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PMI PfMP Exam Overview:
| Certification Vendor: | Project Management Institute (PMI) |
|---|---|
| Exam Name: | Portfolio Management Professional (PfMP)® |
| Exam Number: | PfMP |
| Exam Price: | Member: $800 USD; Non-member: $1,000 USD |
| Real Exam Qty: | 170 (150 scored + 20 pretest) |
| Related Certifications: | PgMP® (Program Management Professional) PMP® (Project Management Professional) PMI-ACP® (Agile Certified Practitioner) |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Exam Duration: | 240 minutes |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-Based Testing at Pearson VUE or selected testing centers |
| Pre Condition: | Applicants must meet experience requirements including 8+ years professional business experience and portfolio management experience based on PMI eligibility sets (varies by education level). |
| Official Syllabus URL: | https://www.pmi.org/certifications/portfolio-management-pfmp |
PMI PfMP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Communications Management | 15% | - Stakeholder communication strategies - Executive engagement and reporting |
| Topic 2: Portfolio Risk Management | 15% | - Portfolio-level risk responses - Aggregate risk identification and analysis |
| Topic 3: Governance | 20% | - Decision rights and roles - Control structures and thresholds |
| Topic 4: Strategic Alignment | 25% | - Roadmap and strategic fit - Portfolio chartering and selection criteria |
| Topic 5: Portfolio Performance | 25% | - Performance monitoring and reporting - Balancing and benefits realization |
PfMP Exam Facts, Digital Convenience and Global Support
- Governance (20%)
- Portfolio Performance (25%)
- Communications Management (15%)
PMI Portfolio Management Professional (PfMP) Sample Questions:
Your company is currently on the verge of bankruptcy due to the lack of transparency within the organization; this alerted the CEO to take decisive actions and request that new reporting lines be established in order to be fully transparent. Following this, the portfolio structure has changed to cope with the new reporting lines. Where is this change reflected when it comes to portfolio documents?
- A. Portfolio Strategic Plan updates
- B. Portfolio Roadmap updates
- C. Portfolio Management Plan updates
- D. Portfolio Charter updates
Correct Answer: D 🗳️
While defining the portfolio, a portfolio manager does a preliminary comparison of all inventoried portfolio components against the portfolio component definition. For this, the descriptors of each portfolio component are used in order to compare it to other components. Which of the following is not a component key descriptors?
- A. Resources Required
- B. Component Number
- C. Urgency
- D. Component Customer
Correct Answer: C 🗳️
The portfolio manager has updated the financial matrix table for 5 programs. The updated net present value (NPV) and probability of success are listed in the following table:
Which enterprise NPV ranking (from highest to lowest) should the portfolio manager present to the executive committee?
- A. C, D, A, E, B
- B. A, C, B, E, D
- C. C, E, D, A, B
- D. E, C, D, B, A
Correct Answer: A 🗳️
When managed correctly, the balanced scorecards can change the way an organization does business. Balanced scorecards keep focus on results. As a portfolio manager, you use the balanced scorecards while developing the Portfolio Management Plan in order to
- A. Ensure alignment to investment risk, and dependencies
- B. All of the options
- C. Ensure alignment to organizational strategy and objectives
- D. Ensure alignment to expected return on investment (ROI)
Correct Answer: B 🗳️
Each portfolio risk should have a designated person as its owner. As the portfolio manager assigns the owner, the main responsibility is to:
- A. Determine an appropriate response and implement it as soon as the risk occurs
- B. Monitor the situation as long as the risk is current
- C. Analyze the risk for its overall impact on portfolio success
- D. Strive to take a negative risk and turn it into a positive opportunity
Correct Answer: B 🗳️
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