PMI PfMP Dumps - 100% Cover Real Exam Questions (Updated 495 Questions)
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NEW QUESTION 220
One of the major steps for a portfolio manager is to know which components qualify to be included in the mix of components that will achieve the strategic objectives sought by the portfolio. As a program manager, you will use a variety of methods to help you achieve this purpose. Which of the following are valid tools and techniques?
- A. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis
- B. Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization
- C. Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis, PMIS
- D. Integration of Subsidiary Plans, Organizational Structure Analysis, Elicitation techniques
Answer: B
Explanation:
Explanation
The answer to this question is Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization
NEW QUESTION 221
You are in the toughest phase of the portfolio life cycle due to the governmental issues in your country.
Yesterday night, one of the key team members quit and left the country. You have included this in the portfolio risk register while planning the portfolio because you knew that this could happen and that this key resource has family in Canada and can leave if the situation gets bad. Following this, you activated the response plan, which is to initiate a new component that will cater for reaching the deliverable in another way.
However, an immediate approval is needed for initiation of this component or the end-of-month major deliverable will be delayed. To whom you should present the proposal for urgent approval?
- A. Executive Management
- B. Portfolio Governance Board
- C. You can take such decisions
- D. Portfolio Sponsor
Answer: D
NEW QUESTION 222
Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. Multiple risks have already been spotted in your portfolio and you are now identifying, assessing and developing risk response plans for them, in addition to monitoring and controlling them. What are you looking for? You were finding this hard at first however you asked the help from a senior portfolio manager and he redirected you to use
- A. Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization
- B. Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis
- C. Capability & Capacity, Weighted Ranking and scoring techniques, Graphical Analytical methods, Quantitative & Qualitative Analysis
- D. Weighted Ranking and scoring techniques, Quantitative & Qualitative Analysis
Answer: D
NEW QUESTION 223
You are the portfolio manager for a large and complex portfolio with a low risk appetite. You are currently planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes. Which of the following tools focuses on pricing and sales forecast?
- A. Trade-Off Analysis
- B. Budget Variability
- C. Market Payoff variability
- D. Market Requirement Variability
Answer: C
NEW QUESTION 224
You have been managing a complex portfolio for the banking industry and it is sought to be the shifting to the top-notch digital banking era for one of the major international banks. You know you will have changes along the lifecycle and you plan to manage them correctly in order to maintain alignment and correct execution. If you need to reflect changes based on cost, requirements, and schedule. To which of the following section in the portfolio management plan will you refer?
- A. Change control and management
- B. Manage strategic change
- C. Resource management
- D. Performance management
Answer: A
NEW QUESTION 225
You work in a fairly small company where the PMO helps in providing oversight to support the portfolio management. In such organization, where are the PMO structure, responsibilities, and implementation approach documented?
- A. Governance Model section in Portfolio Management Plan
- B. Strategic Management Plan
- C. Communication Management Plan
- D. Portfolio Oversight section in Portfolio Management Plan
Answer: D
Explanation:
Explanation
The PMO can also assist with communicating governance decisions, changes in the portfolio, and stakeholder communication according to sponsor and stakeholder requirements. If a PMO is to be utilized, the structure, responsibilities, and implementation approach will be documented in the portfolio management plan under the Portfolio Oversight section
NEW QUESTION 226
You have been asked to manage a major portfolio in order to salvage the company and and re-align it with the strategic objectives and goals. You decided to develop the strategic documents and are currently developing the charter. As a portfolio manager, which of the following would be your answer when asked of the purpose for the development of portfolio charter?
- A. Execute portfolio management processes
- B. Authorize portfolio components
- C. Start the development of Portfolio Management plan and all of its subsidiary plan
- D. Develop portfolio structure
Answer: A
NEW QUESTION 227
The Portfolio Management Office (PMO) provides support to the portfolio manager throughout the portfolio life cycle. Which of the below is not something that the PMO supports the portfolio manager with?
- A. Define Portfolio Management best practices
- B. Formulating component management standards
- C. Formulate organizational standards
- D. Define Portfolio Management standards
Answer: C
NEW QUESTION 228
Your organization tried implementing portfolio management in the past, but even though it purchased a sophisticated automated software system for scoring and prioritization, it was not successful. After a year of complaints about the system, the executive team disbanded it. Now, resources are scarce, and some executives who were involved in the earlier attempt have left the company. The new CEO asked for a list of ongoing programs, projects, and operational work, and you could not provide one even though you direct the Project Management Office. He wants this inventory so it then can be used as the starting point to implement portfolio management. You and several others stated it did not work previously and do not believe it will work in the company. The CEO then hired a person to be the portfolio manager from outside who reports directly to him.
The portfolio manager is emphasizing the importance of resources working on initiatives aligned with organizational strategy as part of the:
- A. Portfolio roadmap
- B. Portfolio performance plan
- C. Portfolio charter
- D. Portfolio communications strategy
Answer: D
NEW QUESTION 229
You are managing a large construction portfolio. Recently, and due to budget cuts, you have been having resources issues on multiple initiatives and has been struggling with maintaining a healthy resource allocations. You are currently analyzing the capability and capacity for scarce machinery resources shared across three major programs in the portfolio. What are you currently applying?
- A. Finite Capacity planning
- B. Resource Smoothing
- C. Resource Schedules
- D. Resource Management Tools
Answer: A
Explanation:
Explanation
First of all, in the exam, initiatives are components.
Finite capacity planning indicates resource bottlenecks and under and over allocations and is based on priorities that were agreed upon through governance oversight; and performs resource leveling across portfolio components. In this scenario, you are doing resource leveling for bottleneck resources used across multiple components
NEW QUESTION 230
Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. You are currently developing the guidelines and approaches for managing risks and are looking for methods to help you. What are you looking for?
- A. Weighted Ranking and scoring techniques, Pf Component inventory, Categorization
- B. Capability & Capacity, Weighted Ranking and scoring techniques, Graphical Analytical methods, Quantitative & Qualitative Analysis
- C. Weighted Ranking and scoring techniques, Quantitative & Qualitative Analysis
- D. Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis
Answer: D
NEW QUESTION 231
Assume you work in new product development, and you believe you have identified a component that will be a breakthrough for the company. However, you performed a capacity analysis with the help of your EPMO to assess resource availability especially in certain skill sets. You learned that key computer scientists required by this component were in short supply, yet you still believe this component should be in the portfolio. To convince the Portfolio Review Board to consider it, you decide to use:
- A. Market analysis
- B. Options analysis
- C. Resource smoothing
- D. Business value analysis
Answer: C
NEW QUESTION 232
Following an organizational change and restructuring. One of the Portfolio Key Stakeholders got a promotion and became a director. She became less interested in your portfolio and you used to engage her very closely.
What is your best course of action in this case?
- A. Escalate the issue to the steering committee in order to solve the issue from a management perspective
- B. Meet with the stakeholder and analyze her requirements again
- C. Move her to the third quadrant (high influence, low interest)
- D. This is a normal scenario in a given portfolio; you should continue work as normal
Answer: C
NEW QUESTION 233
Throughout the course of the portfolio lifecycle, components are initiated, terminated and updated. In order to be initiated, portfolio components receive go/no-go decisions during governance meetings. During which process the go/no-go decisions are taken?
- A. Review Meetings
- B. Manage Strategic Change
- C. Authorize Portfolio
- D. Provide Portfolio Oversight
Answer: C
NEW QUESTION 234
When it comes to change, one of your junior portfolio managers came to you requesting your help to deal with the overwhelming strategic changes. He wants your assistance in solving the issue of continuous changes in the organization's objectives. What should be your advice to him?
- A. Change is a normal thing when it comes to portfolios, and he should act upon each strategic change in a quick manner in order to re-align his portfolio
- B. Inform him that this is abnormal and that he should re-do the planning for his portfolio; even if it takes time and resources, but it will help him a lot for the rest of the portfolio life cycle
- C. Help him to align his portfolio and manage it correctly in order to decrease the number and scale of changes
- D. Not all strategic changes impacting his portfolio need to be taken care of; he should prioritize the change and only accept the ones with high priorities
Answer: A
NEW QUESTION 235
Due to a strategic change, multiple components on your portfolio have been terminated, leaving you with limited remaining funds coming from the terminated components. What should be your best course of action?
- A. Since the funds are limited, you can leave them with you and use them as equity protection for low probability and high impact risks
- B. Re-activate one of the terminated components because you have additional budget
- C. Return the funds to the organization
- D. Since the remaining budget is limited, the portfolio manager can directly assign it to ongoing components that need a little push
Answer: C
NEW QUESTION 236
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