Portfolio Management Professional (PfMP) Exam Questions

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Portfolio Management Professional (PfMP) Exam Overview

PfMP certification checks the candidate skills to understand the global project management language and then connects it with the organizations and experts worldwide. This certification will recognize the skills and experience required for managing project portfolios and programs to meet organization objectives.To earn your PfMP credential, you need to meet the experience requirements and pass both the panel review and PfMP examination, a 170-question, multiple-choice exam.

If you're an executive or senior-level practitioner managing a portfolio of projects and programs aligned with organizational strategy and focused on doing the right work, then the PfMP is the right choice for you. PfMP certification will help you get recognized and gain attention in your organization. It is considered as the globally respected in practice for portfolio management. In this certification you will get real hands on experience in Portfolio analysis and will study to make use of best practices in portfolio management. 

PfMP Certifying Process 

Candidates are required to pass a sequence of evaluations to obtain the PfMP certification. This process takes approximately four weeks to complete.

Evaluation 1—Panel Review: The initial evaluation occurs through an extensive application review during which a panel of portfolio managers will assess your professional experience based on your responses to the Portfolio Management Experience Summaries provided on the application.
Evaluation 2—Multiple-Choice Examination: The next step occurs with the multiple-choice examination in which you will be called upon to demonstrate your competence in both situational and scenario-based questions.

Exam Domains

Strategic Alignment 25%
Governance 20%
Portfolio Performance 25%
Portfolio Risk Management 15%
Communications Management 15%

View Online Portfolio Management Professional (PfMP) Free Questions

As you focus on managing the value pf the portfolio, you find that portfolio variance/alert reports are helpful. Assume you have been using a 'traffic light' format as it is easy to prepare, but an objective is to:
A.Add in blue to show completed components
B.Show dependencies between components with a different color
C.Set it up to show the organizational value areas in the company
D.Use a standardized format across components
Answer : D

A useful guideline to identify the portfolio and sub-portfolios is the:
A.Portfolio charter
B.Portfolio performance plan
C.Portfolio structure
D.Roadmap
Answer: B
 
In identifying risks to then manage and control, as the portfolio manager you are consulting organizational process assets such as:
A.Commercial data bases
B.Lessons learned
C.Knowledge bases
D.Values
Answer: D

Working to prepare the communications plan, a best practice to follow is to use the roadmap. By doing so, it:
A.Shows the overall portfolio timeline, useful for determining the frequency of reporting
B.Provides information about interdependencies that may affect objectives
C.Emphasizes milestones and the timing of key benefits
D.Shows applicable constraints
Answer : B

One key artifact to review as the portfolio communications management plan is prepared is the:
A.Portfolio management plan as it shows all elements in it have communications requirements
B.Portfolio performance plan as it sets forth needed reports and their frequency
C.Portfolio strategic plan since it shows the need for strategic alignment
D.Portfolio benefits realization plan to determine reports on progress in benefit realization, transition, and sustainment
Answer : A