PDF (New 2022) Actual PMI PfMP Exam Questions
Dumps Moneyack Guarantee - PfMP Dumps UpTo 90% Off
NEW QUESTION 145
You have just finished a major checkpoint in your portfolio and the portfolio has to undergo several changes in order to re-align with the strategies. One component of your portfolio has been cancelled and the resources are going to be reallocated to other components. Which process does these activities?
- A. Manage Portfolio Oversight
- B. Manage Supply & Demand
- C. Optimize Portfolio
- D. Authorize Portfolio
Answer: D
Explanation:
Explanation
The purpose of the "Authorize Portfolio" process is to activate selected portfolio components by allocating resources to develop component proposals or execute portfolio components; update relevant portfolio reports such as funding updates, resource assignments, and allocations; and document governance decisions. Key activities: 1- Authorizing portfolio component proposal development or portfolio component execution. 2- Allocating resources to authorized portfolio components. 3- Reallocating funding and resources from deactivated and terminated portfolio components to activated portfolio components or the resource pools. 4- Communicating changes and decisions for the authorized portfolio components
NEW QUESTION 146
Portfolio Reports are widely used as inputs and outputs to multiple processes throughout the Portfolio Life Cycle. Which of the following is NOT part of portfolio reports?
- A. Feedback report to organizational strategy planning
- B. Updates in resources, risks/issues, value/benefits, performance, and financials
- C. None of the options
- D. Governance Recommendations
Answer: C
Explanation:
Explanation
Portfolio Reports include: Performance reports, including scorecards and dashboards; Feedback report to organizational strategy planning; Variance reports, Resource capacity and capability reports, resource utilization and resource efficiency; Funding allocated to Pf elements; Variances, analysis of the variances, and recommendations to be considered by the governing body; Portfolio risks and issues; Governance recommendations; Governance decisions; Portfolio component recommendations; Updates in resources, risks/issues, value/benefits, performance, and financials
NEW QUESTION 147
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 risks is key to success, and you are coaching your team on the same. 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 effects of portfolio velocity?
- A. Market Payoff variability
- B. Time-To-Market Variability
- C. Budget Variability
- D. Trade-Off Analysis
Answer: B
NEW QUESTION 148
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a large number of stakeholders including the public, you know that you will be managing the communication closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust communication management plan. What is expected to be found in this plan?
- A. Communication objectives
- B. Portfolio structure including a listing of the various portfolio components and other work
- C. Organization areas and organization structure
- D. Introduction (goals, objectives, strategies, and tactics)
Answer: A
Explanation:
Explanation
Communication Objective is the only option included in the portfolio communication management plan; the latter includes as well: Communication objectives; Roles and responsibilities for managing communication; Identified stakeholders; Identified stakeholder expectations; Planned methods to collect and store communication; Planned vehicles to access and deliver communication; Planned frequency, and Communication policies/constraints
NEW QUESTION 149
One of the major steps for a portfolio manager is to know which components qualify to be included in the mix of components that will achieve the strategic objectives sought by the portfolio. As a program manager, you will use a variety of methods to help you achieve this purpose. Which of the following are valid tools and techniques?
- A. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis, PMIS
- B. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis
- C. Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization
- D. Integration of Subsidiary Plans, Organizational Structure Analysis, Elicitation techniques
Answer: C
NEW QUESTION 150
One of your portfolio team members is confused on the reason behind using the three processes: Define Portfolio, Optimize Portfolio, Authorize Portfolio and Manage Portfolio value. For him, we can skip a couple of processes. He came to you for advice. What should be your response to him?
- A. He is right, processes can be skipped if you want to do the other ones
- B. The processes are part of the standard for portfolio management and should not be skipped
- C. The processes are similar and can be skipped. The reason they exist in the standard is to cover the define, align, and monitor and control process groups
- D. The processes are not similar and they are interrelated, they are continuously executed throughout the portfolio life cycle
Answer: D
NEW QUESTION 151
When initiating portfolio components and terminating other, you come up with updates to budget, funding and resources allocations. Where should these updates be recorded?
- A. Portfolio Updates
- B. Portfolio Management Plan updates
- C. Portfolio Process Assets updates
- D. Portfolio Reports
Answer: D
NEW QUESTION 152
Your company is currently on the verge of bankruptcy due to the lack of transparency within the organization; this alerted the CEO to take decisive actions and request that new reporting lines be established in order to be fully transparent. Following this, the portfolio structure has changed to cope with the new reporting lines.
Where is this change reflected when it comes to portfolio documents?
- A. Portfolio Charter updates
- B. Portfolio Management Plan updates
- C. Portfolio Roadmap updates
- D. Portfolio Strategic Plan updates
Answer: A
NEW QUESTION 153
When we talk about portfolios, programs and projects, it is inevitable to mention the business value which is the sum of tangible and intangible assets of an organization, also known as the net quantifiable benefit.
When it comes to business value, at which level of the organization is the pursuit of Business Value optimized?
- A. Operational
- B. Portfolio
- C. Program
- D. Project
Answer: B
Explanation:
Explanation
Portfolios optimize the pursuit of BV by choosing which initiatives to undergo and by prioritizing them to meet goals and objectives. This is why greater BV is generated through portfolios Programs improve the generation of BV by realizing benefits aligned with strategic objectives and by linking different projects together to realize greater benefits Projects optimize the delivery of BV by producing outputs for a program objective; after all, the deliverable is generated at the project level where the project manager will optimize the delivery in terms of cost, time, scope and quality.
BV is then acquired at the level of operations and normally expressed in monetary terms.
NEW QUESTION 154
When managed correctly, the balanced scorecards can change the way an organization does business.
Balanced scorecards keep focus on results. Which of the following are factors that can be targeted by the Balanced Scorecards method?
- A. Learning & Growth, Internal Process, Customer, Financial, Reward, maintenance costs, market value, supplier value
- B. Product Manufacturing, core competencies, response times, reward, shareholder value
- C. Product Manufacturing, core competencies, response times, maintenance costs, shareholder value
- D. Reward, Leveraging Skills, Leveraging Information Systems, core competencies
Answer: C
NEW QUESTION 155
Your executive management has been recently undergoing a change from a functional organization to a projectized one and is currently assessing the volume of work that the organization can execute. Which of the following tools and techniques will decide the volume of work and components that the organization can execute?
- A. Weighted Ranking and Scoring
- B. SWOT Analysis
- C. Quantitative & Qualitative Analysis
- D. Capability and Capacity Analysis
Answer: D
NEW QUESTION 156
One of your components' managers came to you stating that she cannot find a key stakeholder by email and if she cannot find him, a major decision will be delayed, thus affecting the entire portfolio. What should you, as a portfolio manager do?
- A. Tell her that she needs to escalate this issue directly to the executive management
- B. Tell her that she needs to carefully monitor this risk
- C. Tell her that she needs to try to send him one more e-mail, and in the case the problem persists, she needs to send him a formal letter
- D. Go and meet this stakeholder face to face and collaborate with him to solve this communication issue
Answer: D
NEW QUESTION 157
As vision is the desired end state, it requires specific strategies to attain it. These strategies are best achieved by establishing:
- A. Key performance indicators
- B. Outcomes
- C. Critical success factors
- D. Goals
Answer: D
NEW QUESTION 158
The Portfolio Management Office (PMO) provides support to the portfolio manager throughout the portfolio life cycle. Which of the below is not something that the PMO supports the portfolio manager with?
- A. Formulate organizational standards
- B. Formulating component management standards
- C. Define Portfolio Management standards
- D. Define Portfolio Management best practices
Answer: A
Explanation:
Explanation
The Formulate organizational standards is not part of what the Portfolio Management Office helps the Portfolio management with. Formulating organizational standards is outside of the portfolio activities, in addition the portfolio activities ensures compliance with these standards
NEW QUESTION 159
While your organization maintains a decision register after each meeting of the Portfolio Review Board, this register only notes decisions that are made when a component is added to the portfolio or if the Board terminates a component. If the component is terminated, the reason for the termination is not listed. Also if a proposed component is not approved, the reason is not listed. It is evident this register is lacking in its usefulness, which means it requires updating as it is:
- A. In the portfolio management plan
- B. A portfolio process asset
- C. An organizational process asset
- D. Part of the governance model
Answer: B
NEW QUESTION 160
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 161
During the portfolio lifecycle, you will be using the roadmap a lot and you be using it to report progress to different stakeholders. When it comes to portfolio roadmap, which of the following options is true?
- A. Roadmap is defined after the planning of all components is finished
- B. Roadmap are rarely updated, in contrast to the portfolio charter which gets frequently updated
- C. Roadmaps incorporate all components and shows a graphical representation of the portfolio progress over time
- D. Roadmap includes internal and external dependencies to other organizational areas
Answer: D
NEW QUESTION 162
As you are the portfolio manager for your state government agency, which is undergoing a series of budget cuts, you are focusing attention on managing risks to the portfolio as the budget is reduced. You realize in this process the time and budget for risk management also will be reduced; these data are in the:
- A. Portfolio performance plan
- B. Portfolio strategic plan
- C. Portfolio management plan
- D. Portfolio financial plan
Answer: C
NEW QUESTION 163
As part of the strategic alignment, you Identify prioritization criteria (e.g., legislative, dependencies, ROI, stakeholder expectations, strategic fit) using information gathering and analysis techniques in order to
- A. Create portfolio scenarios
- B. Provide a guiding framework to operationalize the organizational strategic goals and objectives
- C. Create a basis for decision making
- D. Understand the strategic priorities
Answer: C
NEW QUESTION 164
A junior Portfolio manager has come to you for advice. He is hearing a lot about the focus of portfolio management practices, however, he is not sure anymore of the exact answer. What do you, as an experienced portfolio manager tell him?
- A. Portfolio is undertaken to handle operational daily activities
- B. Portfolio is undertaken to achieve one or more organizational strategies and objectives
- C. Portfolio is undertaken to achieve benefits
- D. Portfolio is undertaken to produce deliverables that support specific organizational objectives
Answer: B
NEW QUESTION 165
During one of the review meetings, the governance board asked to know the progress with relation to benefits of one of the major programs in your portfolio; in this case you will advise the program manager to present
- A. Program Benefits Report
- B. Program Management Plan
- C. Program Business Case
- D. The status of his program to you and you will aggregate the information with information from other components and present it to the Governance board
Answer: A
NEW QUESTION 166
One of your component managers has submitted his resignation and left the company; a new program manager joins the portfolio replacing him. Which document you use to inform the new program manager about his responsibilities in the portfolio?
- A. Portfolio Charter
- B. Portfolio Management Plan
- C. Program Business Case
- D. Portfolio Roadmap
Answer: B
NEW QUESTION 167
For years, your aerospace company has been a leader in the development of sophisticated avionic hardware systems around the world. The executives want to continue with this well-recognized product line, but also they decided it is time to move into state-of-the art software to complement the hardware products. You have been asked to assess whether there are skill set limitations in the company to assess resource capacity internally. To do so, you decide to:
- A. Work with Human Resources and review the education backgrounds of internal staff and see if people have taken recent training
- B. Interview staff members based on performance evaluations to determine their interest in the new product line
- C. Focus on needed competencies and develop competency profiles for the internal staff
- D. Set up a contingency plan by asking the Procurement Department to issue a Request for Information to external consulting firms
Answer: C
NEW QUESTION 168
With the introduction of new legislation in your company, anyone now is entitled to medical services regardless of whether or not they are employed or have any pre-existing health conditions. Your insurance company's executives have been tracking this legislation as it means significant changes for your company; many employers who obtained insurance through your company may go elsewhere for lower costs.
Recognizing this legislation may lead to a loss of revenue, your company decided to merge with another insurance firm to obtain greater market share. This merger, though, means some existing projects may not be needed, and the workforce will be reduced by 20 percent, Such a significant change will impact how components are categorized in your portfolio leading to:
- A. A requirement to update the portfolio management plan
- B. A new portfolio prioritization model
- C. The need for a re-constituted oversight group
- D. Portfolio rebalancing
Answer: D
NEW QUESTION 169
......
Updated Aug-2022 Pass PfMP Exam - Real Practice Test Questions: https://www.briandumpsprep.com/PfMP-prep-exam-braindumps.html
Pass Your Exam With 100% Verified PfMP Exam Questions: https://drive.google.com/open?id=1P9EduyoCjjq9jJ-rURHIoLAwY5VDzGxg
