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PMI PfMP Exam
Portfolio Management Professional (Page 3 )

Updated On: 9-Feb-2026
Page 3 of 100
PDF with 494 Questions

Each time the Portfolio Governance Group meets the goal is to review the existing components and any that are proposed to ensure the portfolio has the best mix to attain strategic objectives. As the portfolio manager, you find these meetings, if facilitated accordingly, are effective decision-making sessions. However, you tend to have open issues after every meeting. These open issues:

  1. Should be tracked in an issue register
  2. Are managed as described in the charter
  3. Are considered portfolio process assets
  4. Require an owner to manage them until they are closed

Answer(s): C



Risks are very important to manage in portfolio management and organizations can choose to embrace risks with the potential of high rewards. As a portfolio manager, planning and managing risks is important. Risks are categorized in order to ease the process. Which of the following are considered as risk categories that a portfolio manager can use?

  1. All of the options
  2. Performance Risk, Regulatory Risk
  3. Portfolio Component Risk, Market Risk
  4. Organizational Risk, Image and Public Relation Risk

Answer(s): B



A new project manager was given an assignment on one of the components in your portfolio. What will you do as a portfolio manager in order to align the project manager with the strategic direction and integrate him/her with the work in progress?

  1. Let him check the Project Charter and ask you in the case where he needs your help
  2. Let him check the Portfolio Charter and ask you in the case where he needs your help
  3. Update the roles and responsibilities in the Portfolio Management Plan
  4. Train him on the portfolio management processes

Answer(s): C



starting with the business unit you lead, which is responsible for new products, and then will set the stage to implement it throughout the bank, including at the enterprise level. You have executive support and commitment to implement it in your business unit. A key first step is to:

  1. Set up a governance structure
  2. Define roles and responsibilities for implementation
  3. Prepare a portfolio performance plan
  4. Prioritize the work to be done

Answer(s): B



After three months, you have a list of all the program, project, and ongoing work being done in your 500-person Division of your State Government Agency. With this list, the next step is to:

  1. Determine the prioritization model to follow
  2. Convene a meeting of the Portfolio Review Board
  3. Assess gaps in meeting the Agency's strategic objectives
  4. Prepare a portfolio performance plan

Answer(s): C






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