PMI PfMP Test Topics Pdf - Exam PfMP Cram Review

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PMI PfMP Exam Syllabus Topics:

Section	Weight	Objectives
Portfolio Risk Management	15%	- Portfolio-level risk responses - Aggregate risk identification and analysis
Governance	20%	- Control structures and thresholds - Decision rights and roles
Portfolio Performance	25%	- Performance monitoring and reporting - Balancing and benefits realization
Strategic Alignment	25%	- Portfolio chartering and selection criteria - Roadmap and strategic fit
Communications Management	15%	- Executive engagement and reporting - Stakeholder communication strategies

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PMI Portfolio Management Professional (PfMP) Sample Questions (Q183-Q188):

NEW QUESTION # 183
An active portfolio's performance is being reviewed in a portfolio governance meeting in a large organization. A key stakeholder expresses a desire to know how a program within the portfolio is meeting its objectives, specifically how the program's performance compares with planned outcomes.
One of the primary documents that the portfolio manager should request from the program manager in order to satisfy the stakeholder's request is the program:

A. business case.
B. master schedule.
C. financial analysis.
D. benefits realization plan.

Answer: D

NEW QUESTION # 184
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?

A. All of the options
B. Develop contingency plans and identify the conditions which trigger their execution
C. Select primary and alternative strategies
D. Make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions

Answer: A

Explanation:
Explanation
Several risk response strategies can be considered for each risk. The portfolio manager, along with the risk owner, should select the strategy or mix of strategies most likely to be effective. The risk owner should make decisions to choose the most appropriate response strategy or mix of strategies and develop specific actions to implement those decisions. The risk owner may select primary and alternative strategies. The risk owner may develop contingency plans and identify the conditions which trigger their execution. Often a contingency reserve is allocated for time or cost. Finally, the risk owner may develop a fallback plan for execution if the selected strategy is not sufficiently effective

NEW QUESTION # 185
Assume you are creating a roadmap for your portfolio and will present it to key stakeholders and then to the Portfolio Review Board. You realize you will be adding additional detail to it, but you also believe its graphical format will be useful. In developing it, you decide to reference prioritization, dependencies, and organizational areas so you should consult the:

A. Organization's strategic plan
B. Portfolio charter
C. Portfolio strategic plan
D. Portfolio management plan

Answer: B

NEW QUESTION # 186
Assume your airline just merged with a competitor, making it the largest in the country. Your company has a defined portfolio management process in place, which is considered effective by your executives. The other airline uses a more informal approach. Executives from both airlines now have different philosophies concerning new work to be pursued to be the leading airline in the country. In terms of the Authorize Portfolio process, this means:

A. An outsider should be hired as the portfolio manager for objectivity
B. The portfolio requirements should be evaluated
C. The complete portfolio process will require changes
D. The portfolio management information systems will require consolidation

Answer: B

NEW QUESTION # 187
Which of the following are the key activities with the "Define Portfolio" process?

A. Evaluating portfolio components with a ranking and scoring model comprising weighted key criteria
B. Determining resource (human, assets, and technology) capability, resource capacity available, and constraints for portfolio components
C. Categorizing portfolio components to which a common set of decision filters and criteria may be applied
D. Evaluating and determining performance and expected value and benefits (financial and non- financial) of portfolio components

Answer: A,C

NEW QUESTION # 188
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