PfMP Free Practice Test

Assume at this point as the portfolio manager in your mattress company, you are activating portfolio components, updating portfolio reports, and documenting the decisions made at the recent Portfolio Governance Committee meeting as the company moves into new markets. You are therefore:

1. A. Communicating decisions to all stakeholders
2. B. Maintaining a decision log from the Committee meeting
3. C. Updating the portfolio strategic plan
4. D. Authorizing the portfolio

Correct Answer: D

The Portfolio Performance Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Performance Management Plan purpose and focus?

1. A. Identifies recipients for information associated with the portfolio management process
2. B. Shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components
3. C. Describes the approach and intent of management in identifying, approving, procuring, prioritizing, balancing, managing, and reporting a portfolio
4. D. Articulates the options, preferences, and factors that will be considered in a specific portfolio

Correct Answer: B

You are approaching a major checkpoint and right before the review meeting, one of the key stakeholders asked you to add a small component which is of high interest to her and requires minimal effort and spans a short duration. What should you, as a portfolio manager do?

1. A. Find out its strategic alignment and present it to the steering committee
2. B. Add it directly to the portfolio after prioritization because it is a quick project and it willhave high value to a key stakeholder
3. C. Directly reject the request as it is unethical
4. D. Propose the request during the upcoming steering committee meeting

Correct Answer: A

Based on the following table, assume you have been asked to perform a prioritization analysis based on these data. You realize risk is a major concern to the company, but you have some data available about potential benefits. These data show A and D have the greatest benefits. A and D are followed in terms of benefits by C, then B, then F, and finally

1. A. Assume three of the programs and projects can be added to the portfolio when the Board meet
2. B. Your recommendation is to select:
3. C. A, B, and C
4. D. A, D, and C
5. E. A, F, and C
6. F. D, B, and C

Correct Answer: B

Your company is currently on the verge of bankruptcy due to the lack of transparency within the organization; this alerted the CEO to take decisive actions and request that new reporting lines be established in order to be fully transparent. Following this, the portfolio structure has changed to cope with the new reporting lines. Where is this change reflected when it comes to portfolio documents?

1. A. Portfolio Charter updates
2. B. Portfolio Strategic Plan updates
3. C. Portfolio Management Plan updates
4. D. Portfolio Roadmap updates

Correct Answer: A