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PfMP Exam Dumps - PMI Portfolio Management Professional Questions and Answers

Question # 24

As part of the annual planning, PMO has started to group initiatives managed under each portfolio in the organization. The collected list will be used in developing the new Portfolio Strategic Plan. What is this collected list called?

Options:

A.

Portfolio

B.

Portfolio Component Inventory

C.

Portfolio Process Assets (PPAs)

D.

Inventory of Work

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Question # 25

Portfolio managers tend to use the efficient frontier analysis as a modeling approach that gives decision makers the analytical tool to optimize portfolios given resource constraints such as risk. In which of the Portfolio management processes the efficient frontier is mostly used

Options:

A.

Optimize Portfolio

B.

Manage Supply & Demand

C.

Manage Portfolio value

D.

Manage Portfolio Information

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Question # 26

Embracing a management-by-projects culture means there tends to be far more projects to pursue than available resources. An approach then is required to guide decisions as to components in the portfolio. A best practice to follow is to:

Options:

A.

Set forth in the portfolio strategic plan a prioritization model

B.

Develop a portfolio roadmap

C.

Focus on both internal and external environmental changes

D.

Focus on sustainment of project benefits

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Question # 27

You are the manager of a major portfolio with a variety of stakeholders and stakeholder groups. you know that managing communication is key to success and you stress on maintaining a high communication level. As part of the portfolio communication management, multiple documents are prepared in order to effectively manage communications. The Communication matrix is one of the prepared documents, what does it include?

Options:

A.

Stakeholders roles, interests, expectations and groups

B.

Stakeholders quadrants showing the level of interest and influence

C.

Representation of all of the communication for the portfolio and their frequency over a period of time

D.

Intended recipients, communication vehicles, frequency and communication areas

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Question # 28

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 effect of changing one or more factors?

Options:

A.

Trade-Off Analysis

B.

Market Payoff variability

C.

Budget Variability

D.

Performance variability

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Question # 29

During one of the management meetings, an opportunity was identified. This opportunity has a huge impact on the portfolio. What is your first action as a portfolio manager?

Options:

A.

Document it in the benefits register

B.

Update the portfolio management plan

C.

Document it in the risk register

D.

Update the portfolio roadmap

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Question # 30

One of your portfolio team members is confused on the reason behind using the three processes: Define Portfolio, Optimize Portfolio, Authorize Portfolio and Manage Portfolio value. For him, we can skip a couple of processes. He came to you for advice. What should be your response to him?

Options:

A.

He is right, processes can be skipped if you want to do the other ones

B.

The processes are similar and can be skipped. The reason they exist in the standard is to cover the define, align, and monitor and control process groups

C.

The processes are not similar and they are interrelated, they are continuously executed throughout the portfolio life cycle

D.

The processes are part of the standard for portfolio management and should not be skipped

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Question # 31

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 are currently in the middle of developing the strategic plan and require the following inputs

Options:

A.

Organizational Strategy & Objectives, Enterprise Environmental Factors, Roadmap

B.

Organizational Strategy & Objectives, Enterprise Environmental Factors, Organizational Process Assets, Portfolio Process Assets, Inventory Of Work

C.

Organizational Strategy & Objectives, Enterprise Environmental Factors, Roadmap, Portfolio Management Plan

D.

Organizational Strategy & Objectives, Enterprise Environmental Factors, Portfolio, Portfolio Management Plan

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Question # 32

Your team members were having a discussion about the purpose behind the development of the Portfolio Charter and they came to you for advice because they could not agree on a common answer. What would be your advice to them?

Options:

A.

To develop the Portfolio Management Plan

B.

To authorize the portfolio manager to apply portfolio resources to portfolio components and to execute the portfolio management processes

C.

To develop the Portfolio roadmap

D.

To set specific timelines for the portfolio

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Question # 33

You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the communication closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust Communication management plan. What is the result of developing this plan?

Options:

A.

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

B.

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

C.

Portfolio Process Assets updates, Portfolio Management Plan updates

D.

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