Online Access Free PfMP Practice Test

As part of the new strategic direction, the executive management has decided to create a portfolio for the development of a new product. You have been assigned as the portfolio manager. What should you do as a first step?

• A.Update existing portfolio
• B.Develop the Strategic Plan
• C.Check existing portfolios, programs and projects
• D.Update the Strategic Plan

What type of analysis should a portfolio manager use to determine the measures needed for organizational improvement and to increase the market value of portfolio components?

• A.Business value
• B.Quantitative
• C.Cost-benefit
• D.Market/competitor

Which of the following is an example of business imperatives?

• A.Investments that build the infrastructure to grow the business
• B.IT compatibility
• C.Revenue increase
• D.Market share increase

You are approaching a major checkpoint and right before the review meeting, one of the key stakeholders asked you to add a small component which is of high interest to her and requires minimal effort and spans a short duration. What should you, as a portfolio manager do?

• A.Add it directly to the portfolio after prioritization because it is a quick project and it will have high value to a key stakeholder
• B.Propose the request during the upcoming steering committee meeting
• C.Directly reject the request as it is unethical
• D.Find out its strategic alignment and present it to the steering committee

Portfolio Governance is important in a portfolio to maintain correct alignment, monitor and control performance and status, reshuffle the mix of components as found necessary, etc. Governance management includes which of the following processes?

• A.Manage Supply & Demand
• B.Develop Charter
• C.Optimize Portfolio
• D.Develop Portfolio Communication Plan