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PMI PfMP Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Portfolio Performance	25%
Topic 2: Strategic Alignment	25%
Topic 3: Governance	25%
Topic 4: Portfolio Risk Management	25%

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PfMP Training Tools | Exam Sample PfMP Questions

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PMI Portfolio Management Professional (PfMP) Sample Questions (Q184-Q189):

NEW QUESTION # 184
As you grow older, you gain more experience and things that once seemed hard to assimilate, can become very easy. One junior member of your portfolio management team is confused on the relationship between the Optimize, Authorize and Provide Oversight processes. What could your advice to him be?

A. The Optimize portfolio process is used to balance the portfolio so that the authorize portfolio and Provide Portfolio Oversight processes can start
B. The three processes are not related and are in different focus areas
C. The provide portfolio oversight process may trigger the other two processes as part of the review meetings
D. The Optimize portfolio comes first, then authorize portfolio and finally Provide Portfolio oversight

Answer: C

NEW QUESTION # 185
You are managing a big portfolio and have a lot of stakeholders, whether external or internal. You know that stakeholder engagement is crucial to the success of the portfolio and realize that in order to have proper stakeholders engagement you will need to

A. Meet regularly with all stakeholders
B. Develop a well-structured RACI matrix
C. Update your communication management plan
D. Engage regularly with key stakeholders through formal and informal communication means

Answer: B

Explanation:
Explanation
Although updates to the communication management plan and continuous engagement is needed, it is crucial for the portfolio manager to be able to properly engage each stakeholders based on the RACI matrix. RACI is a responsibility assignment chart that maps out every task, milestone or key decision involved in completing a project and assigns which roles are: Responsible for each action item, which personnel are Accountable, and, where appropriate, who needs to be Consulted or Informed

NEW QUESTION # 186
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. Budget variability determines the effect of changing the portfolio
C. Time-to-market variability determines the effects of portfolio velocity
D. The use of spreadsheets or other tools to examine factors of interest

Answer: D

NEW QUESTION # 187
You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The portfolio roadmap is an important document used throughout the portfolio life cycle; when it comes to developing the portfolio communication management plan, which of the following options is correct

A. The portfolio roadmap helps with the understanding of the structure of the portfolio and interdependencies among the portfolio components
B. The portfolio roadmap provides a high-level timeline for expected portfolio component delivery
C. The portfolio roadmap provides the high-level strategic approach in a chronological fashion for portfolio management execution
D. The portfolio roadmap is necessary for this process because it summarizes strategic objectives, evolving aspects of the strategy by organizational areas, portfolio milestones, dependencies, challenges, and risks

Answer: A

NEW QUESTION # 188
One of your goals as a portfolio manager is to ensure that your stakeholders receive the information they need for decision making. To help manage the portfolio information that is provided, you decide to gather information by holding portfoliocomponentreview meetings. Your purpose in holding these meetings is to:

A. Work with component managers to plan dashboard reports
B. Validate data that now are in the reports
C. Use them to introduce the portfolio management information system
D. Ensure the components can provide the data required for status reports

Answer: B

Explanation:
In theStandard for Portfolio Management, theMonitor and Control Portfolio RisksandManage Portfolio Performanceprocesses rely heavily on the accuracy of the data flowing from individual components. Portfolio- level decision-making is only as good as the integrity of the information being aggregated.
The rationale forOption Cis as follows:
Data Integrity and Quality:The primary purpose of holding review meetings at the component level is tovalidate the data. Before this information is summarized for the Portfolio Review Board or executive leadership, the portfolio manager must ensure that the progress, budget consumption, and risk levels reported by component managers are accurate, consistent, and reflect the actual state of the work.
Identifying Discrepancies:These meetings allow for a "deep dive" into the metrics. If a project report shows it is "on track" but the resource burn rate is 50% over budget, the review meeting serves as the venue to reconcile these differences and ensure the portfolio-level report is truthful.
Supporting Governance:Validated data is the foundation ofPortfolio Governance. By ensuring the reports are accurate, the portfolio manager provides the governing body with the confidence needed to make critical "Go
/No-Go" decisions, reallocate resources, or pivot strategy.
Why the other options are incorrect:
Option A (Ensure data for status reports):While providing data is necessary, thegatheringof data is a mechanical reporting requirement. Thepurposeof the meeting is the qualitative step of ensuring that the data already provided is correct (validation).
Option B (Introduce the PMIS):Introducing the Portfolio Management Information System (PMIS) is a training or implementation activity. It is not a recurring purpose of component review meetings, which are focused on ongoing performance.
Option D (Plan dashboard reports):Designing or planning dashboards is a part of theCommunications Management Plandevelopment. Review meetings are for the execution phase-using and verifying the data that populates those dashboards.

NEW QUESTION # 189
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