PfMP Practice Test 10 — 10 Questions

Question 1

A major vendor supporting your portfolio has filed for bankruptcy. This is an example of:

Accepted Answer

A portfolio-level risk.. This is an external, high-impact risk that requires immediate portfolio-level response.

Answer

An internal operational bottleneck.

Answer

A simple issue to be fixed by procurement.

Answer

A project-level constraint.

Question 2

Which TWO components of the portfolio are directly influenced by the Portfolio Governance Plan?

Accepted Answer

Component selection and authorization process.. The plan dictates how components are managed throughout their lifecycle and how they are monitored at the portfolio level.

Answer

The daily technical code commits of developers.

Answer

The individual vacation schedule of project team members.

Answer

The cafeteria menu at the office.

Question 3

A portfolio manager is preparing a report for a governance review. What information should be highlighted?

Accepted Answer

The current status of strategic alignment, risks, and financial performance.. Governance reviews focus on performance against strategic value, risk, and resource health.

Answer

The detailed task list of every active project.

Answer

The personal notes of the project managers.

Answer

The names of all project team members.

Question 4

Which TWO items are typically included in the Portfolio Governance Plan?

Accepted Answer

Defined decision-making thresholds and escalation paths.. The plan defines how the portfolio is managed, including how components are reviewed and how decisions are made.

Answer

The specific coding languages for the project.

Answer

The detailed project schedule for the next three years.

Answer

The personal bank account details of the project manager.

Question 5

Which THREE responsibilities does a portfolio manager have regarding the Portfolio Governance Plan?

Accepted Answer

Developing and documenting the plan.. The manager is responsible for creating, monitoring, and updating the governance plan as the business environment evolves.

Answer

Ordering stationery for the PMO office.

Answer

Creating all the individual project code.

Question 6

What role does the 'Portfolio Management Plan' play in performance management?

Accepted Answer

It serves as the foundation for monitoring and controlling the portfolio.. It provides the processes, metrics, and governance structure used to measure performance.

Answer

It lists all project tasks.

Answer

It is only used once at the start of the year.

Answer

It replaces project plans.

Question 7

A project within the portfolio is consistently over-budget. What is the portfolio manager's responsibility under the governance framework?

Accepted Answer

Assess the project's ongoing business value and take corrective action or initiate termination.. The manager must evaluate the project's impact and either intervene to correct it or terminate it to protect the overall portfolio budget.

Answer

Ignore the issue as long as other projects are under-budget.

Answer

Pay the overage from the portfolio contingency reserve.

Answer

Transfer the project to a different department.

Question 8

When conducting a portfolio 'what-if' analysis, which factor must be the primary consideration?

Accepted Answer

Strategic alignment and impact on portfolio constraints.. Portfolio optimization is fundamentally about maximizing value against resource and financial constraints.

Answer

Vendor contract expiration dates.

Answer

Project manager availability.

Answer

Team morale.

Question 9

When should the portfolio manager revisit the Portfolio Strategic Plan?

Accepted Answer

Whenever there is a significant change in organizational goals.. The plan should be revisited whenever there is a significant change in the organizational or market environment.

Answer

Only when the portfolio is failing.

Answer

Only at the beginning of each fiscal year.

Answer

Every time a project is completed.

Question 10

Which TWO governance activities are performed during the portfolio lifecycle?

Accepted Answer

Regular portfolio performance reviews.. Governance is an ongoing activity that spans authorization, monitoring, and regular reviews.

Answer

Designing the company logo.

Answer

Repairing the company's air conditioning unit.

Answer

Determining the CEO's bonus payout.