[Aug 26, 2022] New Real PfMP Exam Dumps Questions
Pass Your PfMP Exam Easily with Accurate Portfolio Management Professional (PfMP) PDF Questions
NEW QUESTION 145
You have been asked to manage a major portfolio in order to salvage the company and and re-align it with the strategic objectives and goals. You decided to develop the strategic documents and are currently developing the charter. As a portfolio manager, which of the following would be your answer when asked of the purpose for the development of portfolio charter?
- A. Develop portfolio structure
- B. Start the development of Portfolio Management plan and all of its subsidiary plan
- C. Authorize portfolio components
- D. Execute portfolio management processes
Answer: D
Explanation:
Explanation
The portfolio charter is produced through this process to authorize the portfolio manager to apply portfolio resources to portfolio components and to execute the portfolio management processes. The structure is developed during this process, however it is not the purpose of it
NEW QUESTION 146
In your portfolio some of the programs and projects that are being pursued will realize benefits throughout the program and project's life cycle, while others will not realize the benefits until the program or project is closed or years later. This means as the portfolio manager, you should:
- A. Include portfolio benefits, results, and expected value in the portfolio strategic plan
- B. Prepare a portfolio benefit realization plan
- C. Distribute regular reports on benefit realization as part of the portfolio communications management strategy
- D. Set up KPIs to document progress in benefit realization
Answer: A
NEW QUESTION 147
Your Portfolio Review Board is scheduled to meet in a week. Resources only are available to support one project, and detailed business cases have been prepared for two of them. Your company has a policy of being risk adverse. Based on the following table, which project would you recommend to the Board, and what else would you mention to them?
- A. Project B but other qualitative items are not available
- B. Project B and it has less risk associated with it
- C. Project A as the benefits will be realized in a shorter time period
- D. Project A and it has less risk associated with it
Answer: A
NEW QUESTION 148
Due to multiple occurrences of risk realization, the CEO has asked you to re-assess the portfolio risks once again. Up to what level in the organization do you go when you need to assess risks?
- A. Operational
- B. Functional
- C. All Organizational Levels
- D. Internal to the portfolio
Answer: C
Explanation:
Explanation
Risks are external and Internal and tend to span across all organizational levels. When a portfolio manager needs to assess risks, he/she will need to pass by all organizational levels
NEW QUESTION 149
Your organization, a leading restaurant focusing on pancakes, is seeking to expand its portfolio. It is interested in ensuring new components support: return on investment, customer satisfaction, reputation enhancement, and branding. These four areas represent:
- A. Critical success factors
- B. Organizational value areas
- C. Metrics
- D. Organizational strategic objectives
Answer: B
NEW QUESTION 150
You have set a series of meetings with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. As a result you have defined and developed the portfolio strategic goals, near-term budgets, and plans, and you now want to start managing ongoing portfolio activities. What is the focus of what you are doing?
- A. Initiating the portfolio
- B. Authorizing the portfolio
- C. All of the options
- D. Achieving Results
Answer: D
Explanation:
Explanation
The Aligning Process Group is most active after the portfolio organization has defined and developed its strategic goals, near-term budgets, and plans. Traditionally, these activities are used to manage ongoing portfolio activities. The focus of the Aligning Process Group is achieving results. Some of those results are updated in the portfolio assets This group determines how portfolio components will be categorized, evaluated, selected for inclusion, modification, or elimination, and managed in the portfolio. This is done in order to deliver benefits and achieve results.
NEW QUESTION 151
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. You are currently in the process of identifying and analyzing risk, in addition to developing risk responses and monitoring and controlling risk. Which documents can help you achieve this?
- A. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors, Portfolio, Portfolio Reports
- B. Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
- C. Portfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise Environmental Factors
- D. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio
Answer: A
NEW QUESTION 152
As a portfolio manager, you realize the importance of communication for the success of a portfolio. You are now developing the portfolio management plan and are looking for the portfolio current risks status including high risks. Which of the following contains what you are looking for?
- A. Portfolio Process Assets
- B. Portfolio Management Plan
- C. Portfolio Charter
- D. Portfolio Reports
Answer: A
NEW QUESTION 153
While planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes; which of the following tools determines the effect of changing one or more factors?
- A. Market Payoff variability
- B. Budget Variability
- C. Performance variability
- D. Trade-Off Analysis
Answer: D
Explanation:
Explanation
Trade-Off analysis determines the effect of changing one or more factors
NEW QUESTION 154
A problem related to internal corruption has occurred in your company. The CEO has setup a new management team and had to do budget cuts until the situation is stabilized. Your portfolio is highly affected by this budget cut and you were obliged to cancel a few components. What is your best course of action in this case?
- A. Prioritize components and assign the available resources to them
- B. Do not cancel components; and request additional budget from the management
- C. Raise the issue to the sponsor so he can get you additional resources
- D. Cancel the components that are not performing well
Answer: A
NEW QUESTION 155
As the Director of the Portfolio Management Office at your worldwide furniture store, you prepare a series of reports on the status of the portfolio. One report that you use is a bubble diagram. In using it in terms of resource supply and demand, you should structure it to show:
- A. Resource importance and probability of success
- B. Resource competency and component probability of success
- C. Required resources and available resources
- D. Resource availability and life cycle phase
Answer: C
NEW QUESTION 156
Your organization, given the economic downturn in your country, decided to reduce its staff by 90% and outsource all operational activities including those of program and project managers and their teams. It has, however, retained the portfolio manager, and it has a Portfolio Review Board comprised of senior executives that meets monthly. Since outsourcing is the norm and not the exception, the manager of Procurement and Contracting is a major stakeholder. Her areas of interest are:
- A. Financial standing
- B. Benefits and outcomes toward strategic goals
- C. Change decisions
- D. Overall portfolio performance
Answer: A
NEW QUESTION 157
As part of the new strategic direction, the executive management has decided to create a portfolio for the development of a new product. You have been assigned as the portfolio manager. What should you do as a first step?
- A. Develop the Strategic Plan
- B. Check existing portfolios, programs and projects
- C. Update existing portfolio
- D. Update the Strategic Plan
Answer: B
Explanation:
Explanation
This is important to know, the first step of every portfolio is checking the inventory of work which relates to the existing portfolios, programs and projects
NEW QUESTION 158
Risk is inherent in all activities and managing risk is critical to a successful portfolio. Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. When it comes to Portfolio management, which of the following is a risk concern?
- A. Reporting and data accuracy
- B. Time, cost and scope commitments
- C. Issues with Product development
- D. Time to market
Answer: A
NEW QUESTION 159
Chartering the portfolio is an important step towards the initiation of the endeavor. It authorizes the portfolio managers to use the resources and marks the first step towards the allocation of resources to the components upon their initiation. Which of the below can help you while developing the charter?
- A. Scenario Analysis, Capability & Capacity Analysis
- B. Gap Analysis, Readiness Assessment, Stakeholder Analysis
- C. Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory
- D. Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis
Answer: A
NEW QUESTION 160
The company's management is not happy with the bared risk for the expected Portfolio value return and has reached a subject matter expert to try to re-align the risk level with the management expectations. The expert stated that it is preferable to diversify the portfolio components in order to get more results. In that case, you
- A. Agree with the expert because diversification in a portfolio may allow for the same portfolio expected return with reduced risk
- B. Disagree with the expert because diversification will bring more complexity, thus more risks
- C. Agree with the expert because he is the expert and you should abide by his recommendations
- D. Disagree with the expert because the company should have came to you before reaching an outside-party
Answer: A
Explanation:
Explanation
Diversification allows for the same portfolio expected return with reduced risk
NEW QUESTION 161
During one of the management meetings, an opportunity was identified. This opportunity has a huge impact on the portfolio. What is your first action as a portfolio manager?
- A. Update the portfolio management plan
- B. Update the portfolio roadmap
- C. Document it in the benefits register
- D. Document it in the risk register
Answer: D
Explanation:
Explanation
The scenario targets the "Manage Portfolio Oversight" process and specifically the output that documents the results. Portfolio reports documents the identified risks and issues as results from this process. Opportunities and Threats are both to be documented in the risk register. A risk owner is then identified to be accountable of it. Other options are not relevant
NEW QUESTION 162
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