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

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Questions # 21:

The portfolio manager defines the portfolio based on a listing of already existing work in the organization and selects the right components in order to be able to prioritize them. What do you use for defining the portfolio based on the listing of work?

Options:

A.

Prioritization


B.

Inventory of Work


C.

Portfolio Component Inventory


D.

Elicitation technique


Expert Solution
Questions # 22:

While defining the portfolio, the portfolio manager uses a set of evaluation criteria in order to generate a list of portfolio components for optimization and balancing. Which of the following is not an evaluation criteria?

Options:

A.

Technology capabilities and capacities


B.

Costs


C.

Benefits, financial and non-financial


D.

Customer


Expert Solution
Questions # 23:

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?

Options:

A.

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


B.

Tell her that she needs to carefully monitor this risk


C.

Tell her that she needs to escalate this issue directly to the executive management


D.

Go and meet this stakeholder face to face and collaborate with him to solve this communication issue


Expert Solution
Questions # 24:

Along the course of the portfolio, you will be recommending the initiation, termination and update of components. The governance bodies will be approving or rejecting your recommendations as part of their role in the authorization of the portfolio. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Authorize Portfolio Process?

Options:

A.

Make Governance Decisions


B.

Allocating resources to develop component proposals or execute portfolio components


C.

Create an up-to-date list of qualified portfolio component


D.

Balance the portfolio for performance and value delivery


Expert Solution
Questions # 25:

Before any information in your web-based technology company is communicated externally, it must be submitted to the company's Public Relations Department to ensure sensitive information is not disclosed inadvertently to competitors. The Public Relations Director must sign off on all external information. You need to, as the portfolio manager:

Options:

A.

Make sure your team is aware of this requirement


B.

Meet with this Director to explain the purpose of the communication


C.

Limit the frequency of external communications to stockholders


D.

State this requirement in the communication plan


Expert Solution
Questions # 26:

One of the junior portfolio managers learned that she needs to use the roadmap as an input to the portfolio management plan development. She does not understand why, and she came to you for advice. What is your advice to her?

Options:

A.

Roadmap contains the portfolio structure which is used to structure the components for management through the portfolio management plan


B.

Roadmap is not an input to this process


C.

Roadmap provides the prioritization model to the portfolio management plan


D.

High-level timelines in roadmap are used to define low-level schedule and timelines for portfolio components


Expert Solution
Questions # 27:

You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. You are currently defining the portfolio and with the purpose of

Options:

A.

Creating an up-to-date list of qualified portfolio component


B.

Allocating resources to develop component proposals or execute portfolio components


C.

Balancing the portfolio for performance and value delivery


D.

Making Governance Decisions


Expert Solution
Questions # 28:

Risks are very important to manage in portfolio management and organizations can choose to embrace risks with the potential of high rewards. As a portfolio manager, planning and managing risks is important. Risks are categorized in order to ease the process. Which of the following are considered as risk categories that a portfolio manager can use?

Options:

A.

All of the options


B.

Performance Risk, Regulatory Risk


C.

Portfolio Component Risk, Market Risk


D.

Organizational Risk, Image and Public Relation Risk


Expert Solution
Questions # 29:

You are the manager for a major industrial portfolio aiming to rebuild the vintage building in your region. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budget, you know that you will be managing the portfolio closely and that the governance board and the stakeholders would want to check on the progress and status frequently. For this you started to develop a robust Portfolio management plan. Which of the following can be used when starting this process?

Options:

A.

Portfolio Management Plan, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets


B.

Portfolio, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets


C.

Portfolio Strategic Plan, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets


D.

Portfolio Reports, Portfolio Roadmap, Portfolio Charter, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets


Expert Solution
Questions # 30:

You are currently in the process of allocating resources to develop component proposals, authorizing components to expend resources and to communicate portfolio decisions. What do you expect as outputs of this process?

Options:

A.

Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update


B.

Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update


C.

Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update


D.

Portfolio Updates, Portfolio Strategic Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update


Expert Solution
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