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PMI PfMP Practice Test Questions Answers

Exam Code: PfMP (Updated 495 Q&As)
Exam Name: Portfolio Management Professional (PfMP)
Last Update: 29-Aug-2025
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  • Single Choice: 493 Q&A's

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    PfMP Questions and Answers

    Question # 1

    Your organization, given the economic downturn in your country, decided to reduce its staff by 90% and outsource all operational activities including those of program and project managers and their teams. It has, however, retained the portfolio manager, and it has a Portfolio Review Board comprised of senior executives that meets monthly. Since outsourcing is the norm and not the exception, the manager of Procurement and Contracting is a major stakeholder. Her areas of interest are:

    A.

    Benefits and outcomes toward strategic goals

    B.

    Overall portfolio performance

    C.

    Financial standing

    D.

    Change decisions

    Question # 2

    Due to strategic changes, one of the sub-portfolios in your portfolio has been decided to be canceled because it no longer meets the new market demands. What is your next step as a portfolio manager?

    A.

    Start terminating the component and return back the remaining resources to the resource pool

    B.

    Analyze the impact of this cancellation on the overall portfolio and recommend a decision to the governance board

    C.

    Meet the sub-portfolio's team in order to assess the impact

    D.

    Consider it as a normal change, submit a change request for cancellation and wait for the governance board approval

    Question # 3

    The portfolio management process ensures the components are aligned to goals. However, it is driven by:

    A.

    Viability

    B.

    Value and benefits

    C.

    Organizational strategy and objectives

    D.

    Interdependencies and resource constraints

    Question # 4

    You have been managing a complex portfolio for the banking industry and it is sought to be the shifting to the top-notch digital banking era for one of the major international banks. You know you will have changes along the lifecycle and you plan to manage them correctly in order to maintain alignment and correct execution. If you need to reflect changes based on cost, requirements, and schedule. To which of the following section in the portfolio management plan will you refer?

    A.

    Performance management

    B.

    Manage strategic change

    C.

    Resource management

    D.

    Change control and management

    Question # 5

    Your organization has a defined portfolio management process that it has followed for three years. As the portfolio manager, you keep your various plans up to date, and because of numerous regulatory changes involving the telecom industry, it is time to review and update the risk management plan. You have several key stakeholders working with you as you realize the importance of this plan in maintaining a competitive advantage. One way you and your team are assessing the various risks that may impact the structure of the portfolio is to use:

    A.

    Portfolio component charts

    B.

    Portfolio reports

    C.

    Weighted ranking and scoring techniques

    D.

    Risk metrics

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