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Free PfMP Exam Braindumps (page: 31)

Page 30 of 124
PDF with 494 Questions

Your organization tried implementing portfolio management in the past, but even though it purchased a sophisticated automated software system for scoring and prioritization, it was not successful. After a year of complaints about the system, the executive team disbanded it. Now, resources are scarce, and some executives who were involved in the earlier attempt have left the company. The new CEO asked for a list of ongoing programs, projects, and operational work, and you could not provide one even though you direct the Project Management Office. He wants this inventory so it then can be used as the starting point to implement portfolio management. You and several others stated it did not work previously and do not believe it will work in the company. The CEO then hired a person to be the portfolio manager from outside who reports directly to him. The portfolio manager is emphasizing the importance of resources working on initiatives aligned with organizational strategy as part of the:

  1. Portfolio performance plan
  2. Portfolio roadmap
  3. Portfolio communications strategy
  4. Portfolio charter

Answer(s): C



Portfolio Governance is important in a portfolio to maintain correct alignment, monitor and control performance and status, reshuffle the mix of components as found necessary, etc. Governance management includes which of the following processes?

  1. Develop Portfolio Communication Plan
  2. Optimize Portfolio
  3. Develop Charter
  4. Manage Supply & Demand

Answer(s): B



Working to ensure the portfolio management process is one that is followed and is embraced has been a major challenge. As the portfolio manager, assume you set up meetings with the Portfolio Governance Group bi-weekly since there is constant change in your telecom company. You also want the portfolio process to be transparent. To do so, a useful tool to communicate status is:

  1. Reports on funding decisions
  2. A governance decision register
  3. The portfolio roadmap
  4. Key portfolio milestones

Answer(s): C



Each portfolio risk should have a designated person as its owner. As the portfolio manager assigns the owner, the main responsibility is to:

  1. Analyze the risk for its overall impact on portfolio success
  2. Determine an appropriate response and implement it as soon as the risk occurs
  3. Monitor the situation as long as the risk is current
  4. Strive to take a negative risk and turn it into a positive opportunity

Answer(s): C






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