Exam Name: Portfolio Management Professional (PfMP)
Certification Provider: PMI
Corresponding Certification: Portfolio Management Professional
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PMI PfMP Exam Syllabus Topics:
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Reference: https://www.pmi.org/certifications/portfolio-management-pfmp
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PMI Portfolio Management Professional (PfMP) Sample Questions:
You have been assigned as a consultant to give your expertise on a failing portfolio which is critical to the success of your client's organization. You are now in the process of reviewing the portfolio management plan. What do you expect to see as part of this plan?
- A. Vision for the portfolio, which is based on the alignment with the organization's goals and objectives
- B. Balancing portfolio and managing dependencies
- C. Portfolio Justification, high-level scope and high-level timelines
- D. The major components of the portfolio which are aligned chronologically to achieve portfolio value
Correct Answer: B 🗳️
The Portfolio Performance Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Performance Management Plan purpose and focus?
- A. Articulates the options, preferences, and factors that will be considered in a specific portfolio
- B. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio
- C. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components
- D. Identifies recipients for information associated with the portfolio management process
Correct Answer: C 🗳️
Two functional managers within your portfolio are arguing about one scarce resource, and each one is claiming that the resource should be assigned to them. What should you do as a portfolio manager in order to solve this issue?
- A. Perform a capacity and capability analysis in order to allocate the scarce resource
- B. Sit with the two functional managers privately and let them agree on a solution
- C. Do prioritization analysis and allocate the resource accordingly
- D. Perform a capacity and capability analysis and tender the recommendation on resource allocation to the governance board
Correct Answer: C 🗳️
Working as the portfolio manager for your business unit of a major aerospace organization means you have a variety of programs, projects, and operational activities under way. You have set up a number of reports on the progress of the portfolio for your various stakeholders, but the best approach is to monitor the progress of the portfolio against:
- A. Organizational strategy
- B. Organizational critical success factors
- C. Organizational goals
- D. Specific key performance indicators for the business unit
Correct Answer: A 🗳️
Your organization has a defined portfolio management process that it has followed for three years. As the portfolio manager, you keep your various plans up to date, and because of numerous regulatory changes involving the telecom industry, it is time to review and update the risk management plan. You have several key stakeholders working with you as you realize the importance of this plan in maintaining a competitive advantage. One way you and your team are assessing the various risks that may impact the structure of the portfolio is to use:
- A. Risk metrics
- B. Portfolio reports
- C. Portfolio component charts
- D. Weighted ranking and scoring techniques
Correct Answer: D 🗳️
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