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| Certification Vendor: | Project Management Institute (PMI) |
|---|---|
| Exam Name: | Portfolio Management Professional (PfMP)® |
| Exam Number: | PfMP |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 170 (150 scored + 20 pretest) |
| Exam Duration: | 240 minutes |
| Available Languages: | English |
| Related Certifications: | PMP® (Project Management Professional) PgMP® (Program Management Professional) PMI-ACP® (Agile Certified Practitioner) |
| Exam Price: | Member: $800 USD; Non-member: $1,000 USD |
| Sample Questions: | PMI PfMP Sample Questions |
| Exam Way: | Computer-Based Testing at Pearson VUE or selected testing centers |
| Pre Condition: | Applicants must meet experience requirements including 8+ years professional business experience and portfolio management experience based on PMI eligibility sets (varies by education level). |
| Official Syllabus URL: | https://www.pmi.org/certifications/portfolio-management-pfmp |
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PMI PfMP certification exam includes 170 multiple-choice questions that cover various aspects of portfolio management, such as portfolio governance, portfolio performance management, and portfolio risk management. PfMP exam is divided into four domains, which are strategic alignment, governance, portfolio performance management, and portfolio risk management. Candidates must demonstrate their knowledge and expertise in each of these domains to pass the exam and earn the certification. The PMI PfMP Certification is ideal for professionals who are looking to advance their careers in portfolio management and want to demonstrate their expertise to their employers and clients.
NEW QUESTION # 142
The Portfolio Management Office plays an integral role in Portfolio Management and offers support to the portfolio manager throughout the portfolio life cycle. What is the role of the PMO with respect to the portfolio performance metrics?
Answer: A
NEW QUESTION # 143
One of the junior portfolio managers learned that she needs to use the roadmap as an input to the portfolio management plan development. She does not understand why, and she came to you for advice. What is your advice to her?
Answer: C
Explanation:
Explanation
The prioritization model is provided by the strategic plan; portfolio structure is provided by the charter; the correct option as per the standard is that high-level timelines in roadmap are used to define low-level schedule and timelines for portfolio components
NEW QUESTION # 144
The portfolio management information system (PMIS) is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage systems to support a successful portfolio. Which of the following is a trait of a PMIS?
Answer: C
NEW QUESTION # 145
Following an organizational change and restructuring. One of the Portfolio Key Stakeholders got a promotion and became a director. She became less interested in your portfolio and you used to engage her very closely.
What is your best course of action in this case?
Answer: A
Explanation:
According to the Standard for Portfolio Management (PMI) regarding Portfolio Stakeholder Management, stakeholders are dynamic, and their roles, influence, and interest levels fluctuate throughout the portfolio lifecycle. When a major organizational change occurs-such as a promotion to a Director level-the Portfolio Manager must proactively manage the transition.
Re-evaluating Requirements: A promotion often changes a stakeholder's strategic focus, KPIs, and available time. While she was previously "Engaged Closely," her new role as a Director may require a different type of information or a different frequency of communication. Option D is the best course of action because it follows the professional standard of Stakeholder Identification and Analysis. You must meet with her to understand her new expectations and how the portfolio now fits into her expanded departmental goals.
The Power/Interest Grid: Before simply moving a stakeholder to a different quadrant in the Power/Interest Grid (as suggested in Option A), a Portfolio Manager must first perform the analysis to justify that move. You cannot assume she is "low interest" permanently without first confirming her new requirements.
Why other options are incorrect:
A). Move her to the third quadrant: This is a result of the analysis, not the action to take. You cannot update the stakeholder registry or communication plan accurately without the meeting described in Option D.
B). Escalate to the steering committee: Escalation is a last resort for conflict or resource issues. A stakeholder getting a promotion is a routine organizational event that the Portfolio Manager should handle directly.
C). Continue as normal: This is a passive approach that leads to "Stakeholder Drift," where a high-power individual becomes disconnected from the portfolio, potentially leading to a lack of support or budget cuts later.
By meeting with the stakeholder, you ensure that the Portfolio Communication Management Plan remains aligned with the current organizational structure, ensuring the Director remains a supporter of the portfolio's strategic value.
NEW QUESTION # 146
A portfolio charter may include a:
Answer: A
NEW QUESTION # 147
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