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All PfMP Test Inside PMI Questions

Page: 10 / 19
Total 495 questions

Portfolio Management Professional (PfMP) Questions and Answers

Question 37

You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. One of your team members came to you asking about the order of the steps used to perform risk management activities. What should be your answer to him?

Options:

A.

Risk Identification, Risk Assessment, Response Planning, Risk Response

B.

Risk Planning, Risk Assessment, Risk Response

C.

Response Planning, Risk Identification, Risk Assessment, Risk Response

D.

Risk Identification, Response Planning, Risk Assessment, Risk Response

Question 38

All measurements in a Portfolio are done in correspondence to Key Performance Indicators (KPIs), and defining those KPIs is essential and should be done by highly capable personnel. Which of the following is true regarding who prepares KPIs and which party approves them?

Options:

A.

Portfolio Management team and Portfolio Manager

B.

Portfolio Manager and Steering Committee

C.

Governance team and Executives

D.

Portfolio Management Team does both

Question 39

Assume you are the corporate portfolio manager for your global organization. There is one portfolio at the corporate level, but other portfolios supporting business units and core areas of the company. One of these portfolios involves manufacturing, and its number one program in terms of priorities is to implement an enterprise resource planning system. Since it is the number one ranked program in this portfolio, it is of interest at the corporate level, and you and your team provide reports on its progress monthly. You can see that:

Options:

A.

Since earned value is being used, at this point you report the ERP system will not meet its cost and schedule goals

B.

Extensive training will be needed after the program is complete, and an infrastructure does not exist to support the ERP system

C.

Use of the ERP vendor has been underestimated, and a business case will be needed for increased funding

D.

Inadequate, up-front financial planning was done when the business case was approved

Question 40

You are currently creating portfolio scenarios (what-if analysis) by reviewing components against prioritization criteria and using analysis techniques (e.g., options analysis, risk analysis, SWOT analysis, financial analysis). You are doing this in order to

Options:

A.

Understand the strategic priorities

B.

Create a basis for decision making

C.

Evaluate and select viable options

D.

Provide a guiding framework to operationalize the organizational strategic goals and objectives

Page: 10 / 19
Total 495 questions