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Pass the PMI Portfolio Management Professional (PfMP) PfMP Questions and answers with ValidTests

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Questions # 1:

The interest, influence, and communication needs of business operational stakeholders who are looking to ensure alignment between portfolio components, while minimizing negative impact and maximizing positive benefits of all portfolio-managed changes to their business operations, relate to which type of stakeholders?

Options:

A.

Internal and External Stakeholders

B.

External Stakeholders

C.

Does not relate to stakeholders

D.

Internal Stakeholders

Expert Solution
Questions # 2:

The Portfolio Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Management Plan purpose and focus?

Options:

A.

Identifies recipients for information associated with the portfolio management process

B.

Articulates the options, preferences, and factors that will be considered in a specific portfolio

C.

Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio

D.

Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components

Expert Solution
Questions # 3:

You have set a meeting with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. One of your team members asked you of the goal of what is being done. Your answer to him should be

Options:

A.

All of the options

B.

Authorizing the portfolio

C.

Initiating the portfolio

D.

Developing specific portfolio assets

Expert Solution
Questions # 4:

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 Communication Requirements Analysis?

Options:

A.

Stakeholder matrix

B.

Communication Matrix

C.

All of the options

D.

Communication Strategy matrix

Expert Solution
Questions # 5:

Ideally, the organization practices a policy of open communications on risks and encourages people to point any out at all levels, even if the risk does not affect one's own work and especially if it affects the portfolio. Different people, though, have different perspectives of the various portfolio risks based on their position in the organization. Assume a risk has been identified concerning the organization's operating model. This risk was identified by:

Options:

A.

A functional manager

B.

A PMO Director

C.

An executive

D.

The portfolio manager

Expert Solution
Questions # 6:

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 used abundantly as an input to 7 processes. When it comes to managing portfolio value, how is the portfolio roadmap used?

Options:

A.

Delays in delivery of portfolio component results may adversely affect the value derived from the portfolio

B.

It is not used in managing the portfolio value

C.

Dependencies shown at the roadmap level have negative impacts on the value realized

D.

Dependencies shown at the roadmap level have positive impacts on the value realized

Expert Solution
Questions # 7:

Portfolio Governance is important in a portfolio to maintain correct alignment, monitor and control performance and status, reshuffle the mix of components as found necessary, etc. Governance management includes which of the following processes?

Options:

A.

Develop Portfolio Communication Plan

B.

Optimize Portfolio

C.

Develop Charter

D.

Manage Supply & Demand

Expert Solution
Questions # 8:

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

Options:

A.

Business and Strategic Objectives

B.

Application Areas and Industry Focus

C.

Budget

D.

Human Resources

Expert Solution
Questions # 9:

While there are a number of recommended contents of the portfolio strategic plan, a guiding principle is to:

Options:

A.

Document assumptions and constraints

B.

Recognize stakeholder risk tolerances

C.

Recognize the portfolio will evolve through progressive elaboration

D.

Define the portfolio vision and objectives to align with organizational strategy

Expert Solution
Questions # 10:

Which of the following is NOT considered as a criteria for prioritization?

Options:

A.

Interdependency

B.

Number of Human Resources Required

C.

Legalities

D.

Strategic Alignment

Expert Solution
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