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Free PfMP Questions Attempt

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Total 495 questions

Portfolio Management Professional (PfMP) Questions and Answers

Question 61

Assume you recently were hired to be the first portfolio manager at the leading producer of soft drink beverages. While the company is well known for one product, it wants to be the leader in other products and services as well. When you were hired, you told the CEO it would take time to fully implement portfolio management, and you first would prepare a number of artifacts. He set up a Portfolio Review Board, and its members are reviewing your work. As they reviewed the portfolio management plan, one of the members suggested you prepare an in-depth portfolio performance plan. Your first step is to:

Options:

A.

Align strategic management to the goals and objectives

B.

Review the prioritization model

C.

Assess the risk profile

D.

Review portfolio goals

Question 62

As a portfolio manager you need to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. One of your key stakeholders came to you asking to skip the manage supply and demand process as you have already prioritized and allocated resources through the strategic management and the governance processes. As a portfolio manager you should

Options:

A.

Raise this to the steering committee for approval

B.

Skip the step as the stakeholder is correct and you can always re-do the process as part of managing a strategic change

C.

Continue work and ignore the stakeholder's request as this stakeholder is known to resist change and hates collaboration

D.

Continue your work and perform the manage supply and demand process

Question 63

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 developing the risk management plan. Which of the following activities will you be performing?

Options:

A.

All of the options

B.

Risk Response

C.

Risk Assessment

D.

Risk Planning

Question 64

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:

Options:

A.

Prepare a portfolio benefit realization plan

B.

Set up KPIs to document progress in benefit realization

C.

Include portfolio benefits, results, and expected value in the portfolio strategic plan

D.

Distribute regular reports on benefit realization as part of the portfolio communications management strategy

Page: 16 / 19
Total 495 questions