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PMI Portfolio Management Professional (PfMP) Sample Questions (Q595-Q600):

NEW QUESTION # 595
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. Initiating the portfolio
B. Authorizing the portfolio
C. Achieving Results
D. All of the options

Answer: C

Explanation:
Explanation
The Aligning Process Group is most active after the portfolio organization has defined and developed its strategic goals, near-term budgets, and plans. Traditionally, these activities are used to manage ongoing portfolio activities. The focus of the Aligning Process Group is achieving results. Some of those results are updated in the portfolio assets This group determines how portfolio components will be categorized, evaluated, selected for inclusion, modification, or elimination, and managed in the portfolio. This is done in order to deliver benefits and achieve results.

NEW QUESTION # 596
In your telecom company, a number of criteria must be considered as you develop your approach to prioritize components in the portfolio. Your management insists that to be competitive the products must be first to market or the window of opportunity is lost with the result being not only lost revenues but also lost productivity. Another criterion to consider is:

A. Goals and objectives
B. Customers
C. External dependencies
D. Regulatory compliance

Answer: D

NEW QUESTION # 597
Which methods are most effective in determining stakeholders'communication needs?

A. Questionnaires/surveys, phone calls, and emails
B. Questionnaires/surveys, lessons learned, and interviews
C. Lessons learned, feedback sessions, and spreadsheets
D. Lessons learned, interviews, and best practices

Answer: B

NEW QUESTION # 598
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, selection, categorization, scoring, ranking, prioritization, resource allocation
B. Identification, categorization, ranking, scoring, selection, prioritization, resource allocation
C. Identification, categorization, scoring, ranking, prioritization, selection, resource allocation
D. Identification, categorization, scoring, ranking, selection, prioritization, resource allocation

Answer: D

Explanation:
Explanation
You rank after scoring, you select after ranking and before prioritizing. Hence, the correct steps are Identification, categorization, scoring, ranking, selection, prioritization, resource allocation

NEW QUESTION # 599
You are managing a portfolio for a major car dealer in the region and due to diversity of locations, funding terms and your client's corporate structure, you have a big number of components to be included in the portfolio. With such a huge number, you need to prioritize the components in order to prepare the mix of components to execute. Where can you find the prioritization model?

A. Portfolio Roadmap
B. Portfolio Charter
C. Portfolio Strategic Plan
D. Portfolio Risk Management Plan

Answer: C

Explanation:
Explanation
You are defining the mix of components, thus you are in the define portfolio process that has as input the strategic plan containing the prioritization model to be used.

NEW QUESTION # 600
......

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