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NEW QUESTION 295
Portfolio management processes are performed in an environment broader than a portfolio; therefore, an organization-level implementation team supported by executive management, a governing body, and portfolio managers join forces to implement organization-level portfolio management processes. After Defining roles and responsibilities for portfolio management process implementation, what should be the FIRST next step?
- A. Developing the Portfolio Strategic Plan
- B. Changing business processes
- C. Define and deploy detailed portfolio management processes and provide training to staff and stakeholders.
- D. Communicate the portfolio management implementation plan
Answer: D
NEW QUESTION 296
Your CEO is keen to know the expected value of multiple components that interest him and wants you to give him a comparison of the expected value across components. You are currently looking for a tool to facilitate comparison of expected value across components and support informed portfolio decision making. What are you looking for?
- A. Portfolio Strategic Plan
- B. Portfolio Process Assets
- C. Manage Portfolio Value
- D. Value Measurement Framework
Answer: D
NEW QUESTION 297
The members of your Portfolio Review Board and other key stakeholders tend to be risk adverse as the company has survived recent recessions and is profitable. However, in an upcoming meeting with the corporate Board of Directors, they have asked you to show the frequency of meeting certain cost objectives at various percent points. For example assume the portfolio is to meet a $41,000 target in the next month, to be
75% confident this will occur, a forecast of $50,000 is needed. This means you need to show:
- A. The values of KPIs with their confidence levels
- B. The confidence of meeting success criteria
- C. The probability of achieving portfolio objectives
- D. The needed contingency reserve
Answer: C
NEW QUESTION 298
You have scored the portfolio components and are analyzing the data in order to prioritize the components.
Using the following scoring table, which of the options represents the correct Components Priority? Taking into consideration that the costs for each component is Component A: 10 K USD, Component B: 15 K USD, Component C: 16 K USD, Component D: 13 K USD and Component E: 11 K USD; The budget for this portfolio is a fixed one of 40 k USD Larger image
- A. A, C, E, B
- B. D, B, E, A
- C. D, B, E
- D. D, B, C, E
Answer: C
Explanation:
Explanation
D, B, E is the correct prioritization sequence. First, you need to calculate the (Value*Weight) for each criteria for each component:
then, sum the three resulting columns into a total column:
The priority is from the highest to the lowest; Then, you need to accept the prioritized components until you reach the budget cap: Component D (13 K) + Component B (15 K) + Component E (11 K); Component E is the last accepted one before reaching the budget cap.
NEW QUESTION 299
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
- A. Identification, categorization, scoring, ranking, selection, prioritization, resource allocation
- B. Identification, selection, categorization, scoring, ranking, prioritization, resource allocation
- C. Identification, categorization, ranking, scoring, selection, prioritization, resource allocation
- D. Identification, categorization, scoring, ranking, prioritization, selection, resource allocation
Answer: A
NEW QUESTION 300
A junior Portfolio manager has come to you for advice. He is hearing a lot about the definition of portfolio management, however, he is not sure anymore of the exact one. What do you, as an experienced portfolio manager tell him?
- A. A portfolio is a component collection of programs, projects, or operations managed as a group to achieve strategic objectives
- B. In a portfolio, the Portfolio manager follows the portfolio management processes linearly and does not need to repeat a process once finished
- C. Generally, you have a single portfolio in an organization, and all other portfolios are sub-portfolios of it
- D. A portfolio has clear start and end dates in order for the organization to be able to know when to achieve its strategic objectives
Answer: A
Explanation:
Explanation
A portfolio is a component collection of programs, projects, or operations managed as a group to achieve strategic objectives. An organization may have one or more portfolios. Portfolio management processes are repeated throughout the portfolio life cycle. A portfolio does not have a set end date.
NEW QUESTION 301
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the performance closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust performance management plan. What is the expected result from developing this plan?
- A. Portfolio Management Plan updates, Portfolio updates, Portfolio Reports, Enterprise Environmental Factors updates
- B. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Reports, Enterprise Environmental Factors updates
- C. Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates, Portfolio updates
- D. Portfolio Management Plan updates, Portfolio Process Assets updates
Answer: D
NEW QUESTION 302
Stakeholders are an integral part of the portfolio. The portfolio manager will work with the stakeholders to plan, execute and eventually deliver and close the portfolio. While developing the performance management plan, the portfolio manager plans a series of sessions with key stakeholders to define Key Performance Indicators (KPIs). What are these sessions collectively referred to in a portfolio?
- A. Elicitation Techniques
- B. Capability and Capacity Analysis
- C. Communication Methods
- D. Communication Requirements Analysis
Answer: A
NEW QUESTION 303
You are managing a portfolio linked to multiple business units and you set clear accountabilities from the beginning to avoid delays and to enhance the decision making process. Roles and Responsibilities are recorded in multiple portfolio documents. Where are the portfolio component managers roles and responsibilities stored?
- A. Portfolio Management Plan
- B. Strategic Plan
- C. Portfolio Process Assets
- D. Specifically the Communication Management Plan
Answer: A
NEW QUESTION 304
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. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to developing the charter, and in order to complete the portfolio structure, the capability and capacity analysis is used to
- A. Measure internal and external resources capabilities and capacities
- B. Measure the internal resource availability and establish the external resources capacity
- C. Measure the internal resource capacity and establish the external resources availability
- D. Measure availability and capability of internal resources and forecast the use of external resources
Answer: C
NEW QUESTION 305
While Optimizing your portfolio, you need to present to the governance board how your components will be ranked and balanced in a quantifiable way. How will you do this?
- A. Graphical analytical methods
- B. Scenario Analysis
- C. Value measurement and scoring
- D. Weighted ranking and scoring
Answer: D
Explanation:
Explanation
Using the Weighted ranking and scoring technique, portfolio components are ranked according to pre-established criteria. Techniques include Single-Criterion Prioritization Model, Multiple-Criteria Weighted Ranking and Multi-Criteria Scoring Model
NEW QUESTION 306
As part of the Portfolio Communication, the Portfolio Manager analyzes the raw data assimilated from the portfolio process assets and from the stakeholder analysis. This analysis aims to isolate the data that hold value to the receiving audience. Which tool can the portfolio manager use to help him in performing this analysis?
- A. Stakeholder Analysis
- B. Communication Methods
- C. Elicitation
- D. Communication Requirements Analysis
Answer: D
Explanation:
Explanation
Data gathered in the Manage Portfolio Information process often begins as raw data or information without full context. Some of this data may be from external research specifically for market comparative analysis.
With the communication requirements analysis technique, the data and information are analyzed to separate the data that hold value to the receiving audience
NEW QUESTION 307
You are the portfolio manager for your military-vehicle service firm, which has been in existence for 20 years.
You have a number of components under way, and others in the pipeline. One component involves a new gas detection system, which uses new technology. It has interfaces with two other existing components plus one in development. Recently, a simulator, used by three components, had to be shut down completely as it was leaking nitrogen and could lead to asphyxiation. You reported it immediately to the Hazardous Materials and Pipeline Safety Administration. This is an example of a:
- A. Structural risk
- B. Known unknown
- C. Critical incident
- D. Execution risk
Answer: D
NEW QUESTION 308
As part of the annual planning, PMO has started to group initiatives managed under each portfolio in the organization. The collected list will be used in developing the new Portfolio Strategic Plan. What is this collected list called?
- A. Portfolio Process Assets (PPAs)
- B. Portfolio
- C. Portfolio Component Inventory
- D. Inventory of Work
Answer: D
NEW QUESTION 309
Your sponsor is under a lot of pressure from the management because the portfolio has been hit by multiple risks already and the situation is going towards its termination. Your sponsor asked you to prepare him an analysis to show the probable ROI and the confidence level in it. Which approach is the best one in this case?
- A. Monte Carlo Analysis
- B. SWOT Analysis
- C. What-if Analysis
- D. Scenario Analysis
Answer: A
NEW QUESTION 310
As a portfolio manager and as part of your governance role, you use multiple tools and techniques to monitor and control the portfolio and maintain oversight. Which of the following can be used as tools and techniques in your role in oversight?
- A. Review meetings, Elicitation techniques, Integration Management
- B. Review meetings, Elicitation techniques, Scenario Analysis
- C. Review meetings, Elicitation techniques
- D. Review meetings, Elicitation techniques, PMIS
Answer: C
NEW QUESTION 311
As vision is the desired end state, it requires specific strategies to attain it. These strategies are best achieved by establishing:
- A. Critical success factors
- B. Outcomes
- C. Key performance indicators
- D. Goals
Answer: D
NEW QUESTION 312
While your organization maintains a decision register after each meeting of the Portfolio Review Board, this register only notes decisions that are made when a component is added to the portfolio or if the Board terminates a component. If the component is terminated, the reason for the termination is not listed. Also if a proposed component is not approved, the reason is not listed. It is evident this register is lacking in its usefulness, which means it requires updating as it is:
- A. An organizational process asset
- B. Part of the governance model
- C. In the portfolio management plan
- D. A portfolio process asset
Answer: D
NEW QUESTION 313
When it comes to managing a portfolio, you have a variety of assets, plans and tools and techniques used. It requires a good experience to handle all of these artifacts. One of your portfolio team members came to you asking about the relation between the portfolio performance management plan, the portfolio management plan and portfolio strategic plan. What should your answer be?
- A. The portfolio performance management plan and the portfolio strategic plan are both subsidiaries of the portfolio management plan
- B. The portfolio performance management plan is a subsidiary plan or a component of the portfolio management plan. The portfolio strategic plan is a separate plan
- C. The portfolio strategic plan is a subsidiary plan or a component of the portfolio management plan. The portfolio performance management plan is a separate plan
- D. The portfolio performance management plan is a subsidiary plan or a component of the portfolio strategic plan. The portfolio strategic plan is also incorporated within the portfolio management plan as a part of it
Answer: B
Explanation:
Explanation
The portfolio performance management plan is a subsidiary plan or a component of the portfolio management plan. The portfolio strategic plan is a separate plan
NEW QUESTION 314
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?
- A. All of the options
- B. Communication Strategy matrix
- C. Communication Matrix
- D. Elicitation technique
Answer: D
Explanation:
Explanation
The Stakeholder Analysis results in the definition of the types of stakeholders (Internal/External), the stakeholder communication strategy matrix (Influence/Interest) and the stakeholder matrix including stakeholders groups, roles, interests and expectations
NEW QUESTION 315
While a variety of prioritization approaches are available and are useful in portfolio management and many software packages support the various approaches, it is important to recognize:
- A. Mandatory criteria
- B. Allocation of funds across categories based on business value
- C. Resource constraints
- D. Methods to determine which components should receive the highest priority
Answer: A
NEW QUESTION 316
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