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PMI PfMP Exam Syllabus Topics:

SectionWeightObjectives
Portfolio Risk Management15%- Develop and implement risk responses
- Identify and analyze portfolio risks
- Monitor aggregate risk exposure
- Develop risk management plan
Portfolio Performance25%- Conduct portfolio reviews and assessments
- Develop performance management plan
- Manage portfolio value and benefits realization
- Establish key performance indicators
Communications Management15%- Identify and analyze stakeholders
- Distribute information and manage engagement
- Develop communication strategy and plan
- Monitor and improve communication effectiveness
Strategic Alignment25%- Prioritize portfolio components based on strategic value
- Develop portfolio charter
- Develop and maintain portfolio strategic plan
- Define portfolio goals and objectives
- Manage strategic change
Governance20%- Oversee component authorization and approval
- Ensure compliance with policies and standards
- Define governance roles and responsibilities
- Establish portfolio management information system

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PMI Portfolio Management Professional (PfMP) Sample Questions (Q262-Q267):

NEW QUESTION # 262
Updates to schedules i.e. resource, funding, benefits, are results of Developing the Portfolio Performance Management Plan process. Where should these updates be recorded?

Answer: A

Explanation:
Explanation
Portfolio Process Assets include formal and informal plans, policies, procedures, and guidelines. In addition to portfolio related knowledge bases, such as lessons learned and historical information. And last but not least they include information on tools, techniques, models, integrated schedules, and risk and performance data.
In our scenario, we are updating the integrated schedules which is part of the PPA's. Always remember that plans only include guidelines and approaches, they do not include specificities!


NEW QUESTION # 263
A portfolio manager has a controversial recommendation for the portfolio and expects the steering committee to be divided about it. To most effectively achieve alignment among the steering committee members, how should the portfolio manager proceed?

Answer: A


NEW QUESTION # 264
You have set a meeting with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. One of your team members asked you of the goal of what is being done. Your answer to him should be

Answer: B

Explanation:
Explanation
The scenario targets the defining Process Group and asks about its end goal. This process establishes how the organizational strategy and objectives will be implemented in your portfolio and for developing the portfolio management plan and its subsidiary plans, etc. as a result of updates in plans, near-term budgets, etc. (SPM V3 Page 31 - 3.1.1). The Defining Process Group end goal is define and plan execution of the portfolio processes by developing/updating the portfolio strategic plan, charter, and the portfolio management plan and to define the portfolio and portfolio roadmap. (SPM V3 Page 176) The correct answer is Developing specific portfolio assets i.e. plans, artifacts (charter, roadmap), etc.


NEW QUESTION # 265
Working to best optimize resource supply and demand in your telecom company, authorized components are prioritized to help in resource allocation. This means as you work to do so, you need to review the portfolio because:

Answer: D


NEW QUESTION # 266
A new portfolio is initiated with you as the portfolio manager, you started by developing the portfolio strategic plan and are currently reviewing the Organizational Process Assets; which of the options can be a part of this input?

Answer: A

Explanation:
Explanation
Inventory of work is an input to this process and not part of another input; the list of portfolio components with their selection criteria and related files are Portfolio Process Assets. IT Strategies and Policies is the only option pointing to organizational process assets


NEW QUESTION # 267
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