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Reference: https://www.pmi.org/certifications/portfolio-management-pfmp
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PMI Portfolio Management Professional (PfMP) Sample Questions:
Once senior management has identified and agreed upon organizational goals, it is important to prioritize these goals as an input to the portfolio:
- A. organizational plan.
- B. strategic plan.
- C. tactical plan.
- D. roadmap plan.
Correct Answer: B 🗳️
Assume you recently were hired to be the first portfolio manager at the leading producer of soft drink beverages. While the company is well known for one product, it wants to be the leader in other products and services as well. When you were hired, you told the CEO it would take time to fully implement portfolio management, and you first would prepare a number of artifacts. He set up a Portfolio Review Board, and its members are reviewing your work. As they reviewed the portfolio management plan, one of the members suggested you prepare an in-depth portfolio performance plan. Your first step is to:
- A. Align strategic management to the goals and objectives
- B. Review portfolio goals
- C. Review the prioritization model
- D. Assess the risk profile
Correct Answer: B 🗳️
A portfolio must initiate a new program to develop a new product. This new program will require significant resources currently allocated to existing components.
What should the portfolio manager use to determine how to allocate these key resources?
- A. Interdependency analysis
- B. Gap and variance analyses
- C. Qualitative and quantitative analyses
- D. Pareto analysis
Correct Answer: A 🗳️
ecause your company's Portfolio Review Board consists of the Directors of its five business units and is chaired by the CEO, the meetings tend to be contentious as there is limited funding available to authorize all the proposed programs and projects. Dissension also is the norm if resources are reallocated from one business unit to another. As a result, the CEO:
- A. Often uses a Delphi approach
- B. Strives to use consensus to make decisions, but this approach rarely is effective
- C. Uses multi-voting and makes the final decision
- D. Decided to use an outside facilitator when meetings are held
Correct Answer: D 🗳️
Values assist in guiding actions, evaluations, and decisions. Assume your organization is considering entering into a consortium to produce a heliumcontrolled car. Once the helium is supplied, additional amounts will not be needed. The car is to be personally appealing with a focus on an inexpensive cost to increase marketability. The consortium will enable each firm to capitalize on the expertise of the other firms in it, but the customer will view it as a separate entity.
If your organization enters into the consortium, it must justify the value to the portfolio of doing so.
In addition to ensure benefits are realized a focus is needed on:
- A. Sustainable value
- B. Organizational value
- C. Employee value
- D. Managerial value
Correct Answer: D 🗳️
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