PfMP Multiple Select — 20 Questions

Question 1

Which THREE are key elements of a portfolio risk management culture?

Accepted Answer

Accountability for risks.. Transparency, accountability, and proactive communication are essential for a healthy risk culture.

Answer

Hiding all risks until the end of the year.

Answer

Blaming staff for project delays.

Question 2

Which TWO documents are essential for Portfolio Charter maintenance?

Accepted Answer

Portfolio Performance Reports.. Changes to the charter must be based on the latest strategic direction and the current performance of the portfolio.

Answer

The grocery shopping list for the office breakroom.

Answer

The social media profiles of the project staff.

Answer

The current weather forecast.

Question 3

Which THREE stakeholders are typically involved in the portfolio strategic planning process?

Accepted Answer

Portfolio manager.. Portfolio planning requires input from executive leadership, the portfolio manager, and relevant functional heads.

Answer

The office cleaning staff.

Answer

Local delivery drivers.

Question 4

Which THREE types of information should be included in a portfolio audit report?

Accepted Answer

Identification of non-compliance with the governance plan.. The audit report should summarize findings, highlight compliance gaps, and suggest improvements.

Answer

The complete internal chat history of the team.

Answer

The personal opinions of the auditor about the staff.

Question 5

Which THREE triggers would necessitate an immediate review of the portfolio roadmap?

Accepted Answer

A major change in available budget or key resources.. Significant changes in external conditions, strategy, or internal resource capacity require a roadmap adjustment.

Answer

A project manager taking a one-day vacation.

Answer

The lunch menu in the cafeteria changing.

Question 6

Which TWO groups are essential participants in the Portfolio Governance Committee?

Accepted Answer

Senior executives and business leaders.. The committee needs both strategic vision and operational reality to make effective decisions.

Answer

The office cleaning staff.

Answer

The entire company's sales force.

Answer

The local newspaper reporter.

Question 7

Which TWO of the following are key inputs for the 'Portfolio Monitoring' process?

Accepted Answer

Portfolio performance data.. Performance data and the original plan are needed to identify variances.

Answer

Local weather reports.

Answer

Individual team member weekly timesheets.

Answer

Personal email of the CEO.

Question 8

Which TWO of the following are steps in the portfolio risk management process?

Accepted Answer

Risk monitoring.. Identification and monitoring are foundational steps in the risk management process.

Answer

Project team hiring.

Answer

Office cleaning.

Answer

Annual holiday planning.

Question 9

Which TWO of the following are common reasons for a portfolio to be re-optimized?

Accepted Answer

Significant changes in available budget or resources.. Changes in strategy or resource availability require re-optimization.

Answer

A team member requests a new laptop.

Answer

The coffee machine is broken.

Answer

A project manager changes their job title.

Question 10

Which TWO of the following are effective ways to communicate portfolio performance to external stakeholders?

Accepted Answer

Provide high-level dashboards showing progress against strategic goals.. External communication must be curated to maintain transparency while protecting sensitive data.

Answer

Invite them to all internal team daily stand-ups.

Answer

Grant direct access to project scheduling tools.

Answer

Share internal meeting minutes.

Question 11

Which THREE of the following are essential inputs for planning portfolio stakeholder engagement?

Accepted Answer

Stakeholder register.. Planning requires understanding the organizational context, the strategy, and the existing stakeholder landscape.

Answer

The personal hobbies of the portfolio manager.

Answer

The lunch menu for the cafeteria.

Question 12

Which TWO factors should be considered when assessing the feasibility of a portfolio component during the intake process?

Accepted Answer

Available Resource Capacity. Feasibility requires analyzing both internal capacity and strategic alignment.

Answer

Office Furniture Requirements

Answer

Vendor Marketing Materials

Answer

Project Team Member Names

Question 13

Which THREE factors should be considered when assessing the feasibility of a portfolio component?

Accepted Answer

Financial viability of the project.. Feasibility requires looking at resource, technical, and financial capability.

Answer

The color of the project branding.

Answer

The personality of the project manager.

Question 14

Which TWO of the following are responsibilities of a portfolio manager regarding alignment?

Accepted Answer

Ensuring all components contribute to strategic goals.. The portfolio manager is the primary gatekeeper for ensuring that all work stays aligned with the strategy.

Answer

Writing the company's annual financial report.

Answer

Fixing employee payroll errors.

Answer

Ordering office supplies.

Question 15

Which THREE factors can lead to the misalignment of a portfolio?

Accepted Answer

Lack of clear performance metrics.. Misalignment happens when strategy changes, execution fails, or the portfolio isn't managed to the plan.

Answer

The color of the office carpet.

Answer

The choice of coffee brand.

Question 16

Which TWO items are needed for effective portfolio component authorization?

Accepted Answer

A well-defined business case.. Authorization requires a clear business case and confirmation that the resource capacity is available to deliver it.

Answer

The company's mission statement from 1950.

Answer

A signed contract with a local catering company.

Answer

The project manager's social security number.

Question 17

Which THREE of the following are necessary when managing resources across a portfolio?

Accepted Answer

Prioritization of components.. Effective resource management requires planning, tracking, and prioritizing.

Answer

Individual employee performance reviews.

Answer

Ordering team lunch catering.

Question 18

Which THREE criteria should be used to evaluate a component for inclusion in the portfolio?

Accepted Answer

The projected risk and return on investment (ROI).. Inclusion is based on strategic value, resource feasibility, and risk/reward balance.

Answer

The project manager's favorite programming language.

Answer

Whether the project manager is a relative of the CEO.

Question 19

Which THREE actions should a portfolio manager take when initiating a portfolio audit?

Accepted Answer

Identify the scope and objectives of the audit.. Auditing requires proper planning, data collection, and stakeholder engagement to ensure the results are accurate and actionable.

Answer

Skip the planning phase to save time.

Answer

Use an untrained intern to conduct the entire audit.

Question 20

Which TWO factors are critical for a successful Portfolio Governance Committee?

Accepted Answer

Active participation of senior executives with decision-making authority.. Effective governance requires active senior leadership participation and a clear, well-communicated decision-making framework.

Answer

Including all project managers in the committee meetings.

Answer

Focusing only on the technical details of projects.

Answer

Allowing the committee to change projects at will without data.