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PMI Portfolio Management Professional Exam

Certification Provider: PMI
Exam Name: Portfolio Management Professional
Number of questions in our database: 494
Exam Version: Apr. 21, 2024
Exam Official Topics:
  • Topic 1: Monitor the portfolio performance on an ongoing basis/ Recommend portfolio scenario(s) and related components
  • Topic 2: Define and establish a governance model including the structure/ Determine the impact to portfolio and portfolio components
  • Topic 3: Determine portfolio management standards, protocols, rules, and best practices/ Collect and consolidate key performance metric data
  • Topic 4: Manage and escalate issues by communicating recommended actions to appropriate decision makers/ Identify prioritization criteria
  • Topic 5: Evaluate organizational strategic goals and objectives using document reviews/ Make recommendations and obtain approval regarding portfolio decisions
  • Topic 6: Maintain records by capturing portfolio artifacts, such as approvals, prioritizations/ Update and refine existing portfolio road maps
  • Topic 7: Analyze and optimize the consolidated allocation/reallocation of capacity/ Manage portfolio changes using change management techniques
  • Topic 8: Measure the aggregated portfolio performance results against the defined business or strategic goals/ Determine acceptable level of risk for the portfolio
  • Topic 9: Balance portfolio and prioritize portfolio components, using established criteria/ Develop the portfolio risk management plan, using governance risk guidelines, processes
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Free PMI Portfolio Management Professional Exam Actual Questions

The questions for Portfolio Management Professional were last updated On Apr. 21, 2024

Question #1

Assume you are the portfolio manager for a telecommunications company. Your company was about to launch a new and easy to use smart phone with more features than any existing phones on the market at a lower price. However, although the phone was due to market in five days, the Federal Communications Commission issued today a regulation that would make your new phone not available for use in airplanes. Thus additional work must be done, and your executives are wondering whether a new phone should be developed for this new feature. You are ensuring that if a new phone is developed, or if the almost completed product is not to be marketed, there is still alignment to the organization's strategy. As you complete an analysis of alternatives, you also should ensure results of the analysis are reflected in the:

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Correct Answer: B

Question #2

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:

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Correct Answer: D

Question #3

You want to ensure that the Portfolio Review Board is able to make key decisions at each meeting. As the portfolio manager, you and your staff are responsible for scheduling the meetings, providing the agenda, taking minutes, tracking open issues, and documenting and communicating decisions that are made to key stakeholders. Before each meeting, you feel it is a best practice to:

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Correct Answer: A

Question #4

As soon as you complete the portfolio risk management plan, and you have been working on it now with a team, you realize you need to update some organizational process assets such as:

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Correct Answer: A

Question #5

Your organization has a defined portfolio management process that it has followed for three years. As the portfolio manager, you keep your various plans up to date, and because of numerous regulatory changes involving the telecom industry, it is time to review and update the risk management plan. You have several key stakeholders working with you as you realize the importance of this plan in maintaining a competitive advantage. One way you and your team are assessing the various risks that may impact the structure of the portfolio is to use:

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Correct Answer: C


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