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PMI PfMP - Portfolio Management Professional (PfMP)

Page: 5 / 15
Total 495 questions

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 the organization level. This analysis comprises which of the following?

A.

Risk Tolerance

B.

Assets

C.

Financials

D.

Human Resources

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.

Be helpful to have a statement in writing from the CEO to describe why the inventory is important

C.

Serve as the starting point for the portfolio

D.

Require assistance and support from the EPMO

You are managing a portfolio linked to multiple business units and you set clear roles and responsibilities from the beginning to avoid delays and to enhance the decision making process. An unanticipated issue occurred last week, which relates to one of your team members missing to check the market fluctuating currency. In which of the following documents should you look to know which member was responsible of this?

A.

Strategic Plan

B.

Governance Model

C.

Risk Register

D.

Risk Roles & Responsibilities

You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The Portfolio Roadmap is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Roadmap purpose and focus?

A.

High-level prioritization mapping of the portfolio

B.

Corresponds to the means to the “to-be” vision

C.

Can be used to influence the portfolio’s success

D.

Forecasts how and when the portfolio will deliver value to the organization

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 complete portfolio process will require changes

B.

The portfolio requirements should be evaluated

C.

The portfolio management information systems will require consolidation

D.

An outsider should be hired as the portfolio manager for objectivity

A new sponsor was appointed by the company in order to push more on the investments underway. The new sponsor wants detailed information on time and money and wants to get things done quickly. Which element of the portfolio management plan will be referred to for managing the sourcing of key resources?

A.

Portfolio Oversight

B.

Governance Model

C.

Communication Management Plan

D.

Performance Management Plan

Because of the ongoing and iterative nature of portfolio management, the processes in it are continually repeated as new components are added, and others are completed or terminated. Revisions are constant given complexity, risks, and the rate of change. As you work to optimize the portfolio, it is helpful to:

A.

Assign components to predefined categories

B.

Prepare a flowchart

C.

Organize ideas from stakeholders into logical groupings

D.

Perform a structure analysis of roles and responsibilities

Having worked in portfolio management for several years, assume you were hired as the portfolio manager for a Real Estate Investment Trust, one of the largest in your country that specializes in apartments. The company continues to grow and wants to maximize value and profits for its investors. As you set up processes and procedures for portfolio management, you know from past experience that buy in from executives is insufficient. As you prepare a communications strategy, you focus on:

A.

Satisfying important information needs of stakeholders

B.

Surveying stakeholders through a questionnaire to determine information requirements

C.

Using focus groups to assist in determining information needs

D.

Focusing first on the executive team's communications requirements and then involving others

As part of the strategic alignment, you Evaluate organizational strategic goals and objectives using document reviews, interviewing, and other information gathering techniques in order to

A.

Understand the strategic priorities

B.

Create a basis for decision making

C.

Provide a guiding framework to operationalize the organizational strategic goals and objectives

D.

Create portfolio scenarios

Resources allocation and optimization for use is key to a successful portfolio. You have assigned human resources, funds and other required assets to a component that you have initiated recently. What should have been done prior to being able to to that?

A.

Managed Portfolio Value

B.

Communicated the decision to all stakeholders

C.

Prioritized the component

D.

Authorized the component