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Study HIGH Quality PfMP  Free Study Guides and Exams Tutorials [Q255-Q270]

Study HIGH Quality PfMP Free Study Guides and Exams Tutorials [Q255-Q270]

August 25, 2022 adminPfMP, PMInew PfMP exam tutorial, new PfMP test tips, PfMP exam questions and answers, PfMP latest exam preparation, PfMP reliable exam lab questions, PfMP reliable study guide book, PfMP test cram, PfMP valid exam topics pdfLeave a Comment on Study HIGH Quality PfMP Free Study Guides and Exams Tutorials [Q255-Q270]

Study HIGH Quality PfMP  Free Study Guides and Exams Tutorials

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NEW QUESTION 255
During one of the management meetings, an opportunity was identified. This opportunity has a huge impact on the portfolio. What is your first action as a portfolio manager?

 
 
 
 
Explanation
The scenario targets the “Manage Portfolio Oversight” process and specifically the output that documents the results. Portfolio reports documents the identified risks and issues as results from this process. Opportunities and Threats are both to be documented in the risk register. A risk owner is then identified to be accountable of it. Other options are not relevant

NEW QUESTION 256
All measurements in a Portfolio are done in correspondence to Key Performance Indicators (KPIs), and defining those KPIs is essential and should be done by highly capable personnel. Which of the following is true regarding who prepares KPIs and which party approves them?

 
 
 
 

NEW QUESTION 257
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust performance management plan. What is the expected result from developing this plan?

 
 
 
 
Explanation
The scenario targets the outputs of the “Develop Performance Management Plan” process. The answer to this question is Portfolio Management Plan updates, Portfolio Process Assets updates

NEW QUESTION 258
Some of your Stakeholders reported to you that they are not receiving status reports and other regular information on the Portfolio progress. This has caused a big issue with the governance board and they requested an immediate resolution. You have already analyzed the stakeholders and prepared the communication matrix; what is your best course of action in this case?

 
 
 
 
Explanation
In this scenario, the portfolio manager has already done stakeholder analysis and developed the communication matrix, in addition, only some stakeholders are reporting this issue; so the most probable scenario in this case is that the PMIS is not correctly configured for those particular stakeholders. The Portfolio manager should start by configuring the PMIS and then explore other options

NEW QUESTION 259
Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the portfolio aligned with stakeholders expectations. What is the process for soliciting requirements called?

 
 
 
 
Explanation
The scenario can be achieved using elicitation techniques i.e. interviews, questionnaires, surveys, meetings, brainstorming, etc.

NEW QUESTION 260
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. You are currently in the process of identifying and analyzing risk, in addition to developing risk responses and monitoring and controlling risk. Which documents can help you achieve this?

 
 
 
 

NEW QUESTION 261
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?

 
 
 
 

NEW QUESTION 262
You have just recommended the Portfolio Strategic Plan and Portfolio to the governance board for approval.
The portfolio board members informed you that they did not find what they were looking for in the strategic plan and that it needs to be reworked. What should have been part of your Strategic Plan?

 
 
 
 

NEW QUESTION 263
A number of components proposals are on the table as a result of the strategic planning cycle. While defining the portfolio, you wanted to use a method to help you compare portfolio components that address similar needs. Which of the following techniques you use?

 
 
 
 
Explanation
Assigning portfolio components to predetermined categories helps to compare portfolio components that address similar organizational needs and strategic concerns

NEW QUESTION 264
There was a change in your portfolio to speed up things resulting in the addition of new components. In order to update the new vision, dependencies and timeline for the components, you should update which of the following?

 
 
 
 
Explanation
This is a tricky question, as both the roadmap and charter contain the mentioned points, however, the better option would be the roadmap as the charter contains the high-level dependencies and high-level timeline and is unlikely to be updated during the course of a Portfolio (note here that due to major strategic changes e.g.
mergers, issues, etc., the charter gets updated), however in this case, you are in the process of optimizing the portfolio. When solving a strategic change and doing the needed amendments, both documents will most probably be updated.

NEW QUESTION 265
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?

 
 
 
 

NEW QUESTION 266
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risks is key to success, and you are coaching your team on the same. While planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes. Which of the following tools determines the effects of portfolio velocity?

 
 
 
 
Explanation
Time-To-Market Variability determines the effects of portfolio velocity

NEW QUESTION 267
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?

 
 
 
 

NEW QUESTION 268
The interest, influence, and communication needs of business operational stakeholders who are looking to ensure alignment between portfolio components, while minimizing negative impact and maximizing positive benefits of all portfolio-managed changes to their business operations, relate to which type of stakeholders?

 
 
 
 
Explanation
The interest, influence, and communication needs of business operational stakeholders who are looking to ensure alignment between portfolio components, while minimizing negative impact and maximizing positive benefits of all portfolio-managed changes to their business operations, relate to internal stakeholders?

NEW QUESTION 269
You have been asked to be the manager for a governmental portfolio, and your starting point should be tendering a strategic plan to the board for validation and approval for continuation. Which documents/artifacts do you have debuting the portfolio that you can use to develop the strategic plan?

 
 
 
 
Explanation
Inputs to strategic plan development are the ones listed in this option and are very important for the exam. In addition to those, you have EEF’s and organizational process assets as inputs

NEW QUESTION 270
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?

 
 
 
 

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