PfMP Free Practice Test

Assume you are the portfolio manager for your pork producing company, the market leader in your country. Over time, the industry has recovered from trichinosis as a risk. Your company has added new components to its portfolio, and many have been to demonstrate to the public that its products are safe. It implemented the Agriculture Department's and Food and Drug Administration's Hazard Analysis and Critical Control Point (HACCP) regulations and is enhancing its image as 'the other white meat'. However, now the entire industry is faced with a new epidemic known as porcine epidemic virus, which is affecting pigs in 22 different states, and profits have decreased significantly. New components now must be added to the portfolio. This situation shows:

1. A. Resource re-allocation is required
2. B. Risk management is essential
3. C. The ROI of the new components must be determined
4. D. Portfolio rebalancing has led to the new components being in the top five priority list

Correct Answer: B

Working to ensure the portfolio management process is one that is followed and is embraced has been a major challenge. As the portfolio manager, assume you set up meetings with the Portfolio Governance Group bi-weekly since there is constant change in your telecom company. You also want the portfolio process to be transparent. To do so, a useful tool to communicate status is:

1. A. Reports on funding decisions
2. B. A governance decision register
3. C. The portfolio roadmap
4. D. Key portfolio milestones

Correct Answer: C

You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the following techniques uses historical data to determine if resource requirements have been consistently underestimated?

1. A. Lessons Learned Analysis
2. B. Requirements Analysis
3. C. Trend Analysis
4. D. Value Scoring & Measurement

Correct Answer: C

You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you continuously report risks and issues to stakeholders. One of the key stakeholders is furious as he cannot find an issue that has occurred a week ago in the risk register. What should you do in this case?

1. A. Inform the stakeholder that risk that have occurred are removed from the risk register and not used anywhere else
2. B. Inform the stakeholder that issues are risks that have occurred and are tracked as part of the issue register
3. C. Inform the stakeholder that you will directly fix this and include it in the risk register
4. D. Inform the stakeholder that when positive risks occur they become realized opportunities and when negative risks occur they become realized threats

Correct Answer: B

As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Communication Calendar is one of the prepared documents, what does it include?

1. A. Intended recipients, communication vehicles, frequency and communication areas
2. B. Stakeholders roles, interests, expectations and groups
3. C. Stakeholders quadrants showing the level of interest and influence
4. D. Representation of all of the communication for the portfolio and their frequency over a period of time

Correct Answer: D