VALID PfMP Exam Dumps For Certification Exam Preparation
PfMP Dumps PDF 2022 Strategy Your Preparation Efficiently
NEW QUESTION 58
Assume your company recently diversified, and in addition to producing its recognized brand of ice cream products, it now also is producing cereal and nutritional products. Assume you have been using the Efficient Frontier to manage portfolio value. With diversification to these new products:
- A. The best possible portfolios are shown above the portfolio curve
- B. Each product line should have its own portfolio to use the Efficient Frontier approach effectively
- C. The same expected return from the portfolio may be possible
- D. The new potential portfolio outcomes concerning success criteria can be determined
Answer: C
NEW QUESTION 59
A number of components proposals are on the table as a result of the strategic planning cycle. While defining the portfolio, you wanted to make a preliminary screening of the proposed components in order to filter them based on the acceptance criteria. Which of the following techniques you use?
- A. Portfolio Component Inventory
- B. Categorization technique
- C. Weighted ranking and scoring
- D. Prioritization
Answer: A
Explanation:
Explanation
Preliminary comparison of all inventoried portfolio components against the portfolio component definition is used to identify portfolio components that meet requirements for consideration. The portfolio component definition is used to make a first screening on the portfolio component list. For example, to be part of the portfolio, a portfolio component should be greater than a predetermined minimum size and be in line with the basic strategic goals
NEW QUESTION 60
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 following techniques uses historical data to determine if resource requirements have been consistently underestimated?
- A. Lessons Learned Analysis
- B. Trend Analysis
- C. Value Scoring & Measurement
- D. Requirements Analysis
Answer: B
NEW QUESTION 61
A portfolio manager needs to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery, in addition to managing communication, risk, etc. For this you develop a robust Portfolio Management Plan. Which of the below is not a part of this plan?
- A. Portfolio Strategic Plan
- B. Portfolio Performance Management Plan
- C. Change Control and Management
- D. Portfolio Communication Management Plan
Answer: A
Explanation:
Explanation
The Portfolio Strategic Plan is not considered as part of the Portfolio Management Plan
NEW QUESTION 62
Working to ensure the portfolio management process is one that is followed and is embraced has been a major challenge. As the portfolio manager, assume you set up meetings with the Portfolio Governance Group bi-weekly since there is constant change in your telecom company. You also want the portfolio process to be transparent. To do so, a useful tool to communicate status is:
- A. The portfolio roadmap
- B. Key portfolio milestones
- C. A governance decision register
- D. Reports on funding decisions
Answer: A
NEW QUESTION 63
Your company got recently acquired by another company and the strategic directions which your portfolio is based on have been changed. Which document do you, as a portfolio manager, change to reflect the portfolio new vision?
- A. Portfolio Management Plan
- B. Communication Management Plan
- C. Portfolio Roadmap
- D. Portfolio Strategic Plan
Answer: D
Explanation:
Explanation
The Strategic Plan includes: Vision for the portfolio, which is based on the alignment with the organization's goals and objectives Objectives; Measurable goals and guidance, Components relationships and dependencies; Allocation of funds and resources for different types of initiatives; Portfolio benefits and value expected; Communication required to ensure successful change and implementation; Can include prioritized initiatives; Strategic objectives; Resources required by type and quantity; Key assumptions, constraints, relationships, dependencies, and risks; Portfolio structure including a listing of the various portfolio components and other work; Portfolio prioritization model, a high-level prioritization, decision-making framework; Organization areas and organization structure; Organizational risk tolerance, communication strategy, and performance strategy
NEW QUESTION 64
Your company works closely with the government on the implementation of water pumps for rural areas. You are constantly dealing with new and updated regulations, and periodically adapting the portfolio to the changes. When it comes to regulatory components, how do you include the components in the portfolio?
- A. Include them directly in the portfolio without categorization, ranking and scoring
- B. Normally categorize, score and rank the components and include them similar to any other component in the portfolio
- C. Normally categorize, score and rank the components, however, include them in the final portfolio regardless of the results
- D. Reject them if they are not strategically aligned with the portfolio objectives
Answer: C
NEW QUESTION 65
When it comes to managing the portfolio value, one of the junior portfolio managers came to you asking about the relation between cost-benefit analysis and the efficient frontier analysis. What should your answer to her be?
- A. Efficient frontiers are not static, and organizations should monitor cost-benefit ratios on a continual basis
- B. Cost-Benefit analysis are not static, and organizations should monitor the efficient frontier ratios on a continual basis
- C. The Efficient frontier analysis is used while performing the Cost-benefit analysis in order to get the confidence factor in the estimates
- D. Efficient frontier tracks the realized value against planned costs; thus is another way of cost-benefit analysis
Answer: A
NEW QUESTION 66
Your State Governor is fiscally conservative and has limited significantly the financial resources to be provided to each University in the eight Universities in the State's system. Recognizing your University is going to have a 55% reduction in its budget, your Chancellor is re-evaluating all the work that is under way to see how much it can do with fewer resources. Every department will have layoffs at all levels. However, the University does have a portfolio management process in place, which people support. This means for effective portfolio management:
- A. An effective resource assignment process is required
- B. Each portfolio in the University should have the same restrictions in terms of available funding
- C. Pareto analysis should be used to focus attention on those components with the greatest impact
- D. Portfolio maturity should be a factor in determining plans and decisions
Answer: A
NEW QUESTION 67
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. Where is this type of results normally found?
- A. Resource Pools
- B. Portfolio Reports
- C. Portfolio Management plan
- D. Portfolio Process Assets
Answer: A
NEW QUESTION 68
comes to this type of organizations, which of the following statements is true?
- A. Resource Supply is continuously adjusted through permanent and temporary resources
- B. Projects that align with strategic objectives should be initiated even if the ROI is negligible
- C. Human Resources should be fixed and work should be allocated based on the capacity and capability
- D. All incoming projects and customers' requests should be accepted and resources should be supplied whether permanently or temporarily
Answer: A
NEW QUESTION 69
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?
- A. Enables decision makers to create a variety of portfolio scenarios using different combinations of both potential components and current components
- B. Helps differentiate between the resources capability and capacity
- C. Helps determine various possibilities of resource allocations and the impact to component schedules
- D. All of the Options
Answer: C
NEW QUESTION 70
While the Governance Board has a variety of significant roles in portfolio management, especially in terms of the recommendations it makes, c they involve:
- A. Interdependencies between components
- B. Resolution of issues and risks
- C. Resource reallocation
- D. Portfolio balancing and prioritization
Answer: C
NEW QUESTION 71
Managing Strategic Change is an integral part of any portfolio in order to remain aligned with the strategic objectives. Your portfolio has undergone a major strategic change and you are currently interviewing senior executive stakeholders and analyzing requirements and expectations for strategic change in order to re-align the portfolio. Which of the following tools and techniques are you currently using?
- A. Stakeholder Analysis
- B. Gap Analysis
- C. Readiness Assessment
- D. Change Analysis
Answer: A
NEW QUESTION 72
You have been assigned as the manager for a major transformation portfolio in your company. You are acquiring the position due to the failure of the previous manager and the strategic importance of the portfolio.
You start by consulting the portfolio strategic plan. What do you expect finding in that plan?
- A. Allocation of funds and resources for different types of initiatives and how these contribute to the organization's objectives
- B. Governance model
- C. Scope of the portfolio and the initial list of primary internal and external portfolio stakeholders
- D. Managing strategic changes
Answer: A
Explanation:
Explanation
The Governance model, Managing strategic changes and Scope of the portfolio and the initial list of primary internal and external portfolio stakeholders, are part of the Portfolio Management Plan.
The Portfolio Strategic Plan includes: Vision for the portfolio, which is based on the alignment with the organization's goals and objectives; Objectives; Measurable goals and guidance, Components relationships and dependencies; Allocation of funds and resources for different types of initiatives (portfolios, sub-portfolios, and other work) and how these contribute to the organization's objectives; Portfolio benefits are clearly and consistently identified; Performance results, and value expected; Communication required to ensure successful change and implementation; Initiatives can be appraised and prioritized; Strategic objectives can be optimized with available resources and risks; Resources required by type and quantity; Key assumptions, constraints, relationships, dependencies, and risks; Portfolio structure including a listing of the various portfolio components and other work; Portfolio prioritization model, a high-level prioritization, decision-making framework; Org areas and org structure; Organizational risk tolerance, communication strategy, and performance strategy
NEW QUESTION 73
You have just finalized aggregating value from the ongoing components to present a consolidated report to the governance board, in addition to recommending changes to portfolio and information to enable a better decision making. You are now looking for a place to document updates including new measures, reports and processes for effective ongoing management of the portfolio value. In which of the following documents are these measures included?
- A. Portfolio Reports
- B. Portfolio Process Assets updates
- C. Portfolio Management Plan updates
- D. Portfolio updates
Answer: C
NEW QUESTION 74
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 following techniques uses historical data to determine if resource requirements have been consistently underestimated?
- A. Lessons Learned Analysis
- B. Trend Analysis
- C. Value Scoring & Measurement
- D. Requirements Analysis
Answer: B
Explanation:
Explanation
As part of the Manage Supply and Demand tools and techniques and specifically the Quantitative & Qualitative Analysis, Trend Analysis is the tool used to determine if resource requirement have been consistently underestimated, determine if resources are consistently over or under performing and optimize the current resource supply and demand
NEW QUESTION 75
After the second shutdown of the Government, your Agency Administrator realized that some essential programs had to continue even during the shutdown, some existing work along with some programs and projects in the pipeline perhaps were not needed, and resources may require reallocation. This example shows the:
- A. Need to reconsider portfolio selection criteria
- B. Need to reevaluate the entire portfolio management cycle
- C. Need to revise the portfolio mix
- D. Importance of regular reviews by the Portfolio Review Committee
Answer: C
NEW QUESTION 76
The portfolio management information system (PMIS) is often a collection of spreadsheets rather than automated tools. An effective PMIS enables the portfolio manager to define, analyze, design, produce, and manage systems to support a successful portfolio. Which of the following is a trait of a PMIS?
- A. Learning hub
- B. Archiving legal data
- C. Recording Stakeholder opinion
- D. All of the options
Answer: B
NEW QUESTION 77
......
Latest Verified & Correct PfMP Questions: https://www.easy4engine.com/PfMP-test-engine.html
100% Pass Guaranteed Download Portfolio Management Professional Exam PDF Q&A: https://drive.google.com/open?id=1QjMcxbrJmc6Dr-JY-chBH7FVXSBbcJTg
