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| Certification Vendor: | Project Management Institute (PMI) |
|---|---|
| Exam Name: | Portfolio Management Professional (PfMP) Certification Exam |
| Exam Number: | PfMP |
| Passing Score: | Not publicly disclosed |
| Exam Price: | $640 (PMI members), $800 (non-members) |
| Related Certifications: | Project Management Professional (PMP) Program Management Professional (PgMP) |
| Exam Format: | Scenario-based, Multiple-choice, Computer-based testing |
| Certificate Validity Period: | 3 years |
| Exam Duration: | 240 minutes |
| Real Exam Qty: | 170 |
| Available Languages: | English |
| Recommended Training: | PMI Standard for Portfolio Management |
| Exam Registration: | PMI Official Registration |
| Sample Questions: | PMI PfMP Sample Questions |
| Exam Way: | Computer-based testing (on-site at Pearson VUE centers or online proctored) |
| Pre Condition: | Set A: High school diploma + 96 months business experience + 84 months portfolio management experience; Set B: Bachelor's degree + 96 months business experience + 48 months portfolio management experience; Set C: GAC-accredited bachelor's + 96 months business experience + 36 months portfolio management experience |
| Official Syllabus URL: | https://www.pmi.org/certifications/portfolio-management-pfmp |
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To be eligible to take the PfMP Exam, candidates must have at least eight years of professional experience in portfolio management and a bachelor's degree (or equivalent). Alternatively, they can have a high school diploma (or equivalent) and at least ten years of experience in portfolio management. In addition, candidates must have completed at least one portfolio management training course and have led the management of at least one portfolio that meets certain criteria.
NEW QUESTION # 409
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. 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 is not a risk strategy?
Answer: D
Explanation:
Explanation
Strategies may include: response strategy selection, strategies for both threats and opportunities, and scenario analysis. The risk owner may develop a fallback plan for execution if the selected strategy is not sufficiently effective. So the fallback plan is a result of a failed strategy
NEW QUESTION # 410
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 in the middle of developing the strategic plan and require the following inputs
Answer: C
NEW QUESTION # 411
Which of the following is not a tool or technique for developing a portfolio risks management plan?
Answer: A
NEW QUESTION # 412
You are the portfolio manager for your military-vehicle service firm, which has been in existence for 20 years.
You have a number of components under way, and others in the pipeline. One component involves a new gas detection system, which uses new technology. It has interfaces with two other existing components plus one in development. Recently, a simulator, used by three components, had to be shut down completely as it was leaking nitrogen and could lead to asphyxiation. You reported it immediately to the Hazardous Materials and Pipeline Safety Administration. This is an example of a:
Answer: B
NEW QUESTION # 413
Portfolios have a lot of components in them and are executed along an extended lifecycle. For this, as a portfolio manager, you continuously monitor and control the progress and status. What input can you use to help you with this?
Answer: D
Explanation:
According to theStandard for Portfolio Management(PMI), theMonitor Portfolioprocess is an ongoing activity used to ensure the portfolio is performing according to plan and remains aligned with strategic objectives. To do this effectively, the Portfolio Manager requires a specific set of inputs that provide both the "baseline" (what should happen) and the "current status" (what is actually happening).
Roadmap:Provides the high-level chronological view of all portfolio components and milestones, allowing the manager to track progress against the planned timeline.
Portfolio Management Plan:The primary reference forhowthe portfolio should be managed, including performance thresholds, governance rules, and communication requirements.
Portfolio:In this context, the "Portfolio" refers to the current collection of components (projects, programs, and operations) that are being tracked.
Portfolio Reports:These are essential inputs because they contain the aggregated performance data from the individual components (e.g., status updates, health indicators, and financial data).
Portfolio Process Assets (PPAs):These include the organization's existing tools, templates, and historical data that facilitate monitoring and controlling (e.g., specialized software or reporting formats).
Why other options are incorrect based on the Standard:
A). Enterprise Environmental Factors (EEFs):While EEFs influence the portfolio, they are typically external conditions (market trends, regulations). Monitoring theprogress and statusof the portfolio relies more heavily on internal process assets (PPAs) than external environment factors.
C). Portfolio Organizational Process Assets:This is redundant or slightly incorrect terminology. The PMI standard uses "Portfolio Process Assets" or "Organizational Process Assets." The specific term for portfolio- specific assets isPPAs.
D). Portfolio Strategic Plan:While important, the Strategic Plan is a high-level directional document. For the day-to-day monitoring and controlling ofprogress and status, thePortfolio Management Plan(which contains the operational details and subsidiary plans) is the more relevant input.
In summary,Option Blists the comprehensive set of tools and data sources needed to provide a clear picture of the portfolio's current health and trajectory.
NEW QUESTION # 414
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