PMI PfMP Practice Test Questions

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Share some Portfolio Management Professional PfMP exam questions and answers below.
A useful guideline to identify the portfolio and sub-portfolios is the: 
A.Portfolio charter 
B.Portfolio performance plan 
C.Portfolio structure 
D.Roadmap 
Answer: B

One key artifact to review as the portfolio communications management plan is prepared is the: 
A.Portfolio management plan as it shows all elements in it have communications requirements 
B.Portfolio performance plan as it sets forth needed reports and their frequency 
C.Portfolio strategic plan since it shows the need for strategic alignment 
D.Portfolio benefits realization plan to determine reports on progress in benefit realization, transition, and sustainment 
Answer : A

Working to prepare the communications plan, a best practice to follow is to use the roadmap. By doing so, it: 
A.Shows the overall portfolio timeline, useful for determining the frequency of reporting 
B.Provides information about interdependencies that may affect objectives 
C.Emphasizes milestones and the timing of key benefits 
D.Shows applicable constraints 
Answer : B

As you focus on managing the value pf the portfolio, you find that portfolio variance/alert reports are helpful. Assume you have been using a 'traffic light' format as it is easy to prepare, but an objective is to: 
A.Add in blue to show completed components 
B.Show dependencies between components with a different color 
C.Set it up to show the organizational value areas in the company 
D.Use a standardized format across components 
Answer : D

In identifying risks to then manage and control, as the portfolio manager you are consulting organizational process assets such as: 
A.Commercial data bases 
B.Lessons learned 
C.Knowledge bases 
D.Values 
Answer: D

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