PfMP Free Practice Test

The portfolio is undergoing and your are now in the monitoring and controlling phase. Two of your team members are arguing about what to use in order to determine decisions to be made with regards to the portfolio and its components. What should be your advice to them?

1. A. They should use the elicitation techniques to get as much data as possible on the progress in order to be able to take decisions
2. B. They should conduct review meetings on formal and scheduled basis
3. C. They should conduct review meetings on scheduled and informal basis
4. D. They should conduct review meetings on need basis

Correct Answer: B

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 are coaching your team on the same. You are currently in the process of identifying and analyzing risk, in addition to developing risk responses and monitoring and controlling risk. Which documents can help you achieve this?

1. A. Portfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise Environmental Factors
2. B. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio
3. C. Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors, Portfolio, Portfolio Reports
4. D. Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors

Correct Answer: C

You are managing a portfolio for a major car dealer in the region and due to diversity of locations, funding terms and your client's corporate structure, you have a big number of components to be included in the portfolio. With such a huge number, you need to prioritize the components in order to prepare the mix of components to execute. Where can you find the prioritization model?

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

Correct Answer: A

Your portfolio management team is a bit confused about the order of steps to follow when defining a portfolio. They have been having debates and they came to you asking for the correct order of steps

1. A. Identification, categorization, ranking, scoring, selection, prioritization, resource allocation
2. B. Identification, categorization, scoring, ranking, prioritization, selection, resource allocation
3. C. Identification, selection, categorization, scoring, ranking, prioritization, resource allocation
4. D. Identification, categorization, scoring, ranking, selection, prioritization, resource allocation

Correct Answer: D

For governments worldwide, you normally have a lot of people reluctant to change and to using new technology tools especially for communication. You are managing a governmental portfolio and planning for a transformational endeavor. You are currently depicting the various communication media and methods to be used, where is this information normally used?

1. A. Communication Matrix
2. B. Stakeholder Communication Strategy Matrix
3. C. Stakeholder Groups
4. D. Stakeholder Matrix

Correct Answer: A