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PfMP Exam Dumps - PMI Portfolio Management Professional Questions and Answers

Question # 14

Assume you are the portfolio manager for a company that specializes in software, including portfolio management software. It has many components under way to enhance the existing product line but also to move the company into Cloud computing. You regularly prepare reports on the portfolio status but lately have had a large number of stakeholders request ad hoc reports. You decided to survey your stakeholders to learn about their information needs. You next decided to hold some one-on-one interviews with several interested and influential stakeholders in terms of communications requirements. From these interviews you are concerned that some stakeholder groups may be missing so you decided to:

Options:

A.

Conduct another survey

B.

Hold some lessons learned sessions

C.

Have a brainstorming session

D.

Convene a focus group

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Question # 15

Multiple communication methods are used by the portfolio manager in order to proactively convey messages and engage the stakeholders at the right time and in the right manner. Which tool is used to visually convey multiple messages at the same time?

Options:

A.

Efficient Frontiers

B.

Dashboards

C.

Communication Calendar

D.

Resource sheets

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Question # 16

Working to monitor the portfolio especially in terms of its value to the organization, you had each component manager prepare monthly variance reports. Of the components ranked in the top 10, six of them realized they would not require some of their initial funding and still would be completed as planned. This means:

Options:

A.

Three-point estimating should be used as funds are allocated

B.

Next year's budget can be adjusted

C.

Historical data would be useful on estimates versus actual costs

D.

The amount of contingency and management reserves can be decreased

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Question # 17

As you are the portfolio manager for your state government agency, which is undergoing a series of budget cuts, you are focusing attention on managing risks to the portfolio as the budget is reduced. You realize in this process the time and budget for risk management also will be reduced; these data are in the:

Options:

A.

Portfolio performance plan

B.

Portfolio strategic plan

C.

Portfolio management plan

D.

Portfolio financial plan

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Question # 18

Having worked in portfolio management for several years, assume you were hired as the portfolio manager for a Real Estate Investment Trust, one of the largest in your country that specializes in apartments. The company continues to grow and wants to maximize value and profits for its investors. As you set up processes and procedures for portfolio management, you know from past experience that buy in from executives is insufficient. As you prepare a communications strategy, you focus on:

Options:

A.

Satisfying important information needs of stakeholders

B.

Surveying stakeholders through a questionnaire to determine information requirements

C.

Using focus groups to assist in determining information needs

D.

Focusing first on the executive team's communications requirements and then involving others

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Question # 19

You are managing a portfolio in a functional organization and resources are shared between operations and projects. You are continuously performing capability and capacity analysis in order to optimize the portfolio. Which of the following capability and capacity analysis is used to limit the number AND size of components the organization can execute?

Options:

A.

Financial

B.

Human Resources

C.

Knowledge Basis

D.

Assets

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Question # 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:

Options:

A.

Gaps in the portfolio

B.

Common causes

C.

Overall portfolio risk impact

D.

Rebalancing needs

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Question # 21

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:

Options:

A.

Each portfolio in the University should have the same restrictions in terms of available funding

B.

An effective resource assignment process is required

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

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Question # 22

Assume you are working in the Joint Forces Command in your country. In this agency, all of the defense agencies are consolidated for better collaboration to support troops working around the world. Each program or project tends to have more than one sponsor, and since each Command is represented in this agency, the same is true for the portfolio. These sponsors are listed in the:

Options:

A.

Governance plan

B.

Portfolio charter

C.

Portfolio performance plan

D.

Portfolio Review Board charter

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Question # 23

In a portfolio, data is an abundant asset, and managing the information aiming for a better decision making is critical. Which of the following are considered outputs to the Manage Portfolio Information process?

Options:

A.

Portfolio Process Assets updates, Portfolio Roadmap updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates

B.

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

C.

Portfolio Process Assets updates, Portfolio Charter updates, Portfolio updates, Portfolio Management Plan updates, Enterprise Environmental Factors updates

D.

Portfolio Process Assets updates, Portfolio Charter updates, Portfolio Reports updates, Portfolio Management Plan updates, Portfolio Component Reports updates

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Exam Code: PfMP
Exam Name: Portfolio Management Professional (PfMP)
Last Update: Aug 22, 2025
Questions: 495
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