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PMI PfMP Exam Syllabus Topics:

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

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PMI Portfolio Management Professional (PfMP) Sample Questions (Q709-Q714):

NEW QUESTION # 709
When are portfolio components evaluated and compared in an organization that has a low risk tolerance and a business strategy focused on increasing market share, revenue, and profits for the organization?

Answer: A


NEW QUESTION # 710
Chartering a portfolio is a major step in getting the needed authorizations to execute the portfolio. You are currently developing the charter and considering the following inputs

Answer: D

Explanation:
The Portfolio Charter is the document that formally authorizes the existence of a portfolio and provides the portfolio manager with the authority to apply organizational resources to portfolio components. According to the Standard for Portfolio Management, specifically within the Portfolio Strategic Management domain, the process of Develop Portfolio Charter relies on a specific set of high-level foundational inputs.
The verified inputs for developing the Portfolio Charter include:
Portfolio Strategic Plan: This is the primary driver. It provides the strategic goals, objectives, and investment allocations that the charter must authorize. The charter essentially "codifies" the intent of the Strategic Plan.
Enterprise Environmental Factors (EEFs): These are the external and internal factors that influence the portfolio's success but are not under the immediate control of the portfolio team (e.g., market conditions, organizational culture, regulatory environment).
Portfolio Process Assets (PPAs): These are the organization's existing processes, templates, and historical data that guide how a charter should be structured and what governance standards it must meet.
Why other options are incorrect:
B). Portfolio: "The Portfolio" (the collection of components) is an output of the Define Portfolio process, which happens after the charter has been established and authorized. You cannot use the portfolio to create the document that authorizes the creation of the portfolio itself.
C). Portfolio Management Plan: This is a comprehensive document that describes how the portfolio will be managed. It is developed later in the planning cycle using the Charter as an input. It cannot be an input to its own precursor.
D). Portfolio Roadmap: Similar to the Management Plan, the Roadmap is a high-level visual representation of the portfolio's execution over time. It is typically developed or refined during the Define Portfolio process after the charter has provided the initial strategic mandate.


NEW QUESTION # 711
You have been assigned as a consultant to give your expertise on a failing portfolio which is critical to the success of your client's organization. You are now in the process of reviewing the portfolio management plan.
What do you expect to see as part of this plan?

Answer: D


NEW QUESTION # 712
Following a major organizational restructuring, new portfolios are currently being initiated. You have been assigned the position of portfolio manager on one of the major portfolios and are currently in strategic management. You are currently meeting with stakeholders to document the internal and external financial dependencies and shared resources between different portfolio components.
Which of the following techniques are you performing

Answer: B


NEW QUESTION # 713
Assume you are responsible for portfolio management in your organization. You are responsible for managing the value of the portfolio and for recommending changes to your Portfolio Review Board to enhance its value. To do so, you monitor benefits, interdependencies between components, changes, and responsibilities and accountabilities as stated in the:

Answer: A


NEW QUESTION # 714
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