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The PfMP certification exam is designed for experienced portfolio managers who have a deep understanding of portfolio management principles, practices, and techniques. PfMP exam covers a wide range of topics, including portfolio governance, strategic alignment, portfolio performance management, risk management, and stakeholder engagement. Candidates must demonstrate their ability to apply these concepts to real-world scenarios and make informed decisions that align with organizational objectives.
PMI PfMP certification provides professionals with the knowledge and skills needed to manage portfolios effectively. By earning this certification, professionals can demonstrate their ability to align portfolios with organizational strategies, manage risks, and achieve business outcomes. They can also distinguish themselves as experts in portfolio management, which can enhance their career prospects and earning potential. Moreover, organizations can benefit from having PfMP-certified professionals on their team as they can help them optimize their portfolio management practices and achieve their strategic goals.
The Portfolio Management Professional (PfMP) certification is a prestigious credential offered by the Project Management Institute (PMI) that demonstrates expertise in portfolio management. The PfMP Certification recognizes individuals who have the advanced skills and knowledge necessary to manage complex portfolios effectively. PfMP certified professionals have demonstrated their ability to align organizational strategy with project and program goals and to manage multiple portfolios that support business objectives.
PMI Portfolio Management Professional (PfMP) Sample Questions (Q261-Q266):
NEW QUESTION # 261
A new sponsor was appointed by the company in order to push more on the investments underway. The new sponsor wants detailed information on time and money and wants to get things done quickly. Which element of the portfolio management plan will be referred to for managing the sourcing of key resources?
- A. Governance Model
- B. Performance Management Plan
- C. Portfolio Oversight
- D. Communication Management Plan
Answer: B
NEW QUESTION # 262
ecause your company's Portfolio Review Board consists of the Directors of its five business units and is chaired by the CEO, the meetings tend to be contentious as there is limited funding available to authorize all the proposed programs and projects. Dissension also is the norm if resources are reallocated from one business unit to another. As a result, the CEO:
- A. Often uses a Delphi approach
- B. Uses multi-voting and makes the final decision
- C. Strives to use consensus to make decisions, but this approach rarely is effective
- D. Decided to use an outside facilitator when meetings are held
Answer: D
NEW QUESTION # 263
You have joined a company as a portfolio manager. The functional manager of your department is using an excel file to manage portfolio components. The excel file includes some necessary information about portfolio components such as Component Name, Start Day, Target Day, and Assignee. You use the excel file as a start point to develop a portfolio. Technically, how do you call that excel file?
- A. Portfolio
- B. Portfolio process assets
- C. Portfolio information management system
- D. Inventory of work
Answer: D
NEW QUESTION # 264
When sharing portfolio performance reports, who could be the intended recipients?
- A. Project team, project team members, SMEs
- B. Project sponsors, portfolio manager, PMO, contracting officer
- C. Project sponsors, portfolio manager, PMO
- D. Portfolio sponsors, portfolio stakeholders, functional managers
Answer: D
NEW QUESTION # 265
You have just finished the development of the Portfolio Communication Management Plan. The portfolio team is looking for portfolio value assessment, status reports, and portfolio forecast with variance to plan. Where should they find this information?
- A. Portfolio
- B. None of the options
- C. Portfolio Process Assets
- D. Portfolio Management Plan
Answer: C
Explanation:
Explanation
Portfolio process assets related to planning portfolio communication include: Portfolio manager roles and responsibilities, Status reports, Portfolio risk profile or risk assessment with key risks and issues, Portfolio forecasts with variance to plan, Governance decisions, Funding decisions, Resource decisions, Portfolio value assessments, and Delegations of responsibility for communication.
NEW QUESTION # 266
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