PfMP Free Practice Test

Which of the following depicts the use of the burn-down and burn-up charts?

1. A. All of the Options
2. B. They show the planned vs accrued Earned Value
3. C. They show the execution of the portfolio against the overall budget and time
4. D. They show the burned cost and time against planned ones

Correct Answer: C

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?

1. A. Portfolio Oversight
2. B. Governance Model
3. C. Communication Management Plan
4. D. Performance Management Plan

Correct Answer: D

As you grow older, you gain more experience and things that once seemed hard to assimilate, can become very easy. One junior member of your portfolio management team is confused on the relationship between the Optimize, Authorize and Provide Oversight processes. What could your advice to him be?

1. A. The provide portfolio oversight process may trigger the other two processes as part of the review meetings
2. B. The three processes are not related and are in different focus areas
3. C. The Optimize portfolio comes first, then authorize portfolio and finally Provide Portfolio oversight
4. D. The Optimize portfolio process is used to balance the portfolio so that the authorize portfolio and Provide Portfolio Oversight processes can start

Correct Answer: A

The portfolio undergoes a lot of changes through the portfolio life cycle, and the state of the portfolio changes on the go. Some components are terminated, other are added and initiated. When it comes to the authorize portfolio process, which of the following represents the state of the portfolio

1. A. List of current components that need to be weighted, scored and ranked
2. B. List of selected and balanced components
3. C. List of strategically aligned portfolio components without the need for them to be balanced
4. D. List of selected, balanced and authorized components ready to be initiated

Correct Answer: B

In a portfolio, data is an abundant asset, and managing the information aiming for a a better decision making is critical. For this you use a variety of Quantitative and Qualitative analysis methods. These methods are performed in 4 of the portfolio management processes and serve a slightly different purpose in each and every one of them. Considering that you are currently performing risk assessment and handling risk responses, how can you make use of the quantitative and qualitative analysis?

1. A. Performing resource leveling, project sequencing techniques and dependency analysis
2. B. Performing Cost-benefit analysis, quantitative analysis, scenario analysis, probability analysis, SWOT analysis, Market/competitor analysis and business value analysis
3. C. Performing Status and trend analysis, Rebalancing methods, Investment choice tools, exposure charts
4. D. Performing Quantitative analysis and Sensitivity analysis

Correct Answer: D