PfMP Free Practice Test

When managed correctly, the balanced scorecards can change the way an organization does business. Balanced scorecards keep focus on results. Which of the following are factors that can be targeted by the Balanced Scorecards method?

1. A. Product Manufacturing, core competencies, response times, maintenance costs, shareholder value
2. B. Reward, Leveraging Skills, Leveraging Information Systems, core competencies
3. C. Product Manufacturing, core competencies, response times, reward, shareholder value
4. D. Learning & Growth, Internal Process, Customer, Financial, Reward, maintenance costs, market value, supplier value

Correct Answer: A

With the increasing use of drywall, your company, which has been in the plaster business for over three generations, is finding it harder to maintain a share of the market and to achieve a positive return on its investments. Three years ago, the corporate executives implemented a portfolio process, and they serve as the Portfolio Governance Council. They meet monthly, and after each meeting, you prepare a report of their decisions. This report is:

1. A. Sent to all employees in the company as it focuses on employee empowerment and involvement
2. B. Distributed only to the Governance Council to serve as a record of their meetings
3. C. Is used to authorize the portfolio
4. D. Is used to analyze the effects of their decisions on the company's portfolio

Correct Answer: C

Your company has multiple portfolios on the way and a variety of different clients and industries. Risk levels are high due to recent governmental regulations and the company has recently been penalized due to a non-compliance to one of the standards. You know that you need to closely managing this. As a result, you will be come out with

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

Correct Answer: D

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. The new reporting lines triggered changes in roles & responsibilities for managing communication and communication policies & constraints. Where are these changes reflected when it relates to your portfolio?

1. A. Portfolio Process Assets updates
2. B. Portfolio Updates
3. C. Portfolio Management Plan updates
4. D. Organizational Process Assets updates

Correct Answer: C

Assume you completed your portfolio performance management plan, and it was approved by the Oversight Committee. This plan, with an overall purpose to maximize portfolio performance, describes resource allocation and resource-related issues among other items. In it a key component is benefits realization. This emphasis on benefits planning provides:

1. A. Examples for templates for benefits realization planning
2. B. Methods to evaluate the expected net benefits
3. C. An approach focusing on continuous improvement in overall performance
4. D. Methods to assist in benefit identification

Correct Answer: B