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  • Exam Name: Portfolio Management Professional (PfMP)
  • Last Update: 08-Oct-2024
  • Questions and Answers: 495
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PfMP Questions and Answers

Question # 1

You have set a series of meetings with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. As a result you have defined and developed the portfolio strategic goals, near-term budgets, and plans, and you now want to start managing ongoing portfolio activities. What is the focus of what you are doing?

A.

Authorizing the portfolio

B.

All of the options

C.

Achieving Results

D.

Initiating the portfolio

Question # 2

The portfolio management process ensures the components are aligned to goals. However, it is driven by:

A.

Viability

B.

Value and benefits

C.

Organizational strategy and objectives

D.

Interdependencies and resource constraints

Question # 3

As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Stakeholder matrix is one of the prepared documents, what does it include?

A.

Stakeholders quadrants showing the level of interest and influence

B.

Stakeholders roles, interests, expectations and groups

C.

Intended recipients, communication vehicles, frequency and communication areas

D.

Representation of all of the communication for the portfolio and their frequency over a period of time

Question # 4

Your sponsor has urged you to analyze Portfolio Risk before the end-of-week governance board meeting as the CEO will be present and is interested in Portfolio risk data in particular. Currently, you do not have adequate risk information in order to analyze data and give recommendations. Which tool is the most suitable for you to use in this case?

A.

Cumulative distribution

B.

Weighted Ranking and Scoring Techniques

C.

Delphi

D.

Graphical Analytical methods

Question # 5

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?

A.

PMO does not have a role in the development or update of performance metrics; it should only offer support to Portfolio Manager with the needed templates to develop metrics

B.

The Portfolio Manager develops and updates the portfolio metrics and the PMO approves them

C.

PMO should work hand in hand with the governance board to approve the performance metrics

D.

PMO should be prepared to develop new metrics when appropriate and delete or change metrics that are no longer relevant

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