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PMI PfMP certification is a valuable credential for professionals who are involved in portfolio management. Portfolio Management Professional (PfMP) certification demonstrates the candidate's knowledge and expertise in managing portfolios of projects and programs in a manner that aligns with organizational strategy and goals. Portfolio Management Professional (PfMP) certification can also help professionals advance their careers and increase their earning potential.
NEW QUESTION # 183
You work in a fairly small company where the PMO helps in providing oversight to support the portfolio management. In such organization, where are the PMO structure, responsibilities, and implementation approach documented?
- A. Governance Model section in Portfolio Management Plan
- B. Portfolio Oversight section in Portfolio Management Plan
- C. Strategic Management Plan
- D. Communication Management Plan
Answer: B
Explanation:
Explanation
The PMO can also assist with communicating governance decisions, changes in the portfolio, and stakeholder communication according to sponsor and stakeholder requirements. If a PMO is to be utilized, the structure, responsibilities, and implementation approach will be documented in the portfolio management plan under the Portfolio Oversight section
NEW QUESTION # 184
As a portfolio manager you visit and re-do the Optimize Portfolio process continuously. Which of the following, in your opinion, is the objective/purpose of the Optimize Portfolio Process?
- A. Balance the portfolio for performance and value delivery
- B. Create an up-to-date list of qualified portfolio component
- C. Make Governance Decisions
- D. Allocating resources to develop component proposals or execute portfolio components
Answer: A
Explanation:
Explanation
The purpose of this process is to optimize and balance the portfolio for performance and value delivery
NEW QUESTION # 185
The CEO of an organization has requested that the portfolio manager establish a new portfolio focused on enterprise projects designed to improve revenue growth from a historical level of 4% to 20%. This aggressive growth rate will require the organization to change a number of execution approaches.
Which leadership method is most likely to be effective in ensuring stakeholder engagement and successful execution?
- A. Coaching
- B. Supportive
- C. Delegation
- D. Directive
Answer: D
NEW QUESTION # 186
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?
- A. EEF's, portfolio component inventory, organizational process assets
- B. Organizational strategy and objectives, inventory of work, portfolio process assets
- C. Portfolio charter, portfolio roadmap, organizational strategy and objectives
- D. Prioritization analysis, portfolio process assets, portfolio roadmap
Answer: B
NEW QUESTION # 187
Multiple changes have been recommended and approved in your portfolio and the need for continuous optimization seems to never end. This is normal in a portfolio and optimizing the components mix and the use of resources is key to success. As a portfolio manager you will be re-visiting the Optimize Portfolio process countless times. Which of the following are considered outputs to this process?
- A. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Portfolio Process Assets update
- B. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Portfolio Organizational Process Assets update
- C. Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Enterprise Environmental Factors update
- D. Roadmap update, Portfolio Strategic Plan update, Portfolio update, Portfolio Reports, Portfolio Process Assets update
Answer: A
Explanation:
Explanation
The answer to this question is Roadmap update, Portfolio Management Plan update, Portfolio update, Portfolio Reports, Portfolio Process Assets update
NEW QUESTION # 188
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. For this you maintain a risk register. The risk register is used throughout the portfolio life cycle in order to track and manage risks. It is continually updated throughout the portfolio life cycle. As a portfolio manager, you know that the risk register includes all of the following except
- A. Person who Identified the risk
- B. Probability Impact Assessment
- C. List of potential responses
- D. Updated risk categories
Answer: A
NEW QUESTION # 189
Which of the following depicts the use of the burn-down and burn-up charts?
- A. They show the execution of the portfolio against the overall budget and time
- B. They show the burned cost and time against planned ones
- C. They show the planned vs accrued Earned Value
- D. All of the Options
Answer: A
NEW QUESTION # 190
Assume you are the portfolio manager for a legacy software company. For many years, your company was one of the top five leaders in software development, but as newer and more efficient software was invented, it began to lose market share. Your company then found its services were needed as legacy systems were converted, especially since Cloud computing now is so popular. But it has lost revenues increasingly over the years. To gain market share and provide greater portfolio value, the executive team decided it should:
- A. Focus on channel partnerships
- B. Recognize change takes time but retrain employees to enhance customer satisfaction
- C. Focus on supplier value by partnering agreements
- D. Hire people with competencies in Cloud computing and enter this market
Answer: A
NEW QUESTION # 191
Assume you are creating a roadmap for your portfolio and will present it to key stakeholders and then to the Portfolio Review Board. You realize you will be adding additional detail to it, but you also believe its graphical format will be useful. In developing it, you decide to reference prioritization, dependencies, and organizational areas so you should consult the:
- A. Portfolio management plan
- B. Portfolio charter
- C. Portfolio strategic plan
- D. Organization's strategic plan
Answer: B
NEW QUESTION # 192
When managed correctly, the balanced scorecards can change the way an organization does business.
Balanced scorecards keep focus on results. As a portfolio manager, you use the balanced scorecards while developing the Portfolio Management Plan in order to
- A. Ensure alignment to investment risk, and dependencies
- B. All of the options
- C. Ensure alignment to organizational strategy and objectives
- D. Ensure alignment to expected return on investment (ROI)
Answer: B
NEW QUESTION # 193
A portfolio manager is currently in the defining phase of a portfolio that aligns to a new organizational strategy. The portfolio manager is beginning to develop the portfolio charter, but is having difficulty ensuring that it is complete, comprehensive, and accurate.
As part of the portfolio charter development, the portfolio manager should perform which type of analysis?
- A. Component inventory
- B. Capability and capacity
- C. Interdependency
- D. Component prioritization
Answer: B
NEW QUESTION # 194
A portfolio manager needs to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to the organization level. This analysis comprises which of the following?
- A. Human Resources
- B. Risk Tolerance
- C. Assets
- D. Financials
Answer: B
NEW QUESTION # 195
Which of the following are the inputs for "Manage Supply and Demand"? (Choose two.)
- A. Organizational Process Assets
- B. Portfolio
- C. Portfolio Reports
- D. Enterprise Environmental Factors
Answer: B,C
NEW QUESTION # 196
A researcher at your organization has several patents and unique skill sets. How do you maximize the use of this human resource for your portfolio?
- A. Minimize the dependency on an individual
- B. Commit this resource to active portfolio components using soft booking
- C. Negotiate longer working hours with this resource
- D. Use resource histograms to align resource effort with organization priorities
Answer: B
NEW QUESTION # 197
Specific types of communication technology that are used such as communication media, record retention policies, and security information are examples of:
- A. Organizational process assets
- B. Items needed to cover the portfolio communications management plan
- C. Portfolio process assets
- D. Items in the information distribution process
Answer: C
NEW QUESTION # 198
Assume you are the portfolio manager for a public sector organization, and it has been part of a public-private partnership for three years for highway projects. You are making recommendations as to the next program to undertake. The head of your Highway Department in your State is questioning whether the partnership is the best approach or whether it is best to work on its own.
You asked the Marketing manager for assistance, and she prepared a value-for-money analysis.
This approach is useful in that it:
- A. Computes the expected monetary value of the two approaches
- B. Enables an apples-to-apples comparison of the two approaches
- C. Provides a real options approach
- D. Supports a value-to-organizational vision approach
Answer: B
NEW QUESTION # 199
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?
- A. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio
- B. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors, Portfolio, Portfolio Reports
- C. Portfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise Environmental Factors
- D. Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
Answer: B
Explanation:
Explanation
This scenario targets the inputs for the "Manage Portfolio Risk" process. The answer to this question is Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors, Portfolio, Portfolio Reports
NEW QUESTION # 200
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?
- A. Stakeholder matrix
- B. Communication Matrix
- C. All of the options
- D. Communication Strategy matrix
Answer: B
Explanation:
Explanation
The Communication Requirements Analysis results are store in the Communication matrix including communication areas, frequency, Intended recipients and communication vehicles. Other options are not part of this analysis
NEW QUESTION # 201
The preferred approach to developing a balanced portfolio risk management plan is to manage the:
- A. overall expected return against known risks.
- B. resources against the overall expected return.
- C. duration against risks with high probability and impact.
- D. strategic value against the capability and capacity.
Answer: D
NEW QUESTION # 202
When it comes to managing the portfolio value, one of the junior portfolio managers came to you asking about the relation between cost-benefit analysis and the efficient frontier analysis. What should your answer to her be?
- A. Cost-Benefit analysis are not static, and organizations should monitor the efficient frontier ratios on a continual basis
- B. The Efficient frontier analysis is used while performing the Cost-benefit analysis in order to get the confidence factor in the estimates
- C. Efficient frontiers are not static, and organizations should monitor cost-benefit ratios on a continual basis
- D. Efficient frontier tracks the realized value against planned costs; thus is another way of cost-benefit analysis
Answer: C
NEW QUESTION # 203
A portfolio manager has received direction from the steering committee to review the organization's portfolio for a possible subportfolio for a new product line. The portfolio manager has done a thorough analysis, has presented the information to the committee, and has been directed to implement the new product line.
What should the portfolio manager do prior to and after presenting to the committee?
- A. Communicate the impending change to the stakeholders and enter the pending change into the change management system.
- B. Enter the information into the change management system and initiate new components immediately.
- C. Communicate the impending change to the stakeholders and update the stakeholders after the committee meeting.
- D. Enter the impending change into the change management system and update the approval status after the presentation.
Answer: A
NEW QUESTION # 204
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The PfMP exam is a challenging and rigorous test that requires candidates to demonstrate their knowledge and skills in portfolio management. PfMP exam consists of 170 multiple-choice questions and takes four hours to complete. Candidates are required to have at least eight years of professional experience in portfolio management, as well as a minimum of four years of experience in a leadership role, before they can be eligible to take the exam. Portfolio Management Professional (PfMP) certification is highly valued in the project management industry and can help professionals advance their careers to the highest level of portfolio management.
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