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PMI PfMP Exam Syllabus Topics:
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NEW QUESTION 167
Working to prepare the portfolio performance management plan, assume you have been involving others in the process to help secure their later support of the plan. You also reviewed historical information and other artifacts. Not to be overlooked is a/an:
- A. Organization chart
- B. Benefit schedule
- C. Governance model
- D. Regulatory requirements
Answer: B
NEW QUESTION 168
When it comes to managing a portfolio, you have a variety of assets, plans and tools and techniques used. It requires a good experience to handle all of these artifacts. One of your portfolio team members came to you asking about the relation between the portfolio performance management plan, the portfolio management plan and portfolio strategic plan. What should your answer be?
- A. The portfolio performance management plan is a subsidiary plan or a component of the portfolio strategic plan. The portfolio strategic plan is also incorporated within the portfolio management plan as a part of it
- B. The portfolio performance management plan is a subsidiary plan or a component of the portfolio management plan. The portfolio strategic plan is a separate plan
- C. The portfolio performance management plan and the portfolio strategic plan are both subsidiaries of the portfolio management plan
- D. The portfolio strategic plan is a subsidiary plan or a component of the portfolio management plan. The portfolio performance management plan is a separate plan
Answer: B
Explanation:
Explanation
The portfolio performance management plan is a subsidiary plan or a component of the portfolio management plan. The portfolio strategic plan is a separate plan
NEW QUESTION 169
Your portfolio is on a tight deliverables and is considered the major portfolio in your company. Stakeholders are concerned about the purpose of defining a portfolio while already having an inventory of work and are worried that this will cause a lot of time to be wasted. What is your advice to the stakeholders?
- A. This process can be skipped because it will be re-done as part of the Optimize Portfolio process
- B. This process is required to optimize and balance the portfolio for performance and value delivery
- C. They are right, the process can be skipped when an inventory of work is in place
- D. This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization
Answer: D
Explanation:
Explanation
The purpose of the Define Portfolio process is to create an up-to-date list of qualified portfolio components by identifying, categorizing, scoring, and ranking portfolio components. This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization. On the other hand, the purpose of Optimize Portfolio process is to optimize and balance the portfolio for performance and value delivery
NEW QUESTION 170
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Where is this type of results normally found?
- A. Portfolio Management plan
- B. Resource Pools
- C. Portfolio Reports
- D. Portfolio Process Assets
Answer: B
Explanation:
Explanation
This scenario targets the end of the Manage Supply and Demand (its outputs). Resource utilization and resource efficiency are typically found in Portfolio Reports as results to the process. Appropriate information is then recorded/updated in other portfolio documents .
NEW QUESTION 171
Your Portfolio Review Board is scheduled to meet in a week. Resources only are available to support one project, and detailed business cases have been prepared for two of them. Your company has a policy of being risk adverse. Based on the following table, which project would you recommend to the Board, and what else would you mention to them?
- A. Project A as the benefits will be realized in a shorter time period
- B. Project B and it has less risk associated with it
- C. Project B but other qualitative items are not available
- D. Project A and it has less risk associated with it
Answer: C
NEW QUESTION 172
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, 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 have developed a robust Portfolio management plan. What do you expect as output of this development?
- A. Portfolio Strategic Plan update, Portfolio Process Assets updates, Portfolio Management Plan
- B. Portfolio Management Plan, Portfolio Roadmap update, Portfolio Charter update, Enterprise Environmental Factors update
- C. Portfolio Management Plan, Portfolio Reports update
- D. Portfolio update, Portfolio Roadmap update, Portfolio Management Plan
Answer: A
NEW QUESTION 173
As part of developing the Communication Management Plan, a portfolio manager executes the Communication Requirements Analysis, in addition to Stakeholders Analysis. Which of the following options in your opinion is a result of the Stakeholders Analysis?
- A. Communication Matrix
- B. Communication Strategy matrix
- C. All of the options
- D. Elicitation technique
Answer: D
Explanation:
Explanation
The Stakeholder Analysis results in the definition of the types of stakeholders (Internal/External), the stakeholder communication strategy matrix (Influence/Interest) and the stakeholder matrix including stakeholders groups, roles, interests and expectations
NEW QUESTION 174
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)?
- A. Portfolio metrics are not related to component metrics, each is used at its own level
- B. Metrics are defined at components level and rolled up to the portfolio level
- C. Portfolio metrics used at the portfolio level are the same used at components level
- D. Metrics are defined at portfolio level and given as guidelines to components in order to define their own metrics
Answer: B
Explanation:
Explanation
Performance measures and targets (metrics) are set at the portfolio component level and then rolled up to the portfolio level to determine overall portfolio impact
NEW QUESTION 175
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 176
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. For this you start by developing the strategic plan. What output do you expect from this process?
- A. Portfolio Process Assets updates, Inventory Of Work, Portfolio, Portfolio Strategic Plan
- B. Portfolio, Portfolio Strategic Plan, Enterprise Environmental Factors updates
- C. Portfolio, Portfolio Strategic Plan
- D. Portfolio, Portfolio Strategic Plan, Portfolio Reports
Answer: C
Explanation:
Explanation
The answer to this question is Portfolio, Portfolio Strategic Plan
NEW QUESTION 177
One of your company's junior portfolio managers came to you for advice. He noticed while checking the roadmap that it does not include all the portfolio components. What should be your advice to him?
- A. Whether the roadmap includes all or a part of the portfolio components, is the decision of the portfolio manager
- B. The roadmap does not include all of the portfolio components, it is used as a high-level timeline
- C. Whether the roadmap includes all or a part of the portfolio components, is the decision of the portfolio sponsor
- D. The roadmap should include all of the portfolio components in order to correctly depict the different timelines and milestones
Answer: D
Explanation:
Explanation
The roadmap does not include all of the portfolio components, it is used as a high-level timeline. The roadmap may not provide details of all identified portfolio components, but can be used to build details later
NEW QUESTION 178
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?
- A. Program and project managers
- B. Funds
- C. None of the options
- D. Assets
Answer: C
Explanation:
Explanation
Organizational resources include funds, other tangible and intangible assets, as well as key human resources, such as program and project managers and subject matter experts.
NEW QUESTION 179
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?
- A. Develop contingency plans and identify the conditions which trigger their execution
- B. All of the options
- C. Make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions
- D. Select primary and alternative strategies
Answer: B
Explanation:
Explanation
Several risk response strategies can be considered for each risk. The portfolio manager, along with the risk owner, should select the strategy or mix of strategies most likely to be effective. The risk owner should make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions. The risk owner may select primary and alternative strategies. The risk owner may develop contingency plans and identify the conditions which trigger their execution. Often a contingency reserve is allocated for time or cost. Finally, the risk owner may develop a fallback plan for execution if the selected strategy is not sufficiently effective
NEW QUESTION 180
It is rare for organizational leaders to have an in-depth knowledge of all the work under way in the portfolio, but it is needed for portfolio decision making. If you were asked to prepare such an inventory, it would:
- A. Require one-on-one interviews to ensure all work being done was revealed
- B. Serve as the starting point for the portfolio
- C. Be helpful to have a statement in writing from the CEO to describe why the inventory is important
- D. Require assistance and support from the EPMO
Answer: B
NEW QUESTION 181
Which of the following depicts the use of the burn-down and burn-up charts?
- A. They show the execution of the portfolio against the overall budget and time
- B. They show the burned cost and time against planned ones
- C. All of the Options
- D. They show the planned vs accrued Earned Value
Answer: A
Explanation:
Explanation
Burn-Down and Burn-up charts show the execution of the portfolio against the overall budget and time; they show progress. The progress can also be shown using bubble charts and funnel charts
NEW QUESTION 182
Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently aggregating value delivered by the portfolio components. What outputs do you expect to get out of this?
- A. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates
- B. Portfolio Reports, Portfolio Management Plan updates, Portfolio Process Assets updates
- C. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates, Portfolio Strategic Plan updates
- D. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates, Portfolio Component Reports updates
Answer: B
Explanation:
Explanation
This scenario targets the outputs of the "Manage Portfolio Value" process. The answer to this question is Portfolio Reports, Portfolio Management Plan updates, Portfolio Process Assets updates
NEW QUESTION 183
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?
- A. Develop contingency plans and identify the conditions which trigger their execution
- B. All of the options
- C. Make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions
- D. Select primary and alternative strategies
Answer: B
NEW QUESTION 184
Assuming a portfolio manager position means one has more stakeholders than in program, project, or operational roles. The goal is to identify all interested stakeholders but often overlooked are:
- A. Associations
- B. Consumer groups
- C. External resource providers
- D. Alliances
Answer: C
NEW QUESTION 185
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?
Larger image
- A. A, C, E, B, D
- B. D, B, E, A, C
- C. D, B, E, C, A
- D. D, B, C, E, A
Answer: B
NEW QUESTION 186
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?
- A. Allocating resources to develop component proposals or execute portfolio components
- B. Balance the portfolio for performance and value delivery
- C. Create an up-to-date list of qualified portfolio component
- D. Make Governance Decisions
Answer: A
NEW QUESTION 187
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