This page was exported from IT certification exam materials [ http://blog.dumpleader.com ] Export date:Thu Jan 30 17:35:06 2025 / +0000 GMT ___________________________________________________ Title: Updated Oct-2022 Premium PfMP Exam Engine pdf - Download Free Updated 495 Questions [Q18-Q37] --------------------------------------------------- Updated Oct-2022 Premium PfMP Exam Engine pdf - Download Free Updated 495 Questions Authentic PfMP Dumps With 100% Passing Rate Practice Tests Dumps PMI PfMP Exam Syllabus Topics: TopicDetailsTopic 1Balance portfolio and prioritize portfolio components, using established criteria Develop the portfolio risk management plan, using governance risk guidelines, processesTopic 2Monitor the portfolio performance on an ongoing basis Recommend portfolio scenario(s) and related componentsTopic 3Analyze and optimize the consolidated allocationreallocation of capacity Manage portfolio changes using change management techniquesTopic 4Measure the aggregated portfolio performance results against the defined business or strategic goals Determine acceptable level of risk for the portfolio   NO.18 The portfolio manager defines the portfolio based on a listing of already existing work in the organization and selects the right components in order to be able to prioritize them. What do you use for defining the portfolio based on the listing of work?  Prioritization  Inventory of Work  Portfolio Component Inventory  Elicitation technique ExplanationBy understanding the objectives, expected benefits, performance, and prioritization criteria, the portfolio manager is able to define the portfolio in accordance with strategic direction and prioritization criteria. This may be an initial portfolio based on a list of work, and the portfolio may be further elaborated to reduce gaps in meeting strategic objectives. The scenario in this question explains the portfolio component inventoryNO.19 One of the ten underlying principles of portfolio management involves a strategic focus. Assume you are going to have a short meeting with your CEO tomorrow, and you want to succinctly describe it. You will tell the CEO it is important since it:  Emphasizes the need for portfolio management to attain strategic objectives  Provides a clear basis for decision making  Includes processes and change initiatives to accomplish organizational strategies  Balances conflicting demands NO.20 Recognizing that different components can have different types of risks, you decide to see how each risk affects the components. For example, assume you have identified a structural risk as overly ambitious plans and determine this risk affects three of the top five risks in your portfolio. You also have identified an environmental risk, in terms of whether the component will promote the organization’s vision, which affects two components. Each component then has some other types of risks that affect it. From such an analysis you can see:  Gaps in the portfolio  Common causes  Overall portfolio risk impact  Rebalancing needs NO.21 You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. Risk Categories, criteria and probability and impact are updated as a result of Developing the Risk Management Plan. These updates are recorded in which of the following?  Portfolio Management Plan updates  Portfolio Process Assets updates  Organizational Process Assets updates  Portfolio Reports NO.22 As a portfolio manager you visit and re-do the Optimize Portfolio process continuously. Which of the following, in your opinion, is the objective/purpose of the Optimize Portfolio Process?  Balance the portfolio for performance and value delivery  Make Governance Decisions  Create an up-to-date list of qualified portfolio component  Allocating resources to develop component proposals or execute portfolio components ExplanationThe purpose of this process is to optimize and balance the portfolio for performance and value deliveryNO.23 You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risks is key to success, and you are coaching your team on the same. 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 effects of portfolio velocity?  Budget Variability  Market Payoff variability  Time-To-Market Variability  Trade-Off Analysis NO.24 When it comes to change, one of your junior portfolio managers came to you requesting your help to deal with the overwhelming strategic changes. He wants your assistance in solving the issue of continuous changes in the organization’s objectives. What should be your advice to him?  Change is a normal thing when it comes to portfolios, and he should act upon each strategic change in a quick manner in order to re-align his portfolio  Not all strategic changes impacting his portfolio need to be taken care of; he should prioritize the change and only accept the ones with high priorities  Help him to align his portfolio and manage it correctly in order to decrease the number and scale of changes  Inform him that this is abnormal and that he should re-do the planning for his portfolio; even if it takes time and resources, but it will help him a lot for the rest of the portfolio life cycle NO.25 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?  Resource Pools  Portfolio Process Assets  Portfolio Reports  Portfolio Management plan NO.26 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, update to reflect how the new strategy will be implemented?  Portfolio Strategic Plan  Portfolio Management Plan  Portfolio Roadmap  Communication Management Plan NO.27 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 have just finalized managing the strategic change and you are expected to present the following documents:  Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Portfolio update  Portfolio Strategic Plan update, Portfolio Management Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Portfolio update  Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Organizational Process Assets update  Portfolio Strategic Plan update, Portfolio Roadmap update, Portfolio Charter update, Organizational Process Assets update, Portfolio Management Plan update ExplanationThe answer to this question is Portfolio Strategic Plan update, Portfolio Management Plan update, Portfolio Roadmap update, Portfolio Charter update, Portfolio Process Assets update, Portfolio updateNO.28 While defining the portfolio, a portfolio manager does a preliminary comparison of all inventoried portfolio components against the portfolio component definition. For this, the descriptors of each portfolio component are used in order to compare it to other components. Which of the following is not a component key descriptors?  Component Customer  Urgency  Resources Required  Component Number NO.29 Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently aggregating value delivered by the portfolio components. Which of the following methods are helpful to you?  Elicitation techniques, Capability & Capacity Analysis, PMIS  Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative Analysis  Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis  Elicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis ExplanationThis scenario relates to the tools and techniques of the “Manage Portfolio Value” process. The answer to this question is Elicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization AnalysisNO.30 Following a recent portfolio health check, you noticed that your portfolio is not aligned with the strategic plan and actions should be taken to stop losing money. What should be your next course of action?  Escalate to the executive management  Update the Strategic Plan  Escalate to Governance Board  Escalate to sponsor directly ExplanationYour first line of escalation should be the portfolio governance board. Only in the cases of emergency that the portfolio sponsor can be consulted directly.NO.31 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?  Establishes and tailors the decision-making rights and authorities  Ensures benefits are comprehensively and holistically taken into consideration  Contains criteria to ensure alignment to strategic goals, expected return on investment (ROI), investment risks, and dependencies  All of the options ExplanationThe Governance Model clearly defines Roles and responsibilities for specific roles such as portfolio manager, sponsors, portfolio stakeholders, executive stakeholders, and program and project managers. Roles and responsibilities need to be defined for portfolio management and for various governing bodies. It also establishes and tailors the decision-making rights and authorities, responsibilities, rules, and protocols needed to manage progress based on portfolio riskNO.32 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. Capability and Capacity analysis is performed in 4 of the portfolio management processes and it serves a slightly different purpose in each and every one of them. When it relates to developing the charter, and in order to complete the portfolio structure, the capability and capacity analysis is used to  Measure the internal resource capacity and establish the external resources availability  Measure internal and external resources capabilities and capacities  Measure the internal resource availability and establish the external resources capacity  Measure availability and capability of internal resources and forecast the use of external resources ExplanationInternal resource capacity is required to be measured and external resource availability is required to be established to complete the portfolio structure. These human resource, financial, and asset capacity considerations will be limiting factors for the number and size of portfolio components the organization can executeNO.33 In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following help you with managing the portfolio value?  PMIS, Elicitation techniques, Communication Requirements Analysis, Communications Methods  Elicitation techniques, Capability & Capacity Analysis, PMIS  Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis  Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative NO.34 Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. Which of the following highlights the difference between portfolio risk and program or project risks?  Portfolio risks focus on strategies, whereas program and project risks focus on implementation  Portfolio Risks may be actively accepted in anticipation of high rewards, whereas, program and project level risks are not  Portfolio risks are the aggregation of subsidiary programs and projects risks  Portfolio risks can not be mitigated to other third parties, whereas program and project risks can NO.35 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 NO.36 A new portfolio manager in your organization is currently preparing his portfolio charter and has come to you asking advice about what should be present in charter  Justification, Scenario Analysis, Capability & Capacity Analysis  Key dependencies, critical success criteria, high-level timelines  All internal and external dependencies, components fixed timelines  Justification, Scenario Analysis ExplanationJustification is correct, however the other points in the options are tools and techniques used and not content.Charter contains the portfolio vision, objectives, portfolio justification, key and major stakeholders, stakeholder expectations and requirements, communication requirements, high-level scope, benefits, critical success criteria, resources, high-level timeline, and assumptions, constraints, dependencies, and risksNO.37 You are the CIO of a real estate investment trust (REIT) that invests in apartments and condominiums in more than 50% of the states in your country. Your organization has as its goal to respond to any concerns that arise within 24 hours; for example, you want to make sure Wi-Fi sites are operational if there are any power outages, and people have soft phone service available 24/7. You are a member of the REIT’s Portfolio Review Board, and as a member of the executive team in terms of portfolio risk management, you want to focus on:  Issues with product support  Identifying and managing liabilities  Interaction of component risks  Inconsistent processes  Loading … Verified Pass PfMP Exam in First Attempt Guaranteed: https://www.dumpleader.com/PfMP_exam.html --------------------------------------------------- Images: https://blog.dumpleader.com/wp-content/plugins/watu/loading.gif https://blog.dumpleader.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2022-10-19 15:53:18 Post date GMT: 2022-10-19 15:53:18 Post modified date: 2022-10-19 15:53:18 Post modified date GMT: 2022-10-19 15:53:18