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Portfolio Management Professional (PfMP)

Last Update 22 hours ago Total Questions : 495

The Portfolio Management Professional (PfMP) content is now fully updated, with all current exam questions added 22 hours ago. Deciding to include PfMP practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our PfMP exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these PfMP sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Portfolio Management Professional (PfMP) practice test comfortably within the allotted time.

Question # 4

Portfolio Prioritization Model is included in the Portfolio management plan and guides the ongoing decisions as to which portfolio components should be added, terminated, or changed; which of the following is correct regarding the Prioritization Model purpose and content?

A.

All of the options

B.

Ensures benefits are comprehensively and holistically taken into consideration

C.

Contains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment risks, and dependencies

D.

Establishes and tailors the decision-making rights and authorities

Question # 5

As a portfolio manager you try to use all the information available to you in order to get the best out of the existing information and to better plan and manage the portfolio. The Enterprise Environmental Factors are important and referenced throughout the portfolio life cycle. Which of the following is correct regarding their purpose and focus?

A.

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

B.

High-level prioritization mapping of the portfolio

C.

Organization’s overall governance processes

D.

Establish communication requirements

Question # 6

Assume you have been asked to prepare the portfolio management plan as you are on the staff of your company's Chief Portfolio Officer. In this plan, you will describe the different methods or approaches that your company will use to manage different types of components in the portfolio as specified in the:

A.

Strategic plan

B.

Governance model

C.

Roadmap

D.

Charter

Question # 7

A junior Portfolio manager has come to you for advice. He is hearing a lot about the definition of portfolio management, however, he is not sure anymore of the exact one. What do you, as an experienced portfolio manager tell him?

A.

In a portfolio, the Portfolio manager follows the portfolio management processes linearly and does not need to repeat a process once finished

B.

Generally, you have a single portfolio in an organization, and all other portfolios are sub-portfolios of it

C.

A portfolio is a component collection of programs, projects, or operations managed as a group to achieve strategic objectives

D.

A portfolio has clear start and end dates in order for the organization to be able to know when to achieve its strategic objectives

Question # 8

As part of the new strategic direction, the executive management has decided to create a portfolio for the development of a new product. You have been assigned as the portfolio manager. What should you do as a first step?

A.

Update the Strategic Plan

B.

Update existing portfolio

C.

Develop the Strategic Plan

D.

Check existing portfolios, programs and projects

Question # 9

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 currently defining the portfolio and with the purpose of

A.

Creating an up-to-date list of qualified portfolio component

B.

Allocating resources to develop component proposals or execute portfolio components

C.

Balancing the portfolio for performance and value delivery

D.

Making Governance Decisions

Question # 10

A portfolio manager on one of the major sub-portfolios in your portfolio has tendered his resignation and gave you a 2 months notice. This unexpected change will require you to take immediate action with the governance board. Which of the following processes will be handling this situation?

A.

Manage Portfolio Risk

B.

Provide Portfolio Oversight

C.

Manage strategic change

D.

Manage Supply & Demand

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