2024 Latest PfMP Exam Dumps Recently Updated 495 Questions [Q282-Q303]

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2024 Latest PfMP Exam Dumps Recently Updated 495 Questions

PMI PfMP Real 2024 Braindumps Mock Exam Dumps

PMI PfMP (Portfolio Management Professional) Certification Exam is a globally recognized certification that is designed for professionals who want to manage multiple projects and programs to achieve strategic business objectives. Portfolio Management Professional (PfMP) certification is offered by the Project Management Institute (PMI), which is the world’s leading professional association for project management.

QUESTION 282
You have already created portfolio scenarios (what-if analysis) by reviewing components against prioritization criteria and using analysis techniques (e.g., options analysis, risk analysis, SWOT analysis, financial analysis).
You now want to recommend portfolio scenario(s) and related components, based on prioritization analysis/criteria. You are doing this in order to

Provide a guiding framework to operationalize the organizational strategic goals and objectives

Evaluate and select viable options

Create a basis for decision making

Provide governance with a rationale for decision making

QUESTION 283
Your company has multiple portfolios on the way and a variety of different clients and industries. Risk levels are high due to recent governmental regulations and the company has recently been penalized due to a non-compliance to one of the standards. You know that you need to closely managing this. As a result, you will be come out with

Portfolio Management Plan updates, Portfolio updates, Portfolio Reports, Enterprise Environmental Factors updates

Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates, Portfolio updates

Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Reports, Enterprise Environmental Factors updates

Portfolio Management Plan updates, Organizational Process Assets updates, Portfolio Process Assets updates, Portfolio Reports

QUESTION 284
The portfolio is undergoing and your are now in the monitoring and controlling phase. Two of your team members are arguing about what to use in order to determine decisions to be made with regards to the portfolio and its components. What should be your advice to them?

They should use the elicitation techniques to get as much data as possible on the progress in order to be able to take decisions

They should conduct review meetings on formal and scheduled basis

They should conduct review meetings on scheduled and informal basis

They should conduct review meetings on need basis

QUESTION 285
A big strategic change occurred at the organization level and has impacted multiple portfolios in the organization including yours. The CEO has asked you to prepare a presentation to depict the impact of this change on portfolio resources. Which of the following should you present in this case?

Communication matrix and communication calendar

Resource Histograms

Benefits Realization

Efficient Frontier

QUESTION 286
The Scenario Analysis is used twice as a tool and technique, once while developing the charter and another time while managing Supply and Demand (It also exists as part of the quantitative and qualitative analysis as part of the optimize Portfolio process). When it comes to Manage Supply and Demand, which of the following represents a correct description of the Scenario Analysis?

All of the Options

Helps differentiate between the resources capability and capacity

Helps determine various possibilities of resource allocations and the impact to component schedules

Enables decision makers to create a variety of portfolio scenarios using different combinations of both potential components and current components

QUESTION 287
When managed correctly, the balanced scorecards can change the way an organization does business.
Balanced scorecards keep focus on results. Which of the following are factors that can be targeted by the Balanced Scorecards method?

Product Manufacturing, core competencies, response times, maintenance costs, shareholder value

Reward, Leveraging Skills, Leveraging Information Systems, core competencies

Product Manufacturing, core competencies, response times, reward, shareholder value

Learning & Growth, Internal Process, Customer, Financial, Reward, maintenance costs, market value, supplier value

QUESTION 288
You have just finished the development of the Portfolio Communication Management Plan. The portfolio team is looking for portfolio value assessment, status reports, and portfolio forecast with variance to plan. Where should they find this information?

Portfolio

None of the options

Portfolio Management Plan

Portfolio Process Assets

QUESTION 289
Assume you are the portfolio manager for the Federal Railroad Administration. Funding is provided annually according to the Government’s budget process. Any monies that are not spent at the end of a fiscal year are lost, and there are some restrictions in place concerning whether funds can be transferred to different programs, projects, or operations work in the agency. Therefore, to maximize the use of funding you require:

Regular reports on funds for authorized components

Projections on a quarterly basis as to the funds components require

Mechanisms for internal audits to ensure funds are allocated effectively

Accurate estimates of the funds needed when the component is proposed for consideration

QUESTION 290
Different stakeholders will have different portfolio reporting requirements. Sponsors for example will have a great interest in:

If the portfolio will meet organizational strategy

Status in achieving benefits

Overall portfolio value

Status in terms of other authorized components

QUESTION 291
Assume you are the portfolio manager for a leading drug store in your country that offers numerous products.
In the past four years, nearly every store has had to enlarge its pharmacy unit and hire additional staff members with the aging population. Observing this change, two years ago, stores set up clinics to provide customers with immediate care. As you see the growth in the stores in the health arena, you are looking at trends and realize:

Alcohol, tobacco, and sugar soft drink products should no longer be offered

Each store requires a balance between its health care services and products that may have adverse health effects

Customers wonder if they should trust the health care services offered given the other available products

For the health care clinics to be viewed with integrity, a medical doctor must be available at each store

QUESTION 292
You have been assigned as the manager for a major transformation portfolio in your company. You have a new direction in sight and you need to work with the team to attain the end goal and achieve the expected strategy. You are currently in the middle of developing the strategic plan and require the following inputs

Organizational Strategy & Objectives, Enterprise Environmental Factors, Roadmap

Organizational Strategy & Objectives, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets, Inventory Of Work

Organizational Strategy & Objectives, Enterprise Environmental Factors, Roadmap, Portfolio Management Plan

Organizational Strategy & Objectives, Enterprise Environmental Factors, Portfolio, Portfolio Management Plan

QUESTION 293
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Which of the below helps in optimizing the supply and demand?

Minimize both the unused capacity and the unmet demands

Maximize both the unused capacity and the unmet demands

Maximize the unused capacity and minimize the unmet demands

Minimize the unused capacity and maximize the unmet demands

QUESTION 294
Portfolio Reports are widely used as inputs and outputs to multiple processes throughout the Portfolio Life Cycle. Which of the following is NOT part of portfolio reports?

None of the options

Updates in resources, risks/issues, value/benefits, performance, and financials

Governance Recommendations

Feedback report to organizational strategy planning

QUESTION 295
Assume your automotive company is new to formal portfolio management. It has had for years a strategic plan and tries to be first to market for new and improved features on its vehicles each model year. You were hired as the portfolio manager to provide a more disciplined approach for determining new products to pursue as well as existing ones that should be terminated. So far, you have set up an approach, established categories for the various components, and determined a method to rank and score new proposals for consideration. Now you are working to set up practices to follow to optimize the portfolio. In doing so, it is important to note that:

The criteria to optimize the portfolio may be the same as that used in the scoring model

A portfolio management information system should be set up

Future investment requirements are a key criterion to consider

Compliance with organizational standards cannot be overlooked

QUESTION 296
When managed correctly, the balanced scorecards can change the way an organization does business.
Balanced scorecards keep focus on results. As a portfolio manager, you know that the purpose of using the balanced scorecards is

All of the options

Translate a high level strategic plan into an operational action plan

Measure performance against goals

Bring a feedback loop to strategic planning

QUESTION 297
While planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes; which of the following tools determines the effect of changing one or more factors?

Trade-Off Analysis

Market Payoff variability

Budget Variability

Performance variability

QUESTION 298
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?

Find out its strategic alignment and present it to the steering committee

Add it directly to the portfolio after prioritization because it is a quick project and it will have high value to a key stakeholder

Directly reject the request as it is unethical

Propose the request during the upcoming steering committee meeting

QUESTION 299
You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. When it comes to Portfolio dependencies, which of the following is true regarding the roadmap?

The roadmap forms the initial basis on which dependencies are established both within the portfolio and externally to the portfolio, between the organization areas

The Portfolio roadmap includes programs and projects roadmaps, so it establishes the internal dependencies for the portfolio and its subsequent programs and projects

The roadmap is internal to the portfolio, so it only establishes the internal dependencies

The roadmap caters for the alignment with strategic objectives, so it establishes external dependencies

QUESTION 300
Which of the following is NOT considered as a criteria for prioritization?

Interdependency

Number of Human Resources Required

Legalities

Strategic Alignment

QUESTION 301
You have just recommended the Portfolio Strategic Plan and Portfolio to the governance board for approval.
The portfolio board members informed you that they did not find what they were looking for in the strategic plan and that it needs to be reworked. What should have been part of your Strategic Plan?

Allocation of funds for different types of initiatives

List of components with their detailed information

Timelines and Schedules

Governance Model

QUESTION 302
Assume you completed your portfolio performance management plan, and it was approved by the Oversight Committee. This plan, with an overall purpose to maximize portfolio performance, describes resource allocation and resource-related issues among other items. In it a key component is benefits realization. This emphasis on benefits planning provides:

Examples for templates for benefits realization planning

Methods to evaluate the expected net benefits

An approach focusing on continuous improvement in overall performance

Methods to assist in benefit identification

QUESTION 303
In order to guide the work and correctly manage the portfolio, one of the major documents to be prepared is the Portfolio Management Plan acting as guideline for portfolio management. What are the tools and techniques you could use while developing this plan?

Integration of Subsidiary Plans, Organizational Structure Analysis, Elicitation techniques

Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis, PMIS

Capability & Capacity Analysis, Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis

Weighted Ranking and scoring techniques, Portfolio Component inventory, Categorization