has caused your organization to veer off course, necessitating a revision of its aims and objectives. Which tool and technique from portfolio management can be applied in this process? Gap Analysis Prioritization Analysis Optimization of Portfolio Portfolio Component InventoryEmailSubmit The Most In-Demand Project Management Certifications for 2025 and Beyond Dec 24, 2019 | BlogThe Most In-Demand Project Management Certifications for 2025 and Beyond Top Risk Management Certifications in 2025: Boost Your Career with PMI-RMP, FRM, CRM & More Dec 24, 2019 | BlogTop Risk Management Certifications in 2025: Boost Your Career with PMI-RMP, FRM, CRM & More PMI-PBA® Certification: Unlocking Career Growth Through Business Analysis Dec 23, 2019 | BlogPMI-PBA® Certification: Unlocking Career Growth Through Business Analysis Next Entries »
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