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Complete PfMP PMI Materials

Page: 4 / 19
Total 495 questions

Portfolio Management Professional (PfMP) Questions and Answers

Question 13

While managing portfolio communications, the portfolio manager needs to account for the communication needs of the component teams in order for them to stay in the loop of the big picture. Which of the following can be of interest to this group of stakeholders?

Options:

A.

To know about the portfolio changes, risks and issues that may affect their components

B.

To be informed regularly of the portfolio progress so they can adjust their work accordingly

C.

To be informed of all portfolio changes so they can assess which changes affect their components

D.

To know about the portfolio changes, risks and issues that may affect their components, and to do interdependency management in order to cover any dependent component's issues

Question 14

In your diversified chicken products company, your portfolio of components in progress consists of approximately 175 programs, projects, and other work. Generally, at each Portfolio Review Board meeting, about 35 new proposals are reviewed to see if they should be part of the portfolio. As the portfolio manager, you have set up categories for these components. They are useful to facilitate portfolio optimization because:

Options:

A.

They use filtering to eliminate certain components from consideration

B.

They help identify the components that meet requirements for consideration

C.

They serve as key evaluation criteria

D.

They address organizational strategy and objectives

Question 15

Assume you work in a weak matrix structure in your pharmaceutical company in which most of the program and project managers are coordinators, and most of the staff that supports them are in functional organizations. On some high priority programs, staff may be dedicated to the program full time for a short time period; however, operational work often takes precedence especially in manufacturing. The demand for some of the pharmaceutical products often outpaces the available supply, and shelf life is short. These fluctuations of resources then:

Options:

A.

Require use of resource smoothing

B.

Led to the development of resource heuristics as to how best to manage the portfolio

C.

Require sign-offs from functional managers on the portfolio charter concerning resource availability

D.

Impact the availability of the work managed within the portfolio

Question 16

Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. When it comes to managing portfolio risks, which of the following activities is used

Options:

A.

Risk Response

B.

Risk Assessment and Risk Response

C.

Risk Planning

D.

Risk Assessment

Page: 4 / 19
Total 495 questions