pmi pfmp practice test
portfolio management professional
Question 1
You have proposed a portfolio governance model to your company, but an executive told that the current culture might not be flexible enough to change the organizational structure. What kind of risks did the executive raise?
- A. Cultural risk
- B. Execution risk
- C. Portfolio risk
- D. Structural risk
Answer:
c
Question 2
A researcher at your organization has several patents and unique skill sets. How do you maximize the use of this human resource for your portfolio?
- A. Use resource histograms to align resource effort with organization priorities
- B. Minimize the dependency on an individual
- C. Commit this resource to active portfolio components using soft booking
- D. Negotiate longer working hours with this resource
Answer:
c
Question 3
A portfolio manager is having a status meeting with the various program managers within the portfolio. One of the program managers mentions a new risk that may impact a deliverable. While it has a low probability, the risk would nearly double the programs costs and affect the overall portfolio if it occurred.
The best course of action for the portfolio manager to take is to:
- A. advise the program manager to manage low probability risks within the program and escalate them if their probabilities increase.
- B. ensure contingency reserves are allocated and application approaches are developed.
- C. escalate new portfolio risks to the steering committee in accordance with the risk management plan.
- D. perform a risk assessment with subject matter experts to understand the risks impact.
Answer:
c
Question 4
You have found that one of the vendors had a low reputation, and you are worried that they would provide low-quality service for your portfolio. What should you do next?
- A. Disapprove the project using this vendor
- B. Record this in the risk register
- C. Update the risk management plan
- D. Communicate the risk to stakeholders
Answer:
b
Question 5
You are planning to set up a regular portfolio oversight meeting. How do you ensure stakeholder communication requirements are met?
- A. Use a dashboard to increase transparency
- B. Ensure the meeting is aligned with the communication management plan
- C. Engage stakeholders to ensure their needs are met
- D. Ensure stakeholders available to join the meeting
Answer:
c
Question 6
Which of the following is not an investment choice tool?
- A. Trade-off analysis determines the effect of changing one or more factors of the portfolio
- B. The use of spreadsheets or other tools to examine factors of interest
- C. Budget variability determines the effect of changing the portfolio
- D. Time-to-market variability determines the effects of portfolio velocity
Answer:
b
Question 7
After developing a portfolio strategic plan, you create various portfolio scenarios using different combinations of both potential components and current components, evaluating their possible outcomes based on multiple assumptions? Which process are you doing?
- A. Develop Portfolio Charter
- B. Optimize Portfolio
- C. Develop Portfolio Roadmap
- D. Manage Strategic Change
Answer:
a
Question 8
Which of the following are portfolio process assets?
- A. List of portfolio components
- B. Portfolio budget
- C. Portfolio risk register
- D. All the above
Answer:
d
Question 9
A portfolio manager should conduct organizational capability and capacity analyses in three areas over the lifecycle of the portfolio. Which type of capability and capacity analysis should a portfolio manager conduct to select portfolio components and constraints?
- A. Human
- B. Financial
- C. Asset
- D. Risk
Answer:
abc
Question 10
Which is the most critical risk based on probability and impact?
- A. A
- B. D
- C. C
- D. B
Answer:
a