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Pass Exam Questions Efficiently With PfMP Questions (2023) [Q61-Q83]

Pass Exam Questions Efficiently With PfMP Questions (2023) [Q61-Q83]

June 6, 2023 adminPfMP, PMInew PfMP test fees in global, PfMP new study guide questions, PfMP reliable exam dumps materials, PfMP Training for exam, PfMP valid exam cram materialsLeave a Comment on Pass Exam Questions Efficiently With PfMP Questions (2023) [Q61-Q83]

Pass Exam Questions Efficiently With PfMP Questions (2023) 

PfMP Questions – Truly Beneficial For Your PMI Exam 

PMI PfMP (Portfolio Management Professional) Certification Exam is a globally recognized certification for professionals who specialize in managing portfolios of projects, programs, and operations in an organization. It is designed for experienced portfolio managers who can demonstrate their ability to align business strategy with the organization’s portfolio, implement portfolio management processes, and assess portfolio performance.

The PfMP certification exam is a computer-based exam that consists of 170 multiple-choice questions. Candidates have four hours to complete the exam, and the passing score is 70%. PfMP exam is administered at PMI testing centers around the world, and candidates can schedule their exam at a time and location that is convenient for them.

 

NO.61 Along the course of the portfolio, you will be monitoring and controlling the portfolio a.long with the related stakeholders and governance bodies. This is done as part of your role in portfolio oversight. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Provide Portfolio Oversight Process?

 
 
 
 
Explanation
The purpose of the Provide Portfolio Oversight process is to monitor the portfolio to ensure alignment with organizational strategy and objectives and make governance decisions

NO.62 Your CEO was fired because of a decline in the company’s profits by the Board of Directors. They have now hired a new CEO, who plans to re-shape the portfolio and has changed the company’s strategic goals and objectives. The new CEO will continue the existing product line of soap products that the company has manufactured for the past 50 years but now will manufacture new products to focus on the baby boomer generation as they retire but desire to maintain a youthful appearance. It also will offer other products to new high school and college graduates who want to appear older. As the portfolio manager you should:

 
 
 
 

NO.63 You are managing a portfolio in a functional organization and resources are shared between operations and projects. You are continuously performing capability and capacity analysis in order to optimize the portfolio.
Which of the following capability and capacity analysis is used to limit the number OR size of components the organization can execute?

 
 
 
 
Explanation
The financial resource capability and capacity will be constraining factors for the number of portfolio components or the size of portfolio components the organization can execute

NO.64 Portfolio managers tend to use the efficient frontier analysis as a modeling approach that gives decision makers the analytical tool to optimize portfolios given resource constraints such as risk. In which of the Portfolio management processes the efficient frontier is mostly used

 
 
 
 
Explanation
This is a tricky question. You should note here that the efficient frontier main purpose is to get the highest return for a given/acceptable level of risk. The Efficient Frontier is a method used in Value Scoring and Measurement Analysis in the “Manage Portfolio Value” process

NO.65 You have been managing multiple portfolios in your company for the past two decades and all deliveries were successful. A new portfolio manager is struggling and came to you for advice on the portfolio process groups.
He knows that portfolio process groups are the base of portfolio management. While you explain to him about them, you told him that portfolio process groups are independent of

 
 
 
 
Explanation
Process Groups have clear dependencies and are typically performed in the same sequence for each portfolio.
They are independent of application areas or industry focus

NO.66 You have already created 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 now want to recommend portfolio scenario(s) and related components, based on prioritization analysis/criteria. You are doing this in order to

 
 
 
 
Explanation
You are in the “Develop Portfolio Strategic Plan” process and in particularly performing the prioritization analysis (SPM V3 Page 45 – 4.1.2.3) As per the Portfolio Management Professional Exam Content Outline, Recommend portfolio scenario(s) and related components, based on prioritization analysis/criteria, in order to provide governance with a rationale for decision making

NO.67 The governance board has an integral part in the realization of the portfolio strategic value. In your opinion as a portfolio manager, Governance board decisions are based on

 
 
 
 
Explanation
Governance board decisions should be informed decisions and should be validated against reports aggregated by the portfolio manager from the different portfolio components. This information is tendered by the portfolio manager using portfolio reports

NO.68 You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the following are considered inputs to the Manage Supply and Demand process?

 
 
 
 
Explanation
The answer to this question is Portfolio, Portfolio Management Plan, Portfolio Reports

NO.69 Working to monitor the portfolio especially in terms of its value to the organization, you had each component manager prepare monthly variance reports. Of the components ranked in the top 10, six of them realized they would not require some of their initial funding and still would be completed as planned. This means:

 
 
 
 

NO.70 Your company changed its executives due to the lack of benefits realization and previous corruption issues.
The new management has informed you that as of now, this will not change any process in the portfolio and everything will remain the same. However, only the risk tolerance for the organization will be impacted, what will you do as a portfolio manager?

 
 
 
 

NO.71 When initiating portfolio components and terminating other, you come up with updates to budget, funding and resources allocations. Where should these updates be recorded?

 
 
 
 

NO.72 You are currently in the process of defining a portfolio by forming the qualified list of components that will be later evaluated, selected and prioritized. What do you expect as outputs from this process?

 
 
 
 
Explanation
The answer to this question is Portfolio Management Plan updates, Portfolio Roadmap updates, Portfolio updates

NO.73 As part of developing the Communication Management Plan, a portfolio manager executes the Communication Requirements Analysis, in addition to Stakeholders Analysis. Which of the following options in your opinion is a result of the Communication Requirements Analysis?

 
 
 
 

NO.74 Along your portfolio lifecycle, you have been conducting multiple review meetings to ensure continuation from one phase to another and to ensure the alignment and value delivery, in addition to communicating decisions and valuable information to the related stakeholders. Changes to the approach of portfolio governance may be a result of review meetings. Which of the following options include updates to the governance model?

 
 
 
 

NO.75 Assume you are the portfolio manager for your HVAC (Heating, Ventilating, and Air Conditioning) company, one of the largest in the world. Preparing for a meeting with the Portfolio Governance Committee, you have been reviewing the success of components that have been completed as well as the progress of current portfolio components. In many cases people who only purchased heating units in the northern part of the country, and people who purchased only air conditioners in the south, now are buying state-of the art products to easily switch as needed. You found the risks of climate change led to the need for these new energy efficient products and did so by:

 
 
 
 

NO.76 Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. Which of the following are common risk concerns across the organization?

 
 
 
 

NO.77 Processes in the portfolio management layer interact with each others. For example, Manage Portfolio Information interacts with Provide Portfolio Oversight in order to store decisions made during the portfolio review meetings. Where are these decisions stored?

 
 
 
 

NO.78 Stakeholders have complained to you that they are receiving redundant information and they prefer that you fix the issue promptly as it is time consuming for them. What is your best course of action?

 
 
 
 
Explanation
In Portfolio Communication, some redundancy is intentional to ensure reaching multiple types of recipients or when intended recipients have varied preferences for receiving information

NO.79 One of your component managers has submitted his resignation and left the company; a new program manager joins the portfolio replacing him. Which document you use to inform the new program manager about his responsibilities in the portfolio?

 
 
 
 

NO.80 Performance reporting is important in a program and usually, the portfolio manager aggregates performance information from the portfolio components in order to present the related reports. Which of the following measures can be used in performance reporting?

 
 
 
 

NO.81 You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The portfolio roadmap is an important document used throughout the portfolio life cycle; when it comes to developing the portfolio communication management plan, which of the following options is correct

 
 
 
 

NO.82 You are mid-way through your portfolio and you are approaching a major milestone where multiple components will be authorized for execution and implementation. For informed decision making, as a portfolio manager, you will be communicating reports that will be viewed and analyzed, and used as critical information for taking a decision for the authorization of components. After passing through the authorization process, multiple reports are generated and others are updated. What type of reports is generated from this process?

 
 
 
 
Explanation
Various portfolio reports may be updated as a result of the Authorize Portfolio process, such as resources, assets (financials and non-financial), and governance decisions.

NO.83 One of your components within the portfolio has been struggling and has undertaken a lot of issues. A recent measurement has shown that its CPI is 0.4 and SPI is 0.3. What is the best course of action you should take as a portfolio manager

 
 
 
 
Explanation
The portfolio manager should not directly terminate the component and should instead send a recommendation to the component governance board to terminate the component; the component governance board needs to take the decision on whether to terminate the component or continue working on it. The recommendation is sent in order for the component manager to check if there is a solution to the problem and recommend a change which can be approved or denied by the component’s governance board Pay attention, SPM is just a reference guide for the exam, so you will definitely have similar questions from outside the SPM in the exam

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