Online Access Free PfMP Practice Test

Along your portfolio lifecycle, you have been conducting multiple review meetings to ensure continuation from one phase to another and to ensure the alignment and value delivery, in addition to communicating decisions and valuable information to the related stakeholders.
Changes to the approach of portfolio governance may be a result of review meetings. Which of the following options include updates to the governance model?

• A.Portfolio Strategic Plan updates
• B.Portfolio Management Plan updates
• C.Portfolio Reports
• D.Portfolio Process Assets updates

Assume you are co-owner of a small consulting firm. Previously, you worked as a managing partner in one of the larger consulting firms in your country that had a defined portfolio management process to determine key opportunities to pursue to focus not solely on proposal win ratio but to aggressively emphasize capture ratio. Now in your new company in terms of portfolio management, the best practice to follow is to:

• A.Have your Board of Directors serve as a Portfolio Review Board
• B.Involve your business partner plus the firm's subject matter experts in portfolio decisions
• C.Work with your business partner in terms of portfolio management
• D.Set up an independent group of advisors to meet quarterly as a Portfolio Review Board

Resources allocation and optimization for use is key to a successful portfolio. You have assigned human resources, funds and other required assets to a component that you have initiated recently. What should have been done prior to being able to to that?

• A.Prioritized the component
• B.Managed Portfolio Value
• C.Communicated the decision to all stakeholders
• D.Authorized the component

Portfolio Governance Model is developed as part of the Portfolio management plan and defines the way the organizational assets and resources are planned to be managed within the portfolio according to the specific environment of the organization. Which of the following is correct regarding the Governance Model purpose and content?

• A.Establishes and tailors the decision-making rights and authorities
• B.All of the options
• C.Contains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment risks, and dependencies
• D.Ensures benefits are comprehensively and holistically taken into consideration

You are planning to set up a regular portfolio oversight meeting. How do you ensure stakeholder communication requirements are met?

• A.Ensure stakeholders available to join the meeting
• B.Use a dashboard to increase transparency
• C.Engage stakeholders to ensure their needs are met
• D.Ensure the meeting is aligned with the communication management plan