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Reference: https://www.pmi.org/certifications/portfolio-management-pfmp
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PMI Portfolio Management Professional (PfMP) Sample Questions:
While developing the portfolio management plan, which part of the plan will aid the portfolio manager in determining the efficient frontier?
- A. Managing strategic change
- B. Change control and management
- C. Portfolio prioritization model
- D. Balancing portfolio and managing dependencies
Correct Answer: C 🗳️
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. Software tools, Risk database and analysis tools, Earned value management processes and tools
- B. Financial management processes and systems, Communication management processes and tools
- C. Change or configuration management systems, Communication management processes and tools
- D. All of the options
Correct Answer: D 🗳️
Assume after the acquisition of the natural gas transmission company by your company, a natural gas distribution company, was approved by the various regulatory agencies. You now are overseeing more components with this acquisition as the portfolio manager. While you had each of the components in your company set up in various categories, this approach had not been followed by the transmission company. You explained to its portfolio manager and staff such an approach enables:
- A. A way to set up a common set of decision filters
- B. Common criteria for portfolio optimization
- C. A similar approach to track contribution to strategic goals
- D. An alignment with the prioritization model
Correct Answer: A 🗳️
Your organization tried implementing portfolio management in the past, but even though it purchased a sophisticated automated software system for scoring and prioritization, it was not successful. After a year of complaints about the system, the executive team disbanded it. Now, resources are scarce, and some executives who were involved in the earlier attempt have left the company. The new CEO asked for a list of ongoing programs, projects, and operational work, and you could not provide one even though you direct the Project Management Office. He wants this inventory so it then can be used as the starting point to implement portfolio management. You and several others stated it did not work previously and do not believe it will work in the company.
The CEO then hired a person to be the portfolio manager from outside who reports directly to him. The portfolio manager is emphasizing the importance of resources working on initiatives aligned with organizational strategy as part of the:
- A. Portfolio performance plan
- B. Portfolio communications strategy
- C. Portfolio charter
- D. Portfolio roadmap
Correct Answer: B 🗳️
The existing portfolio manager was replaced by a new portfolio manager and the analysis has shown that the distance between the pessimistic and best case scenario of the new portfolio manager is larger than the old one, which kind of manager is the new one?
- A. Risk Taker
- B. Optimistic
- C. Pessimistic
- D. Risk Averse
Correct Answer: A 🗳️
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