Pass the PMI Portfolio Management Professional PfMP Questions and answers with CertsForce

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Questions # 1:

You have scored the portfolio components and are analyzing the data in order to prioritize the components. Using the following scoring table, which of the options represents the correct Components Priority?

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Options:

A.

D, B, C, E, A


B.

A, C, E, B, D


C.

D, B, E, C, A


D.

D, B, E, A, C


Expert Solution
Questions # 2:

You are managing a big portfolio and have a lot of stakeholders, whether external or internal. You know that stakeholder engagement is crucial to the success of the portfolio and realize that in order to have proper stakeholders engagement you will need to

Options:

A.

Update your communication management plan


B.

Develop a well-structured RACI matrix


C.

Engage regularly with key stakeholders through formal and informal communication means


D.

Meet regularly with all stakeholders


Expert Solution
Questions # 3:

In a portfolio, data is an abundant asset, and managing the information aiming for a a better decision making is critical. For this you use a variety of Quantitative and Qualitative analysis methods. These methods are performed in 4 of the portfolio management processes and serve a slightly different purpose in each and every one of them. Considering that you are currently performing risk assessment and handling risk responses, how can you make use of the quantitative and qualitative analysis?

Options:

A.

Performing resource leveling, project sequencing techniques and dependency analysis


B.

Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT analysis, Market/competitor analysis and business value analysis


C.

Performing Status and trend analysis, Rebalancing methods, Investment choice tools, exposure charts


D.

Performing Quantitative analysis and Sensitivity analysis


Expert Solution
Questions # 4:

Working as the portfolio manager for your business unit of a major aerospace organization means you have a variety of programs, projects, and operational activities under way. You have set up a number of reports on the progress of the portfolio for your various stakeholders, but the best approach is to monitor the progress of the portfolio against:

Options:

A.

Organizational strategy


B.

Organizational goals


C.

Specific key performance indicators for the business unit


D.

Organizational critical success factors


Expert Solution
Questions # 5:

As a portfolio manager, you have been reporting the progress, status and performance regularly and you have been doing a good job so far. Reports are the primary documents to communicate portfolio status and be able to balance the mix of portfolio components to best align with objectives. When it comes to optimizing a portfolio, how can risk reports be used?

Options:

A.

To be able to analyze occurred risks and cancel any component who has an increased risk


B.

To be able to define the organization risk tolerance and update the Strategic Plan accordingly


C.

To know about major risks and occurred issues in relation with the portfolio components


D.

To assess achieved value and the confidence level in it


Expert Solution
Questions # 6:

In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the components report status and progress to the portfolio. What is the relation between the portfolio and portfolio components when it comes to defining the performance measures and targets (metrics)?

Options:

A.

Portfolio metrics are not related to component metrics, each is used at its own level


B.

Metrics are defined at portfolio level and given as guidelines to components in order to define their own metrics


C.

Portfolio metrics used at the portfolio level are the same used at components level


D.

Metrics are defined at components level and rolled up to the portfolio level


Expert Solution
Questions # 7:

The sponsor came to you asking for a high level timeline to depict the approach that you will take to execute this portfolio. What tools and techniques is useful in your case?

Options:

A.

Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory


B.

Gap Analysis, Readiness Assessment, Stakeholder Analysis


C.

Scenario Analysis, Capability & Capacity Analysis


D.

Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis


Expert Solution
Questions # 8:

You are working to optimize your portfolio and determine a priority list of components to pursue. In your product development company, of the triple constraints, quality and scope dominate. This does not imply that schedule and budget are not important, but since the company requires regulatory approval for its products, quality dominates the company. Quality goals that are too low may lead to end-user dissatisfaction; however, goals that are too high may be too costly to the company. Therefore it is important to consider:

Options:

A.

Market analysis


B.

The value proposition


C.

Cash-flow requirements


D.

Risk analysis and assessment


Expert Solution
Questions # 9:

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?

Options:

A.

Trade-Off Analysis


B.

Market Payoff variability


C.

Budget Variability


D.

Performance variability


Expert Solution
Questions # 10:

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?

Options:

A.

Program Business Case


B.

Portfolio Roadmap


C.

Portfolio Management Plan


D.

Portfolio Charter


Expert Solution
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