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The PfMP certification exam is a rigorous, four-hour exam that evaluates the professional’s knowledge, skills, and abilities in portfolio management. PfMP Exam consists of 170 multiple-choice questions that cover five domains of portfolio management, including portfolio strategic alignment, portfolio governance, portfolio performance management, portfolio risk management, and portfolio communication management. PfMP exam is computer-based and is available at PMI testing centers worldwide. To be eligible for the PfMP certification, professionals must have a minimum of 8 years of professional experience, including at least 4 years of experience in portfolio management, and a bachelor’s degree or equivalent.
NEW QUESTION # 410
You're performing capability and capacity analysis to develop a portfolio performance management plan. What may be included in the capability and capacity analysis? (Choose two.)
Answer: A,D
NEW QUESTION # 411
A portfolio manager needs to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery, in addition to managing communication, risk, etc. For this you develop a robust Portfolio Management Plan. Which of the below is not a part of this plan?
Answer: A
Explanation:
According to the Standard for Portfolio Management, there is a specific distinction between the Portfolio Strategic Plan and the Portfolio Management Plan.
Portfolio Strategic Plan (Option C): This is an input to the development of the Portfolio Management Plan, not a component of it. The Strategic Plan is a high-level document that defines the strategic vision, objectives, and investment categories. It is created during the Strategic Management process to guide the selection of components.
Portfolio Management Plan: This is the overarching "how-to" document that describes how the portfolio will be managed, executed, and controlled. It is a collection of subsidiary plans and management frameworks. Per the standard, its components typically include:
Portfolio Performance Management Plan (Option D): Defines how to track and report on portfolio value.
Portfolio Communication Management Plan (Option B): Defines the communication requirements for stakeholders.
Change Control and Management (Option A): Defines the processes for managing changes to the portfolio's scope, components, and mix.
Portfolio Risk Management Plan: Defines the approach to risk.
Portfolio Resource Management Plan: Outlines how resources are allocated and balanced.
In summary, the Strategic Plan tells you what you want to achieve (the "Destination"), while the Portfolio Management Plan (including options A, B, and D) tells you how you will manage the journey (the
"Roadmap"). Therefore, the Portfolio Strategic Plan exists as a prerequisite or foundational document outside the Portfolio Management Plan itself.
NEW QUESTION # 412
One of your component managers has submitted his resignation and left the company; a new program manager joins the portfolio replacing him. Which document you use to inform the new program manager about his responsibilities in the portfolio?
Answer: C
NEW QUESTION # 413
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
NEW QUESTION # 414
In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following are considered outputs to the Manage Portfolio Information process?
Answer: D
Explanation:
Explanation
The answer to this question is Portfolio Process Assets updates, Portfolio Management Plan updates, Portfolio Reports
NEW QUESTION # 415
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