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  2. PMI Certification
  3. PfMP Exam
  4. PMI.PfMP.v2024-08-13.q337 Dumps
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Question 66

When it comes to managing a portfolio, you have a variety of assets, plans and tools and techniques used. It requires a good experience to handle all of these artifacts. One of your portfolio team members came to you asking about the relation between the portfolio performance management plan, the portfolio management plan and portfolio strategic plan. What should your answer be?

Correct Answer: B
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Question 67

The Portfolio Performance Management Plan is an important document that is referenced throughout the portfolio life cycle. Which of the following is correct regarding the Portfolio Performance Management Plan purpose and focus?

Correct Answer: B
Explanation
The Portfolio Performance Management Plan shows how and when the portfolio resources will be planned, balanced, and allocated to the portfolio components and how the portfolio component progress and resource-related issues and risks are integrated with the resource management activities to ensure that cost-effective resource allocations are made to maximize portfolio performance. It is the systematic planning, measurement, and monitoring of the portfolio's organizational value through achievement against strategic goals. It Manages the sourcing of key resources such as finance, assets, and human resources to ensure optimal returns. It is critical in closing the gap between organizational strategy and the fulfillment of that strategy.
Finally, it documents how the organization plans to measure, monitor, control and report (1) portfolio performance, (2) resource management, and (3) portfolio value
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Question 68

You have been recently assigned to manage a new portfolio that is supposed to shift the company from silo-based to a projectized one. You are in the process of initiating the portfolio. You are currently developing the strategic plan. Upon finishing it, you are expected to present

Correct Answer: B
Explanation
The output of the Develop Portfolio Strategic Plan process is: Portfolio Strategic Plan and Portfolio
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Question 69

Having worked in portfolio management before, you are pleased you were selected to implement it and be the portfolio manager for your motorcycle company, well known throughout the world.
As it is a new function, you worked with the Enterprise Program Management Office to ensure you had a complete inventory of the work in progress. Now as you prepared your various portfolio management artifacts, and have a Portfolio Review Board meeting upcoming in two weeks, sponsors will be proposing new components. This means:

Correct Answer: B
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Question 70

Assume you are responsible for portfolio management in your organization. You are responsible for managing the value of the portfolio and for recommending changes to your Portfolio Review Board to enhance its value. To do so, you monitor benefits, interdependencies between components, changes, and responsibilities and accountabilities as stated in the:

Correct Answer: A
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