Portfolio Management Professional v1.0
Question 1
Which of the following items are included in a portfolio risk register? (Choose two.)
- A. Prioritization algorithms
- B. Risk owner
- C. Risk triggers
- D. Portfolio resources
Answer : BC
Question 2
Who establish(es) and approve(s) KPIs for portfolios?
- A. Functional managers
- B. Portfolio manager
- C. Performance planning team
- D. Governance team and executives
Answer : D
The performance planning team works with governing bodies to provide templates and examples for establishing performance measures and targets (KPIs). The governance team works with the executives to establish and approve these measures and targets.
Question 3
You are using SMART guideline to create performance measures. Which of the following description about SMART is not correct?
- A. Specific
- B. Attainable
- C. Resultative
- D. Time bound
Answer : C
The SMART guideline refers to specific, measurable, attainable, realistic, and time-bound.
Question 4
Which risks are considered high risks? (Choose two.)
- A. D
- B. A
- C. C
- D. B
Answer : BD
Importance of A = 0.7 × 0.4 = 0.28
Importance of B = 0.9 × 0.2 = 0.18
Importance of C = 0.7 × 0.2 = 0.14
Importance of D = 0.5 × 0.2 = 0.10
Question 5
You are planning how to communicate with stakeholders for your portfolio. Which inputs do you need? (Choose three.)
- A. Portfolio process assets
- B. Portfolio roadmap
- C. Organization environment factors
- D. Portfolio reports
Answer : ABD
The inputs for “develop portfolio communication management plan” include the following.
Portfolio -
Portfolio roadmap -
Portfolio management plan -
Portfolio reports -
Portfolio process assets
Question 6
Which of the following process requires elicitation techniques? (Choose two.)
- A. Develop portfolio performance management plan
- B. Develop portfolio roadmap
- C. Manage portfolio value
- D. Manage strategic change
Answer : AC
“Elicitation techniques” is one of the tools and techniques for the following processes.
Develop portfolio management plan
Provide portfolio oversight -
Develop portfolio performance management plan
Manage portfolio value -
Develop portfolio communication management plan
Manage portfolio information
Question 7
Where can you find legal constraints which may influence the organizational strategy and objectives?
- A. Organizational Process Assets
- B. Portfolio Reports
- C. Portfolio Strategic Plan
- D. Enterprise Environmental Factors
Answer : D
Legal constraints belong to enterprise environmental factors.
Question 8
You’re ranking projects using a scoring model consisting of a series of evaluation criteria. The above figure shows the score measure and the weight for each criterion. Which project has the highest priority?
- A. Project 1
- B. Project 2
- C. Project 3
- D. Project 4
Answer : D
Project 4 has the highest priority because it has the highest total score.
Score of Project 1 = 3 + 2 + 1 + 0 + 1 + 2.5 = 9.5
Score of Project 2 = 1.5 + 2 + 2 + 0.75 + 0.5 + 5 = 11.75
Score of Project 3 = 3 + 1 + 1 + 1.75 + 0.5 + 2.5 = 9.5
Score of Project 4 = 3 + 1 + 2 + 0.75 + 0.5 + 5 = 12.25
Question 9
A portfolio manager compares strategic objectives, prioritizes objectives, and performs strategic assessments against current enterprise portfolios. Which kind of tools and techniques is he using?
- A. Strategy Alignment Analysis
- B. Cost-Benefit Analysis
- C. Portfolio Component Inventory
- D. Prioritization Analysis
Answer : D
Question 10
Which of the following documents mentions how an organization uses planned resources within a portfolio?
- A. Portfolio Management Plan
- B. Portfolio Resource Plan
- C. Portfolio Strategic Plan
- D. Portfolio Charter
Answer : A
A portfolio management plan includes a governance model that defines the way the organizational assets and resources are planned to be managed within the portfolio according to the organization’s specific environment.
Question 11
Which is the most critical risk based on probability and impact?
- A. A
- B. D
- C. C
- D. B
Answer : A
Importance of A = 0.7 × 0.4 = 0.28
Importance of B = 0.9 × 0.2 = 0.18
Importance of C = 0.7 × 0.2 = 0.14
Importance of D = 0.5 × 0.2 = 0.10
Question 12
Which process group includes “Manage Portfolio Information”?
- A. Authorizing and controlling
- B. Aligning
- C. Defining
- D. Monitoring
Answer : B
“Manage Portfolio Information” belongs to the defining process group.
Question 13
A sponsor wants to know the benefits provided by a program. Which of the following documents can you find the desired information in?
- A. Program Benefits Management Plan
- B. Portfolio Performance Management Plan
- C. Portfolio Reports
- D. Portfolio Management Plan
Answer : A
The benefits management plan is the documented explanation defining the processes for creating, maximizing, and sustaining the project’s benefits. The portfolio performance management plan describes how portfolio resources will be managed to maximize portfolio performance. As the sponsor only wants to know the program benefits, you should refer to the program benefits management plan instead of the portfolio performance management plan.
Question 14
A stakeholder complained that there were too many portfolio meetings. What should you do to address this problem?
- A. Explain to him the purpose of those meetings
- B. Conduct reviews to identify redundant communication
- C. Reduce the number of meetings
- D. Brainstorm new communication methods with stakeholders
Answer : B
Reviews are conducted to identify any redundant communication. Some redundancy is intentional to ensure reaching multiple types of recipients or when intended recipients have varied preferences for receiving information. Choices may need to be made to identify which communication is primary and which should be discontinued.
Question 15
Which of the following is the output for “Develop Portfolio Charter”?
- A. Portfolio Charter
- B. Portfolio Process Assets
- C. Strategic Plan Updates
- D. All of the above.
Answer : D