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PMI PfMP - Portfolio Management Professional (PfMP)

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Total 495 questions

The portfolio management process ensures the components are aligned to goals. However, it is driven by:

A.

Viability

B.

Value and benefits

C.

Organizational strategy and objectives

D.

Interdependencies and resource constraints

You are currently using a Comparative Advantage Analysis and conducting a what-if analysis to consider how the portfolio component and its intended benefits could be achieved by various options, including resource capability and capacity mix. In which process are you currently working?

A.

Manage Portfolio Information

B.

Optimize Portfolio

C.

Manage Portfolio Value

D.

Manage Supply & Demand

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 performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust performance management plan. What is expected to be found in this plan?

A.

Identified stakeholder expectations

B.

Resources required by type and quantity

C.

Resource optimization and Benefits Realization

D.

Portfolio Vision and measurable goals and guidance

Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. Which of the following are common risk concerns across the organization?

A.

Reporting and data accuracy

B.

Organizational Integrity

C.

Time, cost and scope commitments

D.

Issues with Product development

Your company's new CEO has set an aggressive target and informed everyone that the target needs to be met by all means in order for the company to be able to realize benefits and avoid bankruptcy. What is the best management approach that the portfolio manager should take in this case?

A.

Directing

B.

Advising

C.

Leading

D.

Supporting

You are the CIO of a real estate investment trust (REIT) that invests in apartments and condominiums in more than 50% of the states in your country. Your organization has as its goal to respond to any concerns that arise within 24 hours; for example, you want to make sure Wi-Fi sites are operational if there are any power outages, and people have soft phone service available 24/7. You are a member of the REIT's Portfolio Review Board, and as a member of the executive team in terms of portfolio risk management, you want to focus on:

A.

Issues with product support

B.

Identifying and managing liabilities

C.

Interaction of component risks

D.

Inconsistent processes

Assume you are working in the Joint Forces Command in your country. In this agency, all of the defense agencies are consolidated for better collaboration to support troops working around the world. Each program or project tends to have more than one sponsor, and since each Command is represented in this agency, the same is true for the portfolio. These sponsors are listed in the:

A.

Governance plan

B.

Portfolio charter

C.

Portfolio performance plan

D.

Portfolio Review Board charter

When we talk about portfolios, programs and projects, it is inevitable to mention the business value which is the sum of tangible and intangible assets of an organization, also known as the net quantifiable benefit. When it comes to business value, at which level of the organization is the Business Value achieved?

A.

Program

B.

Project

C.

Portfolio

D.

Operational

ecause your company's Portfolio Review Board consists of the Directors of its five business units and is chaired by the CEO, the meetings tend to be contentious as there is limited funding available to authorize all the proposed programs and projects. Dissension also is the norm if resources are reallocated from one business unit to another. As a result, the CEO:

A.

Strives to use consensus to make decisions, but this approach rarely is effective

B.

Decided to use an outside facilitator when meetings are held

C.

Uses multi-voting and makes the final decision

D.

Often uses a Delphi approach

Your health insurance company has set up its portfolio into five different categories: research and development, IT, Medicare, government health insurance, and non-government health insurance. Funding is allocated yearly to each of these six categories. As the portfolio manager at the enterprise level, you:

A.

Ensure such allocations are reflected in the portfolio's strategic plan

B.

Meet with the CFO and determine these allocations when the budget for the fiscal year is being prepared

C.

Meet with the managers of the five portfolios once the budget allocations are known

D.

Use your existing inventory of components in the portfolio and in the pipeline to determine funding allocations