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Guide for Portfolio Management Professional (PfMP)

Quiz Portfolio Management Professional (PfMP)

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/ 10

Quiz

1/10
When we talk about portfolios, programs and projects, it is inevitable to mention the business value
which is the sum of tangible and intangible assets of an organization, also known as the net
quantifiable benefit.
When it comes to business value, at which level of the organization is the pursuit of Business Value
optimized?
Select the answer
1 correct answer
A.
Program
B.
Portfolio
C.
Operational
D.
Project

Quiz

2/10
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?
Select the answer
1 correct answer
A.
Explain to the stakeholders why it is important that they keep receiving this information
B.
Re-assess and re-write the Communication Management Plan after analyzing the stakeholders
again
C.
Escalate the issue to the governance board and ask them to take a decision regarding it
D.
Update the communication matrix and remove them from it

Quiz

3/10
You have just finished a major checkpoint in your portfolio and the portfolio has to undergo several
changes in order to re-align with the strategies. One component of your portfolio has been cancelled
and the resources are going to be reallocated to other components. Which process does these
activities?
Select the answer
1 correct answer
A.
Manage Supply & Demand
B.
Authorize Portfolio
C.
Manage Portfolio Oversight
D.
Optimize Portfolio

Quiz

4/10
When developing the charter, you will use multiple inputs and documents of which the portfolio
Strategic Plan is one. How is the strategic plan used in this case?
Select the answer
1 correct answer
A.
It is not an input to this process
B.
The Portfolio Structure and Portfolio Manager's Authorizations are copied from the Portfolio
Strategic Plan as is and incorporated in the Charter
C.
It is updated based on the output of the Develop portfolio charter process
D.
The prioritization model is used as a decision framework to structure the portfolio components

Quiz

5/10
When we talk about portfolios, programs and projects, it is inevitable to mention the business value
which is the sum of tangible and intangible assets of an organization, also known as the net
quantifiable benefit. When it comes to business value, at which level of the organization is the
Business Value achieved?
Select the answer
1 correct answer
A.
Program
B.
Project
C.
Portfolio
D.
Operational

Quiz

6/10
Companies adopt project, program and portfolio management practices to enable the realization of
business value and the achievement of strategies and objectives. In order to advance the
organizational capability and facilitate the alignment of these practices, the company should (choose
the best answer)
Select the answer
1 correct answer
A.
Strengthen the organizational enablers such as cultural, technological and human resource
practices
B.
Perform a detailed strategic planning
C.
Establish a PMO to support those practices
D.
Strengthen the processes and procedures of project, program and portfolio management

Quiz

7/10
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?
Select the answer
1 correct answer
A.
Correctly configure the PMIS
B.
Meet individually with each stakeholder and re-analyze their needs and expectations
C.
Update the Communication Management Plan
D.
Update the communication matrix

Quiz

8/10
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?
Select the answer
1 correct answer
A.
Portfolio Management Plan updates
B.
Portfolio Process Assets updates
C.
Portfolio Reports
D.
Portfolio Strategic Plan updates

Quiz

9/10
You have been assigned as the manager for a major transformation portfolio in your company. You
have a new direction in sight and you need to work with the team to attain the end goal and achieve
the expected strategy. For this you start by developing the strategic plan. What output do you expect
from this process?
Select the answer
1 correct answer
A.
Portfolio, Portfolio Strategic Plan
B.
Portfolio, Portfolio Strategic Plan, Portfolio Reports
C.
Portfolio, Portfolio Strategic Plan, Enterprise Environmental Factors updates
D.
Portfolio Process Assets updates, Inventory Of Work, Portfolio, Portfolio Strategic Plan

Quiz

10/10
You are a portfolio manager for a company with volatile market conditions and continuous strategic
changes. It is always important for you to use methods such as simu-lation techniques, flowcharts
and decision trees to be able to balance the portfolio with the actual needs. Which of the following
tools and techniques you are using in this case?
Select the answer
1 correct answer
A.
SWOT Analysis
B.
Cost-Benefit analysis
C.
Probability Analysis
D.
Capability and Capacity Analysis
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Info quiz:

  • Quiz name:Portfolio Management Professional (PfMP)
  • Total number of questions:494
  • Number of questions for the test:50
  • Pass score:80%

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