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

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Viewing questions 131-140 out of questions
Questions # 131:

While defining the portfolio mix, the portfolio manager performs a categorization of the portfolio components based on multiple categorization criteria. Which of the following is considered as a portfolio component category?

Options:

A.

Continuous Improvement


B.

Risk Reduction


C.

All of the options


D.

Process Improvement


Expert Solution
Questions # 132:

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?

Options:

A.

Define Portfolio Management best practices


B.

Formulating component management standards


C.

Define Portfolio Management standards


D.

Formulate organizational standards


Expert Solution
Questions # 133:

You have set a meeting with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. One of your team members asked you of the goal of what is being done. Your answer to him should be

Options:

A.

All of the options


B.

Authorizing the portfolio


C.

Initiating the portfolio


D.

Developing specific portfolio assets


Expert Solution
Questions # 134:

Your company, which has been in the blimp business for over 50 years, prides itself on its robust portfolio management process, which is especially useful now that the demand for blimps of various sizes is much greater than the capacity to produce them. One of the reasons the blimp company has been so successful over the years is it has central management of all of its resources. This approach is important:

Options:

A.

Since the various types of needed resources may be limited


B.

To ensure the right resources are assigned


C.

To monitor resource allocation


D.

As a way to assess whether existing resources have the competencies to support the components in the portfolio


Expert Solution
Questions # 135:

Along your portfolio lifecycle, you have been conducting multiple review meetings to ensure continuation from one phase to another and to ensure the alignment and value delivery, in addition to communicating decisions and valuable information to the related stakeholders. When it comes to decisions and actions taken by the governance board as a result of these meetings, they are communicated through

Options:

A.

Portfolio Reports


B.

Portfolio Updates


C.

Portfolio Management Plan Updates


D.

Portfolio Process Assets Updates


Expert Solution
Questions # 136:

Risk Management is integrated in all the other processes and process groups and is an integral recurrent activity throughout the portfolio life cycle. Which of the following is considered an external risk that can affect the portfolio?

Options:

A.

Technological Advancement


B.

Corporate Strategies


C.

Bankruptcy


D.

Changing Priorities


Expert Solution
Questions # 137:

You have been managing multiple portfolios in your company for the past two decades and all deliveries were successful. A new portfolio manager is struggling and came to you for advice on the portfolio process groups. He knows that portfolio process groups are the base of portfolio management. While you explain to him about them, you told him that portfolio process groups are independent of

Options:

A.

Business and Strategic Objectives


B.

Application Areas and Industry Focus


C.

Budget


D.

Human Resources


Expert Solution
Questions # 138:

Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, change to reflect the new stakeholders and their expectations?

Options:

A.

Communication Management Plan


B.

Portfolio Roadmap


C.

Portfolio Strategic Plan


D.

Portfolio Management Plan


Expert Solution
Questions # 139:

You are the manager of a major portfolio with a variety of stakeholders and stakeholder groups. you know that managing communication is key to success and you stress on maintaining a high communication level. As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Communication matrix is one of the prepared documents, what does it include?

Options:

A.

Stakeholders roles, interests, expectations and groups


B.

Stakeholders quadrants showing the level of interest and influence


C.

Representation of all of the communication for the portfolio and their frequency over a period of time


D.

Intended recipients, communication vehicles, frequency and communication areas


Expert Solution
Questions # 140:

Each year, you update the portfolio roadmap so people within the organization can see component status, interdependencies, constraints, and business value, among other things. This year, however, two major programs in the portfolio were cancelled as they were government contracts, and the government lacked funds to complete them. Your management then had to reduce staffing. These two programs had dependencies with other components in the portfolio. This means that:

Options:

A.

The other components may need to be cancelled


B.

The proposed benefits from the other components require analysis to see if they can be realized and sustained


C.

The value measurement criteria for portfolio components require updates


D.

The overall value of the portfolio is affected adversely


Expert Solution
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Viewing questions 131-140 out of questions