PMI (PfMP): Portfolio Management Professional Sample Questions

Question 1 – In order to manage company portfolios, the CEO asks you to suggest a steering committee structure. Where will you document your proposal?

• A. Portfolio Management Plan
• B. Portfolio Charter
• C. Organizational Process Assets
• D. Portfolio Strategic Plan

Correct Answer: A 

Question 2 – You are asked about the resource information of a portfolio by a senior manager. Where could you find the information for him?

• A. Portfolio management plan
• B. Portfolio reports
• C. Portfolio component reports
• D. Resource calendar

Correct Answer: B 

Question 3 – Which of the given options is not an investment choice tool?

• A. Trade-off analysis determines the effect of changing one or more factors of the portfolio
• B. The use of spreadsheets or other tools to examine factors of interest
• C. Budget variability determines the effect of changing the portfolio
• D. Time-to-market variability determines the effects of portfolio velocity

Correct Answer: B 

Question 4 – An oversight meeting for your portfolio is planned on a regular basis. What are your methods for ensuring stakeholder communication is met?

• A. Using a dashboard to increase transparency
• B. Ensuring the meeting is aligned with the communication management plan
• C. Engaging stakeholders to ensure their needs are met
• D. Ensuring stakeholders available to join the meeting

Correct Answer: C 

Question 5 – Among the leadership styles, which one encourages employees to take on more responsibility and become more productive?

• A. Participative Leadership
• B. Transformational Leadership
• C. Delegative Leadership
• D. Authoritarian Leadership

Correct Answer: C 

Question 6 – Which of the given are the input of “Optimize Portfolio”? (Choose two.)

• A. Portfolio Strategic Plan
• B. Portfolio Process Assets
• C. Portfolio Charter
• D. Portfolio Reports

Correct Answer: BD 

Question 7 – Finding information about ongoing and planned portfolio management tasks is essential when developing a portfolio management plan. Where will you find this information?

• A. Enterprise Environmental Factors
• B. Portfolio Process Assets
• C. Portfolio Roadmap
• D. Organization Process Assets

Correct Answer: B 

Question 8 – What are the tools and techniques used for the “Develop Portfolio Performance Management Plan”? (Choose two.)

• A. Quantitative and Qualitative Analyses
• B. Capability and Capacity Analysis
• C. Benefit Realization Analysis
• D. PMIS

Correct Answer: BD 

Question 9 – Your company is considering implementing a portfolio governance model, but an executive is concerned that the current culture may not allow the change to occur. Which of the given kind of risks did the executive raise?

• A. Cultural risk
• B. Execution risk
• D. Structural risk
• C. Portfolio risk

Correct Answer: C 

Question 10 – Which of the given statement correctly describes the “Manage Portfolio Value” process?

• A. An allocation of portfolio resources based on organizational priorities and potential value of portfolio components, based on the supply and demand for portfolio resources.
• B. Based on the organization’s selection criteria, this process evaluates the portfolio, prioritizes its components, and creates a portfolio component mix that aligns with the organization’s strategy and is most likely to achieve organizational objectives given the resources available.
• C. Monitoring the expected value process to be delivered by the portfolio components as they are executed and measuring the value delivered to the organization as portfolio components are completed.
• D. The process of collecting, analyzing, storing, and delivering the required information to portfolio stakeholders according to the portfolio management plan.

Correct Answer: C

Question 11 – What must necessarily be included in a portfolio risk management plan? (Choose two.)

• A. Dependencies
• B. Methodology
• C. Roles and responsibilities
• D. Key milestones and deliverables

Correct Answer: BC 

Question 12 – Which of the given are portfolio process assets?

• A. List of portfolio components
• B. Portfolio budget
• C. Portfolio risk register
• D. All the above

Correct Answer: D 

Question 13 – It has been highlighted by the supply chain manager that the materials required for your portfolio may be out of stock next month owing to the coronavirus. What will you be doing next?

• A. Analyzing the impact on the portfolio
• B. Contacting new vendors for providing materials
• C. Recording the risk in a risk register
• D. Mentioning the risk in risk reports

Correct Answer: C 

Question 14 – Your customers gave low reviews, and now you want more funding for improving the deliverables’ quality. Where should your recommendation be included?

• A. Portfolio management plan
• B. Portfolio reports
• C. Portfolio dashboard
• D. Portfolio roadmap

Correct Answer: B 

Question 15 – Which of the following inputs would you need for developing a portfolio risk management plan? (Choose two.)

• A. Portfolio management plan
• B. Portfolio strategic plan
• C. Portfolio process assets
• D. Portfolio

Correct Answer: AC 

Question 16 – What are the key activities of the “Define Portfolio” process?

• A. Evaluating all the portfolio components with a ranking and scoring model that comprise of weighted key criteria
• B. Evaluating and determining the performance and also the expected value and benefits (both financial and non-financial) of portfolio components
• C. Categorizing portfolio components for which a certain common set of decision filters and criteria might be applied
• D. Determining the resources (including human, assets, and technology) capability, resource capacity available, and the constraints for portfolio components

Correct Answer: AC

Question 17 – Which of the following inputs are required for managing portfolio information? (Choose two.)

• A. Portfolio strategic plan
• B. Portfolio process assets
• C. Portfolio roadmap
• D. Portfolio reports

Correct Answer: BD

Question 18 – You have just finished completing the portfolio optimization and now you’ve begun allocating all the resources to specific portfolio components. Which pf the given process will you follow?

• A. Managing Supply and Demand
• B. Developing Portfolio Management Plan
• C. Providing Portfolio Oversight
• D. Authorizing Portfolio

Correct Answer: D 

Question 19 – There is a researcher having several patents and unique skill sets at your organization. How would you maximize the utilization of this human resource for your portfolio?

• A. Using resource histograms for aligning resource efforts with organization priorities
• B. Minimizing the dependency on an individual
• C. Committing this resource for active portfolio components using the soft booking
• D. Negotiating longer working hours with this resource

Correct Answer: C

Question 20 – Which of the given stages is not one of the four stages included in portfolio risk management?

• A. risks are categorized
• B. risk responses are developed
• C. risks are identified
• D. risks are monitored and controlled

Correct Answer: A