Task 5 PFMP Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   Which of the following best describes the components of a portfolio?

   • AA set of tasks that are performed by a single team to produce a specific deliverable.
   • BA group of projects that are managed together because they share a common objective.
   • CA collection of projects, programs, and other work that are grouped together to facilitate effective management to meet strategic objectives.
   • DA list of all the resources and assets owned by the organization.
   Reveal Solution Discussion Select an answer first
2. 17application · medium

   A portfolio manager notices that several projects in the portfolio are duplicating efforts and competing for the same resources. The projects were approved by different business units without coordination. What is the most effective way to address this issue?

   • AMerge the projects into one large project
   • BIncrease the budget to support all projects
   • CEstablish a portfolio governance process to review and prioritize components
   • DLet the business units resolve the conflict among themselves
   Reveal Solution Discussion Select an answer first
4. 18foundation · easy

   Which of the following is an example of a portfolio-level performance metric?

   • APercentage of portfolio components that are aligned with strategic objectives.
   • BNumber of defects found in a project's deliverable.
   • CNumber of meetings held by the project team.
   • DNumber of hours worked by each team member.
   Reveal Solution Discussion Select an answer first
5. 19foundation · easy

   How do strategic objectives influence the prioritization of portfolio components?

   • AComponents are prioritized based on the personal preferences of the portfolio manager.
   • BComponents that contribute most to achieving strategic objectives are given higher priority.
   • CComponents with the smallest budget are always prioritized to save costs.
   • DComponents that are easiest to implement are prioritized regardless of strategic value.
   Reveal Solution Discussion Select an answer first
6. 20foundation · easy

   How do portfolio components contribute to benefits realization?

   • ABy ensuring that all projects are completed on time and within budget.
   • BBy delivering the outputs and outcomes that produce the expected benefits for the organization.
   • CBy documenting lessons learned for future projects.
   • DBy providing a detailed project plan for each component.
   Reveal Solution Discussion Select an answer first