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Last Attempt PfMP Questions

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Total 495 questions

Portfolio Management Professional (PfMP) Questions and Answers

Question 45

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?

Options:

A.

Portfolio Process Assets

B.

Portfolio Management Plan

C.

Portfolio Strategic Plan

D.

Portfolio Charter

Question 46

As a portfolio manager you will use a variety of artifacts and documents that will help you better manage the portfolio and better communicate progress and status with stakeholders. The roadmap is considered the most used document in the portfolio and eases your work being able to present the status on a single graphical representation. Early on during the portfolio lifecycle, you prepare the roadmap. An output of this process is

Options:

A.

Portfolio update, Portfolio Charter update, Portfolio Roadmap

B.

Portfolio Roadmap

C.

Portfolio update, Portfolio Roadmap

D.

Portfolio Charter update, Portfolio Roadmap

Question 47

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 continuously report risks and issues to stakeholders. One of the key stakeholders is furious as he cannot find an issue that has occurred a week ago in the risk register. What should you do in this case?

Options:

A.

Inform the stakeholder that risk that have occurred are removed from the risk register and not used anywhere else

B.

Inform the stakeholder that issues are risks that have occurred and are tracked as part of the issue register

C.

Inform the stakeholder that you will directly fix this and include it in the risk register

D.

Inform the stakeholder that when positive risks occur they become realized opportunities and when negative risks occur they become realized threats

Question 48

only, which has diversified its product line significantly in the last two years to keep up with its leading competitor located in a different state. Your executive management team learned the other cereal company had implemented portfolio management from a contractor and believes it is essential since the economy is struggling, and resources are constrained. Your first step has been to identify the existing operational work, projects, and programs as well as to learn about proposed components of the portfolio. This list:

Options:

A.

Was easy to obtain as you used what was available from the Enterprise Program Management Office

B.

Is part of the portfolio strategic plan

C.

Was gathered through interviews with people from each business unit

D.

Was prepared through questionnaires and the use of cross-functional focus groups

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Total 495 questions