This page was exported from Free valid test braindumps [ http://free.validbraindumps.com ] Export date:Sat Apr 5 17:54:20 2025 / +0000 GMT ___________________________________________________ Title: [Q161-Q183] Tested Material Used To PfMP Test Engine Exam Questions in here [Jun-2023] --------------------------------------------------- Tested Material Used To PfMP Test Engine Exam Questions in here [Jun-2023] Penetration testers simulate PfMP exam PDF NO.161 As a portfolio manager, you map the business value areas to each component in your portfolio in order to maintain alignment with the organizational strategy. What is the mechanism that will be used for tracking areas of measurement for assessing how the mix of portfolio components is performing?  Benefits Realization  Performance Metrics  Manage Portfolio Value  Portfolio Roadmap ExplanationThe performance metrics are used for targeting areas of measurement for assessing how the mix of portfolio components is performing. Benefits realization aids the management and tracking of portfolio benefitsNO.162 As part of developing the Communication Management Plan, a portfolio manager executes the Communication Requirements Analysis, in addition to Stakeholders Analysis. Which of the following options in your opinion is a result of the Stakeholders Analysis?  All of the options  Communication Matrix  Communication Strategy matrix  Elicitation technique ExplanationThe Stakeholder Analysis results in the definition of the types of stakeholders (Internal/External), the stakeholder communication strategy matrix (Influence/Interest) and the stakeholder matrix including stakeholders groups, roles, interests and expectationsNO.163 Risks perspectives differ within the organization between executive management, operations management, portfolio management and project/program management. When it comes to Operations management, which of the following is a risk concern?  Issues with Product development  Time to market  Reporting and data accuracy  Time, cost and scope commitments NO.164 In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the components report status and progress to the portfolio. What is the relation between the portfolio and portfolio components when it comes to defining the performance measures and targets (metrics)?  Portfolio metrics are not related to component metrics, each is used at its own level  Metrics are defined at portfolio level and given as guidelines to components in order to define their own metrics  Portfolio metrics used at the portfolio level are the same used at components level  Metrics are defined at components level and rolled up to the portfolio level NO.165 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 NO.166 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. A major risk has recently occurred and the risk owner came to you asking advise on how to report it. what would you advise her?  Portfolio Process Assets  Risk Register  Portfolio Organizational Assets  Portfolio Reports ExplanationThe risk register is not used for communication with stakeholders as it may contain sensitive information and information with access rights. Risks and issues are part of the portfolio reports which contain, among others, portfolio risks and issues.NO.167 Along the course of the portfolio, you will be recommending the initiation, termination and update of components. The governance bodies will be approving or rejecting your recommendations as part of their role in the authorization of the portfolio. As a portfolio manager, which of the following, in your opinion, is the objective/purpose of the Authorize Portfolio Process?  Make Governance Decisions  Allocating resources to develop component proposals or execute portfolio components  Create an up-to-date list of qualified portfolio component  Balance the portfolio for performance and value delivery ExplanationThe purpose of this process is to activate selected portfolio components by allocating resources to develop component proposals or execute portfolio components; update relevant portfolio reports such as funding updates, resource assignments, and allocations; and document governance decisionsNO.168 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 NO.169 Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. You are currently developing the guidelines and approaches for managing risks and are looking for methods to help you. What are you looking for?  Weighted Ranking and scoring techniques, Quantitative & Qualitative Analysis  Weighted Ranking and scoring techniques, Pf Component inventory, Categorization  Weighted Ranking and scoring techniques, Graphical Analytical Methods, Quantitative & Qualitative Analysis  Capability & Capacity, Weighted Ranking and scoring techniques, Graphical Analytical methods, Quantitative & Qualitative Analysis NO.170 Your organization, a leading restaurant focusing on pancakes, is seeking to expand its portfolio. It is interested in ensuring new components support: return on investment, customer satisfaction, reputation enhancement, and branding. These four areas represent:  Metrics  Organizational value areas  Organizational strategic objectives  Critical success factors NO.171 Assume you are responsible for portfolio management in your organization. You are responsible for managing the value of the portfolio and for recommending changes to your Portfolio Review Board to enhance its value.To do so, you monitor benefits, interdependencies between components, changes, and responsibilities and accountabilities as stated in the:  Portfolio charter  Portfolio management plan  Portfolio performance plan  Portfolio strategic plan NO.172 While your organization maintains a decision register after each meeting of the Portfolio Review Board, this register only notes decisions that are made when a component is added to the portfolio or if the Board terminates a component. If the component is terminated, the reason for the termination is not listed. Also if a proposed component is not approved, the reason is not listed. It is evident this register is lacking in its usefulness, which means it requires updating as it is:  In the portfolio management plan  A portfolio process asset  An organizational process asset  Part of the governance model NO.173 When it comes to managing a portfolio, you have a variety of assets, plans and tools and techniques used. It requires a good experience to handle all of these artifacts. One of your portfolio team members came to you asking about the relation between the portfolio performance management plan, the portfolio management plan and portfolio strategic plan. What should your answer be?  The portfolio strategic plan is a subsidiary plan or a component of the portfolio management plan. The portfolio performance management plan is a separate plan  The portfolio performance management plan is a subsidiary plan or a component of the portfolio management plan. The portfolio strategic plan is a separate plan  The portfolio performance management plan is a subsidiary plan or a component of the portfolio strategic plan. The portfolio strategic plan is also incorporated within the portfolio management plan as a part of it  The portfolio performance management plan and the portfolio strategic plan are both subsidiaries of the portfolio management plan NO.174 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. What you use to perform this?  Elicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis  Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis  Elicitation techniques, Capability & Capacity Analysis, PMIS  Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative Analysis ExplanationThis scenario targets the tools and techniques of the “Manage Supply & Demand” process. The answer to this question is Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative AnalysisNO.175 The existing portfolio manager was replaced by a new portfolio manager and the analysis has shown that the distance between the pessimistic and best case scenario of the new portfolio manager is larger than the old one, which kind of manager is the new one?  Optimistic  Pessimistic  Risk Averse  Risk Taker NO.176 Communication is one of the largest activities that the portfolio manager does along the portfolio lifecycle. As an experienced portfolio manager, you know that communication and information needs vary between portfolios, programs and projects. How do you define the difference in those three levels of Project Management?  Communications at a Program level are more diversified than at project and portfolio levels Communications at a Portfolio level are more diversified than at project and program levels  Communications at a Project level are more diversified than at portfolio and program levels  Criticality of the communication with relation to the organization is highest at a project level as the business value is acquired at this level ExplanationPortfolio communication recognizes the broad and varied stakeholders from executive management through individuals performing the basic tasks to third parties. The information needs of portfolio stakeholders are much more varied than with project-level communication primarily because of the breadth and variety of stakeholdersNO.177 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 are considered inputs to the Manage Supply and Demand process?  Portfolio, Portfolio Management Plan, Portfolio Reports, Portfolio Process Assets  Portfolio, Portfolio Management Plan, Portfolio Process Assets  Portfolio, Portfolio Management Plan, Portfolio Reports, Portfolio Components Reports  Portfolio, Portfolio Management Plan, Portfolio Reports NO.178 Your company’s new CEO has set an aggressive target and informed everyone that the target needs to be met by all means in order for the company to be able to realize benefits and avoid bankruptcy. What is the best management approach that the portfolio manager should take in this case?  Directing  Advising  Leading  Supporting NO.179 Chartering the portfolio is an important step towards the initiation of the endeavor. It authorizes the portfolio managers to use the resources and marks the first step towards the allocation of resources to the components upon their initiation. Which of the below can help you while developing the charter?  Strategic Alignment Analysis, Prioritization Analysis, Portfolio Component Inventory  Prioritization Analysis, Interdependency Analysis, Cost-Benefit Analysis  Scenario Analysis, Capability & Capacity Analysis  Gap Analysis, Readiness Assessment, Stakeholder Analysis NO.180 Stakeholders expectations and requirements change throughout the portfolio life cycle. New stakeholders can be added or removed and requirements need to be continuously solicited in order to keep the portfolio aligned with stakeholders expectations. What is the process for soliciting requirements called?  Communication Requirements Analysis  Elicitation  Stakeholder Analysis  Communication Methods ExplanationThe scenario can be achieved using elicitation techniques i.e. interviews, questionnaires, surveys, meetings, brainstorming, etc.NO.181 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 continuously report risks and issues to stakeholders. One of the key stakeholders is furious as he cannot find an issue that has occurred a week ago in the risk register. What should you do in this case?  Inform the stakeholder that risk that have occurred are removed from the risk register and not used anywhere else  Inform the stakeholder that issues are risks that have occurred and are tracked as part of the issue register  Inform the stakeholder that you will directly fix this and include it in the risk register  Inform the stakeholder that when positive risks occur they become realized opportunities and when negative risks occur they become realized threats ExplanationThe correct approach here is to inform the stakeholder that issues are risks that have occurred, and are tracked as part of the issue register. Option “Inform the stakeholder that when positive risks occur they become realized opportunities and when negative risks occur they become realized threats” is correct however it is not relevant to this scenarioNO.182 For governments worldwide, you normally have a lot of people reluctant to change and to using new technology tools especially for communication. You are managing a governmental portfolio and planning for a transformational endeavor. You are currently depicting the various communication media and methods to be used, where is this information normally used?  Communication Matrix  Stakeholder Communication Strategy Matrix  Stakeholder Groups  Stakeholder Matrix NO.183 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. You are currently in the process of identifying and analyzing risk, in addition to developing risk responses and monitoring and controlling risk. Which documents can help you achieve this?  Portfolio Management Plan, Organizational Process Assets, Portfolio Reports, Enterprise Environmental Factors  Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Portfolio  Portfolio Management Plan, Organizational Process Assets, Portfolio Process Assets, Enterprise Environmental Factors, Portfolio, Portfolio Reports  Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors  Loading … Authentic Best resources for PfMP Online Practice Exam: https://www.validbraindumps.com/PfMP-exam-prep.html --------------------------------------------------- Images: https://free.validbraindumps.com/wp-content/plugins/watu/loading.gif https://free.validbraindumps.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2023-06-24 09:40:35 Post date GMT: 2023-06-24 09:40:35 Post modified date: 2023-06-24 09:40:35 Post modified date GMT: 2023-06-24 09:40:35