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Total 495 questions

Portfolio Management Professional (PfMP) Questions and Answers

Question 5

During the portfolio lifecycle, components will be authorized, initiated, executed and closed accordingly. For authorizing the portfolio, as a program manager you will use which of the Which of the following tools and techniques?

Options:

A.

PMIS, Authorization techniques, Scenario Analysis

B.

PMIS, Authorization techniques

C.

Authorization techniques, Scenario Analysis

D.

PMIS, Authorization techniques, Review Meetings

Question 6

Assume you are managing the corporate portfolio for your company noted for many products primarily focused on farm equipment. Recently it has diversified into other markets especially with the economic downturn in the country. While many of the traditional products are in the portfolio as new features are added to enhance customer satisfaction, one of the new product lines is a high-profile program that is ranked number five in the corporate portfolio. As the portfolio manager, you know this program has several interdependencies with other projects and programs, and recently this high-ranked program has experienced difficulties as needed technology is not available externally, and internal staff lacks the needed competencies to develop it. Its termination will be discussed at Friday's Portfolio Board meeting. You plan to discuss these interdependencies as part of your responsibilities in:

Options:

A.

Resource allocation

B.

Portfolio balancing

C.

Financial management

D.

Risk management

Question 7

Management practices are leveraged by organizational resources and as a portfolio manager, you realize that the correct management of supply and demand with relation to organizational resources is crucial to the success of a portfolio. Which of the following is not an organizational resource?

Options:

A.

Program and project managers

B.

None of the options

C.

Funds

D.

Assets

Question 8

Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. When it comes to Managing portfolio risks, a risk owner, along with the portfolio manager, should select the strategy or mix of strategies most likely to be effective. Which of the following may be the responsibility of a risk owner when it comes to managing risks?

Options:

A.

Select primary and alternative strategies

B.

Make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions

C.

All of the options

D.

Develop contingency plans and identify the conditions which trigger their execution

Page: 2 / 19
Total 495 questions