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Clear PfMP Exam & PfMP Exam Study Guide
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P.S. Free & New PfMP dumps are available on Google Drive shared by PassExamDumps: https://drive.google.com/open?id=1maySKIHuGFh-9A_YRvc6XRnLM0kB8sXH
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The PfMP certification is designed for experienced portfolio managers, program managers, and senior-level executives who are responsible for managing a portfolio of projects and programs in an organization. Portfolio Management Professional (PfMP) certification program validates the professional’s knowledge and skills in portfolio management, including portfolio governance, portfolio performance management, portfolio risk management, and portfolio communication management. The PfMP Certification is ideal for professionals who are looking to advance their career in portfolio management and enhance their credibility in the industry.
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To be eligible for the PfMP Certification Exam, candidates must have a minimum of eight years of professional experience in portfolio management, with at least four years of experience in leading and directing portfolio management programs. In addition, candidates must possess a four-year degree from an accredited institution or an equivalent educational qualification. Portfolio Management Professional (PfMP) certification exam is designed to test candidates' knowledge and skills in various areas of portfolio management, including portfolio governance, performance management, risk management, and stakeholder engagement.
PMI Portfolio Management Professional (PfMP) Sample Questions (Q38-Q43):NEW QUESTION # 38
You have been managing a complex portfolio for the banking industry and it is sought to be the shifting to the top-notch digital banking era for one of the major international banks. You know you will have changes along the lifecycle and you plan to manage them correctly in order to maintain alignment and correct execution. If you need to reflect changes based on cost, requirements, and schedule. To which of the following section in the portfolio management plan will you refer?
- A. Resource management
- B. Manage strategic change
- C. Performance management
- D. Change control and management
Answer: D
Explanation:
Explanation
Change Control and management manages changes to approved scope and requirements, schedules, and funding, including review and approval by Stakeholders and governing bodies. It may also include starting, stopping, and delaying portfolio components as resources are re-prioritized to other Portfolio components
NEW QUESTION # 39
Assume you work in a weak matrix structure in your pharmaceutical company in which most of the program and project managers are coordinators, and most of the staff that supports them are in functional organizations.
On some high priority programs, staff may be dedicated to the program full time for a short time period; however, operational work often takes precedence especially in manufacturing. The demand for some of the pharmaceutical products often outpaces the available supply, and shelf life is short. These fluctuations of resources then:
- A. Led to the development of resource heuristics as to how best to manage the portfolio
- B. Require use of resource smoothing
- C. Impact the availability of the work managed within the portfolio
- D. Require sign-offs from functional managers on the portfolio charter concerning resource availability
Answer: C
NEW QUESTION # 40
When developing the charter, you will use multiple inputs and documents of which the portfolio Strategic Plan is one. How is the strategic plan used in this case?
- A. It is not an input to this process
- B. It is updated based on the output of the Develop portfolio charter process
- C. The prioritization model is used as a decision framework to structure the portfolio components
- D. The Portfolio Structure and Portfolio Manager's Authorizations are copied from the Portfolio Strategic Plan as is and incorporated in the Charter
Answer: C
NEW QUESTION # 41
The interest, influence, and communication needs of business operational stakeholders who are looking to ensure alignment between portfolio components, while minimizing negative impact and maximizing positive benefits of all portfolio-managed changes to their business operations, relate to which type of stakeholders?
- A. Internal and External Stakeholders
- B. Internal Stakeholders
- C. Does not relate to stakeholders
- D. External Stakeholders
Answer: B
NEW QUESTION # 42
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs 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 performance management plan, what is the purpose of using this analysis?
- A. To understand how much work is able to be performed based on the resources available (capacity), as well as the ability of the organization to source and execute the selected portfolio
- B. Performed to understand the human, financial, and asset capacity and capability of the organization in order to select, fund, and execute portfolio components
- C. To study the capability of resources, match them against the portfolio's objectives and goals, and translate the capability into what capacity is possible to meet the portfolio demands
- D. It enables the organization to achieve maximum portfolio benefits given current resource constraints
Answer: B
NEW QUESTION # 43
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