Online Access Free PfMP Practice Test

You have set a series of meetings with your portfolio team members as an answer to the identification and update of the organization near-term budget and plans. As a result you have defined and developed the portfolio strategic goals, near-term budgets, and plans, and you now want to start managing ongoing portfolio activities. What is the focus of what you are doing?

• A.Authorizing the portfolio
• B.All of the options
• C.Initiating the portfolio
• D.Achieving Results

Multiple communication methods are used by the portfolio manager in order to proactively convey messages and engage the stakeholders at the right time and in the right manner. Which tool is used to visually convey multiple messages at the same time?

• A.Resource sheets
• B.Dashboards
• C.Communication Calendar
• D.Efficient Frontiers

A new portfolio manager replaces a previous portfolio manager. The new portfolio manager decides to map the return on investment (ROI) of each project in the portfolio by evaluating each project over a 5-year period and to provide best-case and worst-case estimates for each project.
The portfolio manager finds that the differences between the best- and worst-case estimates are consistently greater than the estimates that had been given by the previous portfolio manager.
An explanation for this is that, compared to the previous portfolio manager, the new portfolio manager is more:

• A.optimistic.
• B.pessimistic.
• C.of a risk avoider.
• D.of a risk seeker.

Assuming a portfolio manager position means one has more stakeholders than in program, project, or operational roles. The goal is to identify all interested stakeholders but often overlooked are:

• A.Alliances
• B.Associations
• C.Consumer groups
• D.External resource providers

A portfolio manager is having a status meeting with the various program managers within the portfolio. One of the program managers mentions a new risk that may impact a deliverable. While it has a low probability, the risk would nearly double the program's costs and affect the overall portfolio if it occurred.
The best course of action for the portfolio manager to take is to:

• A.ensure contingency reserves are allocated and application approaches are developed.
• B.perform a risk assessment with subject matter experts to understand the risk's impact.
• C.escalate new portfolio risks to the steering committee in accordance with the risk management plan.
• D.advise the program manager to manage low probability risks within the program and escalate them if their probabilities increase.