pmi pfmp practice test

The CEO asks you to propose a structure of a steering committee for the company portfolio. Where should you document your proposal?

• A. Portfolio Management Plan
• B. Portfolio Charter
• C. Organizational Process Assets
• D. Portfolio Strategic Plan

You have proposed a portfolio governance model to your company, but an executive told that the current culture might not be flexible enough to change the organizational structure. What kind of risks did the executive raise?

• A. Cultural risk
• B. Execution risk
• C. Portfolio risk
• D. Structural risk

Which of the following are the input of Optimize Portfolio? (Choose two.)

• A. Portfolio Strategic Plan
• B. Portfolio Process Assets
• C. Portfolio Charter
• D. Portfolio Reports

You are working for a fortune 500 company which has a long history. Having many legacy IT systems, the CTO has envisioned the migration of IT systems from on-premise servers to cloud environments. What should you do after hearing the new direction?

• A. Update the portfolio management plan
• B. Develop a portfolio strategic plan
• C. Understand key stakeholders and their expectation
• D. Record the decision made in portfolio reports

Which of the following is not an investment choice tool?

• A. Trade-off analysis determines the effect of changing one or more factors of the portfolio
• B. The use of spreadsheets or other tools to examine factors of interest
• C. Budget variability determines the effect of changing the portfolio
• D. Time-to-market variability determines the effects of portfolio velocity

Which of the following items are considered as portfolio process assets? (Choose two.)

• A. Lessons learned
• B. Portfolio performance metrics
• C. Vision and mission statements
• D. Portfolio budget

A senior manager asks you about resource information of a portfolio. Where can you find the information for him?

• A. Portfolio management plan
• B. Portfolio reports
• C. Portfolio component reports
• D. Resource calendar

You have found that one of the vendors had a low reputation, and you are worried that they would provide low-quality service for your portfolio. What should you do next?

• A. Disapprove the project using this vendor
• B. Record this in the risk register
• C. Update the risk management plan
• D. Communicate the risk to stakeholders

During a governance meeting, a functional manager introduced a new collaboration software to improve communication. You learned that this software could raise the effectiveness of portfolio communication management. Which item should you update to capture this founding?

• A. Organizational process assets
• B. Portfolio communication management plan
• C. Enterprise environmental factors
• D. Portfolio process assets

A large organization has an extensive portfolio. However, senior management is concerned that these efforts may not be completely aligned with previously agreed upon portfolio metrics, and they have expressed this concern to the portfolio management team.
The teams response should be to:

• A. revise the metrics to be collected from the various components and meet with the component managers to explain the resulting new processes.
• B. hold performance reviews with the managers of the active portfolio components to elicit reportable information on their status and progress.
• C. ensure at the next steering committee meeting that senior management is fully aware of all of the information already available to them.
• D. review the established performance measures with senior management to ensure that the metrics are providing the information that they require.