PfMP Free Practice Test

You have been assigned as the manager for a major transformation portfolio in your company. You are acquiring the position due to the failure of the previous manager and the strategic importance of the portfolio. You start by consulting the portfolio strategic plan. What do you expect finding in that plan?

1. A. Allocation of funds and resources for different types of initiatives and how these contribute to the organization??s objectives
2. B. Governance model
3. C. Managing strategic changes
4. D. Scope of the portfolio and the initial list of primary internal and external portfolio stakeholders

Correct Answer: A

Since you work for a global aerospace and defense organization, it decided to pilot the implementation of portfolio management in its cargo aviation business unit. You were asked to lead this initiative and realized before you could proceed, you should find out information about all the existing projects, programs, and operational activities. This task took three months to complete, but with this list, you now can use it to set up categories for the work that is under way and to also define criteria to use to propose new components. As a result you should:

1. A. Determine how to optimize the existing work
2. B. Ensure the criteria and categories are aligned with the portfolio roadmap
3. C. Set up a Portfolio Review Board
4. D. Prepare a portfolio performance plan

Correct Answer: B

A portfolio manager needs to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to
optimize delivery, in addition to managing communication, risk, etc. For this you develop a robust Portfolio Management Plan. Which of the below is not a part of this plan?

1. A. Change Control and Management
2. B. Portfolio Communication Management Plan
3. C. Portfolio Strategic Plan
4. D. Portfolio Performance Management Plan

Correct Answer: C

You are mid-way through your portfolio and you are approaching a major milestone where multiple components will be authorized for execution and implementation. For informed decision making, as a portfolio manager, you will be communicating reports that will be viewed and analyzed, and used as critical information for taking a decision for the authorization of components. After passing through the authorization process, multiple reports are generated and others are updated. What type of reports is generated from this process?

1. A. Performance
2. B. Resources
3. C. Value
4. D. Resources, Assets and governance decisions

Correct Answer: D

As part of developing the Communication Management Plan, a portfolio manager executes the Communication Requirements Analysis, in addition to Stakeholders Analysis. Which of the following options in your opinion is a result of the Stakeholders Analysis?

1. A. All of the options
2. B. Communication Matrix
3. C. Communication Strategy matrix
4. D. Elicitation technique

Correct Answer: D