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Viewing page 6 out of 15 pages
Viewing questions 51-60 out of questions
Questions # 51:

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?

Options:

A.

This process is required to optimize and balance the portfolio for performance and value delivery

B.

This process is required to produce an organized portfolio for ongoing evaluation, selection, and prioritization

C.

This process can be skipped because it will be re-done as part of the Optimize Portfolio process

D.

They are right, the process can be skipped when an inventory of work is in place

Expert Solution
Questions # 52:

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?

Options:

A.

Portfolio Justification, high-level scope and high-level timelines

B.

Vision for the portfolio, which is based on the alignment with the organization’s goals and objectives

C.

Balancing portfolio and managing dependencies

D.

The major components of the portfolio which are aligned chronologically to achieve portfolio value

Expert Solution
Questions # 53:

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 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 optimizing portfolio, what is the purpose of using this analysis?

Options:

A.

To study the capability of resources, match them against the portfolio’s objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands

B.

Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components

C.

To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio

D.

It enables the organization to achieve maximum portfolio benefits given current resource constraints

Expert Solution
Questions # 54:

In your opinion as a portfolio manager, which of the following is considered one of the portfolio's concerns?

Options:

A.

Determining how to balance components given the organization’s capacities and capabilities

B.

Maximizing financial value of the portfolio

C.

All of the options

D.

Tailoring the fit of the portfolio to the organizational strategy and objectives

Expert Solution
Questions # 55:

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. Metrics are used for measuring the performance. They need to be meaningful in order to be able to provide clear and logical targets, and in order to be able to be measured. Which guideline is used in order to develop meaningful measures?

Options:

A.

Specific, Meaningful, Achievable, Reachable, Timed

B.

Specific, Measurable, Attainable, Realistic, Time bound

C.

Specific, Meaningful, Accurate, Reachable, Timed

D.

Strong, Meaningful, Accurate, Reachable, Timed

Expert Solution
Questions # 56:

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?

Options:

A.

Select primary and alternative strategies

B.

Make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions

C.

All of the options

D.

Develop contingency plans and identify the conditions which trigger their execution

Expert Solution
Questions # 57:

Assume you work for a technology company that is publically owned, and the value of its stock is tracked daily by the CFO and is reported to the portfolio manager. Quarterly meetings are held with stockholders as the company went public through an Initial public offering (IPO) last year. These stockholders:

Options:

A.

Have different communications requirements than other stakeholders

B.

Typically receive information as to the portfolio health before each meeting

C.

Want to attend all Portfolio Review Board meetings

D.

Are considered external stakeholders

Expert Solution
Questions # 58:

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. Which of the following highlights this difference?

Options:

A.

Project and Programs risks are combined in order to develop the portfolio risk register as an aggregation of both

B.

Risks at project and programs level can be eliminated, but not at portfolio level

C.

Portfolio risks are inter-components risks, while program and project risks are not

D.

Project and Program risks are risks within the boundaries of the project or program, while portfolio risks can span the organizational level

Expert Solution
Questions # 59:

Multiple communication methods are used by the portfolio manager in order to proactively convey messages and engage the stakeholders at the right time and in the right manner. Which tool is used to visually convey multiple messages at the same time?

Options:

A.

Efficient Frontiers

B.

Dashboards

C.

Communication Calendar

D.

Resource sheets

Expert Solution
Questions # 60:

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. Which of the following methods are helpful to you?

Options:

A.

Elicitation techniques, Capability & Capacity Analysis, PMIS

B.

Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative Analysis

C.

Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis

D.

Elicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis

Expert Solution
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