[Aug-2024] Free PfMP Exam Questions PfMP Actual Free Exam Questions
Verified PfMP dumps and 767 unique questions
PMI PfMP certification is a valuable credential for professionals who are involved in portfolio management. Portfolio Management Professional (PfMP) certification demonstrates the candidate's knowledge and expertise in managing portfolios of projects and programs in a manner that aligns with organizational strategy and goals. Portfolio Management Professional (PfMP) certification can also help professionals advance their careers and increase their earning potential.
NEW QUESTION # 430
Assume you are putting together for the Portfolio Review Board several options for consideration of potential components and current components. You are using an approach with different probabilities to determine outcomes and EMV. Which of the following would you recommend realizing Components A and B are new, while C and D are in progress:
- A. Component D
- B. Component B
- C. Component C
- D. Component A
Answer: D
NEW QUESTION # 431
Assume you are a member of your company's Portfolio Review Board. Your Board meets quarterly to determine which new components to undertake and selects them even if it means the portfolio then will require rebalancing. As you consider the proposed business case for a component and assess the suggestions of the other Board members, a key factor is:
- A. The depth of the proposal in terms of identification of key benefits
- B. Component feasibility studies
- C. Total available resources
- D. Overall stakeholder interest
Answer: C
NEW QUESTION # 432
A portfolio manager needs to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to developing the charter, and in order to complete the portfolio structure, the capability and capacity analysis is used to
- A. Measure the internal resource availability and establish the external resources capacity
- B. Measure the internal resource capacity and establish the external resources availability
- C. Measure internal and external resources capabilities and capacities
- D. Measure availability and capability of internal resources and forecast the use of external resources
Answer: B
NEW QUESTION # 433
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
- A. Budget
- B. Application Areas and Industry Focus
- C. Human Resources
- D. Business and Strategic Objectives
Answer: B
NEW QUESTION # 434
You have been assigned as a consultant to give your expertise on a failing portfolio which is critical to the success of your client's organization. You are now in the process of reviewing the portfolio management plan.
What do you expect to see as part of this plan?
- A. The major components of the portfolio which are aligned chronologically to achieve portfolio value
- B. Vision for the portfolio, which is based on the alignment with the organization's goals and objectives
- C. Portfolio Justification, high-level scope and high-level timelines
- D. Balancing portfolio and managing dependencies
Answer: D
NEW QUESTION # 435
Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the portfolio aligned with stakeholders expectations. What is the process for soliciting requirements called?
- A. Stakeholder Analysis
- B. Communication Methods
- C. Communication Requirements Analysis
- D. Elicitation
Answer: D
NEW QUESTION # 436
Aligning the portfolio with the strategic objectives starts by developing the Portfolio Strategic Plan.
You are currently developing this plan and are looking for a document that provides you long-term direction. What are you looking for in this case?
- A. Portfolio Process Assets (PPAs)
- B. Inventory of Work
- C. Organizational strategy and objectives
- D. Portfolio Strategic Plan
Answer: C
NEW QUESTION # 437
You're using a bubble graph to compare and balance portfolio components. How do you call a bubble graph technically?
- A. Communication Methods
- B. Capability and Capacity Analysis
- C. Graphical Analytical Methods
- D. Scenario Analysis
Answer: C
NEW QUESTION # 438
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. Portfolio Reports, Portfolio Management Plan updates, Portfolio Process Assets updates
- B. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates, Portfolio Strategic Plan updates
- C. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates, Portfolio Component Reports updates
- D. Roadmap updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets updates
Answer: A
NEW QUESTION # 439
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed abundantly throughout the portfolio lifecycle and spans multiple processes.
While performing the capability and capacity analysis during the manage supply and demand process, which of the following you use to maximize the use of resources
- A. Continuous monitoring of the progress
- B. Equity Protection
- C. Allocating scarce resources
- D. Soft Booking
Answer: D
NEW QUESTION # 440
A portfolio manager has been requested to forecast any potential deviation from the baseline plan. Which tool or technique should the portfolio manager use?
- A. Modeling and simulation
- B. Variance analysis
- C. Sensitivity analysis
- D. Baseline assessment
Answer: B
NEW QUESTION # 441
Initiatives in the companies aim to deliver values. For a portfolio, the value is delivered through a mix of components with similar strategic goals and objectives. Multiple components can contribute in the realization of the same organizational value. While managing the portfolio value, how do you depict the relationships between components in achieving value?
- A. Cause and effect relationships between the portfolio components that are needed to deliver planned benefits
- B. Cumulative distribution
- C. Set realistic targets in line with stakeholder risk tolerances
- D. Outcome probability analysis
Answer: A
NEW QUESTION # 442
You are managing a portfolio in a functional organization and resources are shared between operations and projects. You are continuously performing capability and capacity analysis in order to optimize the portfolio. Which of the following capability and capacity analysis is used to just limit the number of components the organization can execute?
- A. Assets
- B. Knowledge Basis
- C. Human Resources
- D. Financial
Answer: C
NEW QUESTION # 443
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 managing the strategic change and using multiple tools and techniques. What are they?
- A. Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis
- B. Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory
- C. Gap Analysis, Readiness Assessment, Stakeholder Analysis
- D. Scenario Analysis, Capability & Capacity Analysis
Answer: C
NEW QUESTION # 444
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. Program Business Case
- C. Portfolio Management Plan
- D. Portfolio Roadmap
Answer: C
Explanation:
Explanation
The Portfolio Management Plans contains the governance model in which roles and responsibilities should be clearly defined for specific roles such as portfolio manager, sponsors, portfolio stakeholders, executive stakeholders, and program and project managers. Roles and responsibilities need to be defined for portfolio management and for various governing bodies
NEW QUESTION # 445
A portfolio manager is developing a comprehensive portfolio management plan and is unsure which performance metrics need to be defined for the portfolio components. Which action should the portfolio manager take to define the performance measures?
- A. Analyze the process assets.
- B. Perform an environment analysis.
- C. Perform a capability and capacity analysis.
- D. Conduct a survey with stakeholders.
Answer: C
NEW QUESTION # 446
Your company's water treatment center serves three cities. Tests are conducted each day to see if the water is safe to drink. On Thursday, E coli were found in the water, but the water authority did not notify the citizens in the three cities. Instead, the citizens learned on Friday, the water was now safe to drink. The citizens are in an uproar, and your company is to blame. It is obvious one of the problems is the aging infrastructure and limited resources. To best optimize the portfolio, your CEO asked you to:
- A. Reallocate financial and other resources to new components to avoid this problem in the future
- B. First determine why citizens were not aware of the problem
- C. Analyze the physical needs
- D. Analyze the testing methods in use for effectiveness
Answer: C
NEW QUESTION # 447
You have been recently assigned to manage a new portfolio that is supposed to shift the company from silo-based to a projectized one. You are in the process of initiating the portfolio. You are currently developing the strategic plan. Upon finishing it, you are expected to present
- A. Portfolio Strategic Plan
- B. Portfolio Strategic Plan and Portfolio
- C. Portfolio Strategic Plan and Inventory of Work
- D. Portfolio Strategic Plan and Portfolio Process Assets updates
Answer: B
NEW QUESTION # 448
Multiple changes have been recommended and approved in your portfolio and the need for continuous optimization seems to never end. This is normal in a portfolio and optimizing the components mix and the use of resources is key to success. As a portfolio manager you will be re-visiting the Optimize Portfolio process countless times. Which of the following are considered outputs to this process?
- A. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Portfolio Organizational Process Assets update
- B. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Enterprise Environmental Factors update
- C. Roadmap update, Portfolio Strategic Plan update, Portfolio update, Portfolio Reports, Portfolio Process Assets update
- D. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Portfolio Process Assets update
Answer: D
NEW QUESTION # 449
A new component that will deliver an enhanced product manufacturing system has been presented for addition to the portfolio. The system is expected to significantly reduce costs by reducing the amount of time it takes to create product parts. However, the user interface will be difficult to work with, so any cost savings may be lost over time.
To ensure that the portfolio remains balanced and expected returns are managed, the governance board should use a portfolio:
- A. performance plan.
- B. financial plan.
- C. strategic plan.
- D. risk management plan.
Answer: A
NEW QUESTION # 450
Developing the Portfolio Management Plan is a major step in a Portfolio and for a Portfolio Manager. You are currently developing this plan and having focus groups and brainstorming activities during which you are using mind-maps diagrams to organize the idea into logical groupings. Which of the below are you using?
- A. Integration Of Portfolio Management Plans
- B. Collaboration Technique
- C. Survey Technique
- D. Facilitation Technique
Answer: D
NEW QUESTION # 451
After three months, you have a list of all the program, project, and ongoing work being done in your 500-person Division of your State Government Agency. With this list, the next step is to:
- A. Assess gaps in meeting the Agency's strategic objectives
- B. Prepare a portfolio performance plan
- C. Convene a meeting of the Portfolio Review Board
- D. Determine the prioritization model to follow
Answer: A
NEW QUESTION # 452
Assume your airline just merged with a competitor, making it the largest in the country. Your company has a defined portfolio management process in place, which is considered effective by your executives. The other airline uses a more informal approach. Executives from both airlines now have different philosophies concerning new work to be pursued to be the leading airline in the country. In terms of the Authorize Portfolio process, this means:
- A. The portfolio management information systems will require consolidation
- B. The complete portfolio process will require changes
- C. The portfolio requirements should be evaluated
- D. An outsider should be hired as the portfolio manager for objectivity
Answer: C
NEW QUESTION # 453
While performing the manage supply and demand process, one of your sub-portfolio managers came to you asking advice on how to analyze intangible assets such as resources knowledge or skills based on the metrics defined. What should be your advice to him?
- A. You should tell him that metrics are only defined to measure tangible aspects; intangible measurements should be based on assumptions
- B. You should tell him to use the qualitative metrics defined in the performance management plan in order to measure the intangible aspects. He can then use the number of full-time equivalents in order to quantify them when possible
- C. You should advice him to use quantitative analysis in order to quantify the intangible aspects and be able to measure them
- D. You should tell him to ignore the intangible aspects as they are not as important as tangible ones which will help in decision making
Answer: B
NEW QUESTION # 454
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The PfMP certification exam is a four-hour exam that consists of 170 multiple-choice questions. PfMP exam is computer-based, and candidates can take it at any time of the year at a designated testing center. To pass the exam, candidates must score a minimum of 60% and above.
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