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PfMP PDF Dumps | Jan 29, 2022 Recently Updated Questions
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NEW QUESTION 292
In a portfolio, data is an abundant asset, and managing the information aiming for a a better decision making is critical. For this you use a variety of Quantitative and Qualitative analysis methods. These methods are performed in 4 of the portfolio management processes and serve a slightly different purpose in each and every one of them. When it comes to the optimizing portfolio, what is the purpose of using this analysis?
- A. Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT analysis, Market/competitor analysis and business value analysis
- B. Performing Quantitative analysis and Sensitivity analysis
- C. Performing Status and trend analysis, Rebalancing methods, Investment choice tools, exposure charts
- D. Performing resource leveling, project sequencing techniques and dependency analysis
Answer: A
NEW QUESTION 293
As a portfolio manager you will use a variety of artifacts and documents that will help you better manage the portfolio and better communicate progress and status with stakeholders. The roadmap is considered the most used document in the portfolio and eases your work being able to present the status on a single graphical representation. Early on during the portfolio lifecycle, you prepare the roadmap. An output of this process is
- A. Portfolio update, Portfolio Roadmap
- B. Portfolio Roadmap
- C. Portfolio update, Portfolio Charter update, Portfolio Roadmap
- D. Portfolio Charter update, Portfolio Roadmap
Answer: B
Explanation:
Explanation
The answer to this question is Portfolio Roadmap
NEW QUESTION 294
When you are a portfolio manager, you need to do and re-do multiple processes in order to maintain the portfolio alignment to the changing strategies. Which of the following are considered outputs to the Develop Charter process?
- A. Portfolio Strategic Plan updates, Portfolio Charter, Portfolio Management Plan Updates
- B. Portfolio Strategic Plan updates, Portfolio Charter, Portfolio Reports
- C. Portfolio Strategic Plan updates, Portfolio Charter, Portfolio Roadmap Updates
- D. Portfolio Strategic Plan updates, Portfolio Charter, Portfolio Process Assets updates
Answer: D
Explanation:
Explanation
The answer to this question is Portfolio Strategic Plan updates, Portfolio Charter, Portfolio Process Assets updates
NEW QUESTION 295
A portfolio manager needs to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to the organization level. This analysis comprises which of the following?
- A. Assets
- B. Risk Tolerance
- C. Human Resources
- D. Financials
Answer: B
Explanation:
Explanation
This question is tricky, however the rationale behind it is based on closing in on the best possible answer.
When we talk about Organizational capability and capacity, the best answer would be the risk tolerance, because the Human Resources, Financials and Assets can constrain the number and size of components in a Portfolio, thus constraining the portfolio's scope in achieving strategic goals. In addition, the Human Resources, Financials and Assets can be manipulated by balancing portfolios or by acquiring External/Internal resources. However, the risk tolerance is the most important, because when its threshold is reached, the portfolio has the highest impact of being terminated. When it comes to the organization, the risk threshold is the most important aspect to be studied by the capability and capacity analysis
NEW QUESTION 296
Assume you are putting together for the Portfolio Review Board several options for consideration of potential components and current components. You are using an approach with different probabilities to determine outcomes and EMV. Which of the following would you recommend realizing Components A and B are new, while C and D are in progress:
- A. Component B
- B. Component D
- C. Component A
- D. Component C
Answer: C
NEW QUESTION 297
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?
- A. 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
- B. To be informed of all portfolio changes so they can assess which changes affect their components
- C. To know about the portfolio changes, risks and issues that may affect their components
- D. To be informed regularly of the portfolio progress so they can adjust their work accordingly
Answer: C
Explanation:
Explanation
The only option which is correct and which relates to this group of stakeholders is to know about the portfolio changes, risks and issues that may affect their components
NEW QUESTION 298
Your company's water treatment center serves three cities. Tests are conducted each day to see if the water is safe to drink. On Thursday, E coli were found in the water, but the water authority did not notify the citizens in the three cities. Instead, the citizens learned on Friday, the water was now safe to drink. The citizens are in an uproar, and your company is to blame. It is obvious one of the problems is the aging infrastructure and limited resources. To best optimize the portfolio, your CEO asked you to:
- A. Analyze the testing methods in use for effectiveness
- B. Reallocate financial and other resources to new components to avoid this problem in the future
- C. First determine why citizens were not aware of the problem
- D. Analyze the physical needs
Answer: D
NEW QUESTION 299
You are the manager of a major portfolio with a variety of stakeholders and stakeholder groups. you know that managing communication is key to success and you stress on maintaining a high communication level. You have just finalized the development of the Portfolio Communication Management Plan. Which of the following is correct regarding its purpose and focus?
- A. Articulates the options, preferences, and factors that will be considered in a specific portfolio
- B. Identifies recipients for information associated with the portfolio management process
- C. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio
- D. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components
Answer: D
NEW QUESTION 300
You are in the toughest phase of the portfolio life cycle due to the governmental issues in your country.
Yesterday night, one of the key team members quit and left the country. You have included this in the portfolio risk register while planning the portfolio because you knew that this could happen and that this key resource has family in Canada and can leave if the situation gets bad. Following this, you activated the response plan, which is to initiate a new component that will cater for reaching the deliverable in another way.
However, an immediate approval is needed for initiation of this component or the end-of-month major deliverable will be delayed. To whom you should present the proposal for urgent approval?
- A. You can take such decisions
- B. Portfolio Sponsor
- C. Executive Management
- D. Portfolio Governance Board
Answer: B
Explanation:
Explanation
This is an emergency, and scheduling a meeting with all the governance board members is usually a difficult thing to do on a short notice because the board contains executive members that are usually on a tight schedule.
In this case, you can recommend the initiation to the shorter group in the governance board through an expedited request, and inform the sponsor accordingly, however the shorter group here is not one of the options.
The sponsor can give his approval directly. Later, you will be communicating the change and the reason behind it to all related stakeholders.
NEW QUESTION 301
The portfolio management information system is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage information systems to support a successful portfolio, and includes tools and processes such as:
- A. Change or configuration management systems, Communication management processes and tools
- B. Software tools, Risk database and analysis tools, Earned value management processes and tools
- C. Financial management processes and systems, Communication management processes and tools
- D. All of the options
Answer: D
NEW QUESTION 302
Assume you are the portfolio manager for the Federal Railroad Administration. Funding is provided annually according to the Government's budget process. Any monies that are not spent at the end of a fiscal year are lost, and there are some restrictions in place concerning whether funds can be transferred to different programs, projects, or operations work in the agency. Therefore, to maximize the use of funding you require:
- A. Accurate estimates of the funds needed when the component is proposed for consideration
- B. Mechanisms for internal audits to ensure funds are allocated effectively
- C. Projections on a quarterly basis as to the funds components require
- D. Regular reports on funds for authorized components
Answer: D
NEW QUESTION 303
When initiating portfolio components and terminating other, you come up with updates to budget, funding and resources allocations. Where should these updates be recorded?
- A. Portfolio Management Plan updates
- B. Portfolio Updates
- C. Portfolio Reports
- D. Portfolio Process Assets updates
Answer: C
NEW QUESTION 304
You are managing a portfolio linked to multiple business units and you set clear accountabilities from the beginning to avoid delays and to enhance the decision making process. Roles and Responsibilities are recorded in multiple portfolio documents. Where are the portfolio component managers roles and responsibilities stored?
- A. Portfolio Process Assets
- B. Strategic Plan
- C. Specifically the Communication Management Plan
- D. Portfolio Management Plan
Answer: D
NEW QUESTION 305
As part of the strategic alignment, you Evaluate organizational strategic goals and objectives using document reviews, interviewing, and other information gathering techniques in order to
- A. Understand the strategic priorities
- B. Create a basis for decision making
- C. Create portfolio scenarios
- D. Provide a guiding framework to operationalize the organizational strategic goals and objectives
Answer: A
Explanation:
Explanation
As per the Portfolio Management Professional Exam Content Outline, you Evaluate organizational strategic goals and objectives using document reviews, interviewing, and other information gathering techniques in order to understand the strategic priorities
NEW QUESTION 306
As a portfolio manager, you know that optimizing a portfolio has the focus of maintaining a balanced portfolio. When optimizing a portfolio, what is the state of the portfolio components that will be balanced?
- A. Selected
- B. Identified
- C. Prioritized
- D. Scored And Ranked
Answer: C
NEW QUESTION 307
A portfolio manager needs to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to developing the charter, and in order to complete the portfolio structure, the capability and capacity analysis is used to
- A. Measure the internal resource capacity and establish the external resources availability
- B. Measure internal and external resources capabilities and capacities
- C. Measure availability and capability of internal resources and forecast the use of external resources
- D. Measure the internal resource availability and establish the external resources capacity
Answer: A
Explanation:
Explanation
Internal resource capacity is required to be measured and external resource availability is required to be established to complete the portfolio structure. These human resource, financial, and asset capacity considerations will be limiting factors for the number and size of portfolio components the organization can execute
NEW QUESTION 308
Your company is currently on the verge of bankruptcy due to the lack of transparency within the organization; this alerted the CEO to take decisive actions and request that new reporting lines be established in order to be fully transparent. Following this, the portfolio structure has changed to cope with the new reporting lines.
Where is this change reflected when it comes to portfolio documents?
- A. Portfolio Management Plan updates
- B. Portfolio Roadmap updates
- C. Portfolio Charter updates
- D. Portfolio Strategic Plan updates
Answer: C
NEW QUESTION 309
Your company acquired another company. The sponsor asked you to check the other company's current inventory of work and see what could be added to your current portfolio. You have a meeting coming up to show the sponsor the portfolio dependencies. Which document should you be showing him?
- A. Portfolio Roadmap
- B. Portfolio Management Plan
- C. Portfolio Charter
- D. Portfolio Strategic Plans of both, your portfolio and the ones of the other company
Answer: A
NEW QUESTION 310
Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. You are currently developing the guidelines and approaches for managing risks and are looking for methods to help you. What are you looking for?
- A. Capability & Capacity, Weighted Ranking and scoring techniques, Graphical Analytical methods, Quantitative & Qualitative Analysis
- B. Weighted Ranking and scoring techniques, Quantitative & Qualitative Analysis
- C. Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis
- D. Weighted Ranking and scoring techniques, Pf Component inventory, Categorization
Answer: C
NEW QUESTION 311
Due to market technological changes, your company got impacted and was urged to revise its portfolios. You are currently revising your portfolio to determine the required changes in the component mix. Which of the following options helps in assessing the capability of the organization to undertake the portfolio with its new strategic direction, and what is needed to be done?
- A. Readiness Assessment
- B. Interdependency Analysis
- C. Gap Analysis
- D. Capability and Capacity Analysis
Answer: A
Explanation:
Explanation
A readiness assessment is performed to assess how ready the organization is to perform the steps necessary to bridge the gap between the "as-is" portfolio state and the "to-be" state. The assessment determines the if, when, what, and how of implementing the change, and points out any needs not yet addressed that are required in order to affect the change
NEW QUESTION 312
Your team members were having a discussion about the contents of the Portfolio Charter and they came to you for advice because they could not agree on a common answer. What would be your advice to them?
- A. High-level scope and high-level timelines, critical success criteria and justification
- B. Scope and timelines, all success criteria and justification
- C. Scenario analysis, capability and capacity analysis
- D. Portfolio structure, scenario analysis, capability and capacity analysis
Answer: A
NEW QUESTION 313
Risk Management is integrated in all the other processes and process groups and is an integral recurrent activity throughout the portfolio life cycle. Which of the following is considered an external risk that can affect the portfolio?
- A. Technological Advancement
- B. Changing Priorities
- C. Corporate Strategies
- D. Bankruptcy
Answer: A
Explanation:
Explanation
Internal risk sources include potential risk sources within the organization where the portfolio resides, such as management decisions, bankruptcy, corruption, lack of integrity, shifting priorities, funding reallocation, and corporate/organizational realignments. External risk. Sources include competitors, the competitive market, the financial market, political events, legal requirements, natural events, technological advances, environmental concerns, regulatory requirements, and globalization pressures
NEW QUESTION 314
One of your portfolio team members is confused on the reason behind using the three processes: Define Portfolio, Optimize Portfolio, Authorize Portfolio and Manage Portfolio value. For him, we can skip a couple of processes. He came to you for advice. What should be your response to him?
- A. The processes are similar and can be skipped. The reason they exist in the standard is to cover the define, align, and monitor and control process groups
- B. The processes are part of the standard for portfolio management and should not be skipped
- C. He is right, processes can be skipped if you want to do the other ones
- D. The processes are not similar and they are interrelated, they are continuously executed throughout the portfolio life cycle
Answer: D
NEW QUESTION 315
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