pmi pfmp practice test

Your portfolio management team is a bit confused about the order of steps to follow when defining a
portfolio. They have been having debates and they came to you asking for the correct order of steps

• A. Identification, categorization, ranking, scoring, selection, prioritization, resource allocation
• B. Identification, categorization, scoring, ranking, prioritization, selection, resource allocation
• C. Identification, selection, categorization, scoring, ranking, prioritization, resource allocation
• D. Identification, categorization, scoring, ranking, selection, prioritization, resource allocation

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 portfolio closely and that the
governance board and the stakeholders would want to check on the progress and status frequently.
For this you have developed a robust Portfolio management plan. What do you expect as output of
this development?

• A. Portfolio Management Plan, Portfolio Roadmap update, Portfolio Charter update, Enterprise Environmental Factors update
• B. Portfolio Management Plan, Portfolio Reports update
• C. Portfolio Strategic Plan update, Portfolio Process Assets updates, Portfolio Management Plan
• D. Portfolio update, Portfolio Roadmap update, Portfolio Management Plan

During the portfolio lifecycle, you will be using the roadmap a lot and you be using it to report
progress to different stakeholders. When it comes to portfolio roadmap, which of the following
options is true?

• A. Roadmap are rarely updated, in contrast to the portfolio charter which gets frequently updated
• B. Roadmap includes internal and external dependencies to other organizational areas
• C. Roadmap is defined after the planning of all components is finished
• D. Roadmaps incorporate all components and shows a graphical representation of the portfolio progress over time

As a result of optimization, one of the components was deemed necessary to be terminated. One of
the executive managers found about this and called you telling you that you should leave this
component as it is of interest to her and she wants to see it finalized and that she will make
resources available to it if needed. What should be your best course of action?

• A. Ask the steering committee for more resources in order to be able to continue with this component
• B. Ask the senior manager directly for resources as you know that this component requires additional resources
• C. Highlight the issue in the governance board meeting and recommend termination based on facts and thorough analysis
• D. Continue working on the component as you have the support of one of the senior managers

One of the key stakeholders came to you asking you to add more metrics because she thinks that it
would give the portfolio management a better view of the actual progress. For her the more metrics
you have the better. What should your opinion be regarding this?

• A. You should agree as having more metrics is better and because you do not want to say no to a key stakeholder
• B. You should agree, as having more metrics is better
• C. You should disagree and communicate a clear message to the stakeholder that it does not matter how many metrics you have as long as you can fully report the progress
• D. You should disagree and escalate this to the governance board

One of the junior portfolio managers learned that she needs to perform organizational structure
analysis as part of the portfolio management plan development. She does not understand why and
she came to you for advice. What is your advice to her?

• A. Portfolio Management roles and responsibilities are defined based on this analysis
• B. This analysis, along with the analysis of the portfolio structure from the charter, help in the selection of strategically aligned portfolio components
• C. This analysis will help in prioritizing the portfolio
• D. This analysis is part of the develop strategic plan and not develop portfolio management plan

In order to guide the work and correctly manage the portfolio, one of the major documents to be
prepared is the Portfolio Management Plan acting as guideline for portfolio management. What are
the tools and techniques you could use while developing this plan?

• A. Integration of Subsidiary Plans, Organizational Structure Analysis, Elicitation techniques
• B. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis, PMIS
• C. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis
• D. Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization

A new sponsor was appointed by the company in order to push more on the investments underway.
The new sponsor wants detailed information on time and money and wants to get things done
quickly. Which element of the portfolio management plan will be referred to for managing the
sourcing of key resources?

• A. Portfolio Oversight
• B. Governance Model
• C. Communication Management Plan
• D. Performance Management Plan

In managing strategic change, the portfolio manager performs stakeholder analysis in order to
consider the changing requirements. One of the key stakeholders expressed concerns about the lack
of recognition of the value contribution of his department. The portfolio manager is not convinced
with the level of value contribution. Which of the following is considered the best approach to take?

• A. Accept the statement as it is a key stakeholder and the portfolio manager should remain in good contact with him
• B. Reject the statement
• C. Assign an owner to follow up on this concern and take a decision accordingly
• D. This is a key stakeholder and his expectations and requirements should be taken into consideration for further analysis

You are managing a large construction portfolio. Recently, and due to budget cuts, you have been
having resources issues on multiple initiatives and has been struggling with maintaining a healthy
resource allocations. You are currently analyzing the capability and capacity for scarce machinery
resources shared across three major programs in the portfolio. What are you currently applying?

• A. Finite Capacity planning
• B. Resource Schedules
• C. Resource Management Tools
• D. Resource Smoothing