PfMP Free Practice Test

In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following help you with managing the portfolio value?

1. A. PMIS, Elicitation techniques, Communication Requirements Analysis, Communications Methods
2. B. Elicitation techniques, Capability & Capacity Analysis, PMIS
3. C. Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
4. D. Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative

Correct Answer: A

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:

1. A. Enables an apples-to-apples comparison of the two approaches
2. B. Provides a real options approach
3. C. Supports a value-to-organizational vision approach
4. D. Computes the expected monetary value of the two approaches

Correct Answer: A

Your company works closely with the government on the implementation of water pumps for rural areas. You are constantly dealing with new and updated regulations, and periodically adapting the portfolio to the changes. When it comes to regulatory components, how do you include the components in the portfolio?

1. A. Normally categorize, score and rank the components, however, include them in the final portfolio regardless of the results
2. B. Normally categorize, score and rank the components and include them similar to any other component in the portfolio
3. C. Reject them if they are not strategically aligned with the portfolio objectives
4. D. Include them directly in the portfolio without categorization, ranking and scoring

Correct Answer: A

Efficiency is highly regarded when managing a portfolio and spans all activities i.e. risk management, communication management, etc. A portfolio is considered efficient if it

1. A. lies above the curve
2. B. Minimizes risks to the maximum
3. C. lies below the curve
4. D. Has the best possible expected level of return for its level of risk

Correct Answer: D

You have just recommended the Portfolio Strategic Plan and Portfolio to the governance board for approval. The portfolio board members informed you that they did not find what they were looking for in the strategic plan and that it needs to be reworked. What should have been part of your Strategic Plan?

1. A. Allocation of funds for different types of initiatives
2. B. List of components with their detailed information
3. C. Timelines and Schedules
4. D. Governance Model

Correct Answer: A