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Reference: https://www.pmi.org/certifications/portfolio-management-pfmp
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PMI Portfolio Management Professional (PfMP) Sample Questions:
A project is aligned with organizational strategy and offers a high financial return on investment.
Why should this project still be lower in priority than other projects?
- A. This project requires a high level of effort.
- B. This project has a high level of complexity.
- C. This project has high cost.
- D. This project has a high level of risk.
Correct Answer: D 🗳️
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to optimizing portfolio, what is the purpose of using this analysis?
- A. To study the capability of resources, match them against the portfolio's objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands
- B. It enables the organization to achieve maximum portfolio benefits given current resource constraints
- C. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio
- D. Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components
Correct Answer: B 🗳️
You have proposed a portfolio governance model to your company, but an executive told that the current culture might not be flexible enough to change the organizational structure. What kind of risks did the executive raise?
- A. Cultural risk
- B. Portfolio risk
- C. Execution risk
- D. Structural risk
Correct Answer: D 🗳️
An urgent review meeting was set due to the discovery of multiple risks which can have drastic effects on the portfolio. As a result of the meeting, it was agreed to increase the portfolio budget and add more resources in order to manage the new risks. Which of the following documents needs to be updated as a result of this decision?
- A. Portfolio Process Assets updates
- B. Portfolio Management Plan updates
- C. Portfolio updates
- D. Portfolio Reports
Correct Answer: B 🗳️
Your goal as a portfolio manager is to develop a strong communications management plan to keep interested stakeholders informed about your progress in portfolio management. Although you have reached out to numerous stakeholders, you know other portfolio processes also can help in this process such as:
- A. Performance
- B. Governance
- C. Strategy
- D. Finance
Correct Answer: A 🗳️
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