PfMP Portfolio Governance Practice Question
Which THREE actions should a portfolio manager take when initiating a portfolio audit?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
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 analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Identify the scope and objectives of the audit.
Why this is correct
Defining the audit scope is the first step.
- ✓
Select the audit team and gather necessary data.
Why this is correct
Resource and data preparation are critical.
- ✗
Skip the planning phase to save time.
Why it's wrong here
Skipping planning leads to audit failure.
- ✓
Communicate the purpose and findings to relevant stakeholders.
Why this is correct
Transparency and communication are essential.
- ✗
Use an untrained intern to conduct the entire audit.
Why it's wrong here
Audits require experienced auditors.
About these practice questions
One of 199 original PfMP practice questions on Courseiva, each with a full explanation and wrong-answer analysis — not exam dumps or protected exam content. Learn why practice questions differ from exam dumps →
JA
Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed August 2026 · checked against the official PMI exam blueprint
This PfMP practice question is part of Courseiva's free PMI certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the PfMP exam.