Task 2 PFMP Practice Questions (Page 1)

Questions 1–5

1. 1application · medium

   A portfolio has a risk of a key supplier failing to deliver critical components, which would delay multiple programs. The supplier has a history of occasional delays but has never failed completely. The portfolio manager wants to reduce the impact of a potential failure. Which response is most appropriate?

   • ATransfer the risk by requiring the supplier to carry a performance bond
   • BMitigate by identifying and qualifying alternative suppliers
   • CAccept the risk because the supplier has never failed completely
   • DAvoid the risk by discontinuing all programs that use the supplier
   Reveal Solution Discussion Select an answer first
2. 2application · medium

   A portfolio has a risk of a key employee leaving, which would delay several programs. The portfolio manager wants to reduce the impact of this risk. Which response is most appropriate?

   • ATransfer the risk by hiring a contractor to replace the employee
   • BMitigate by cross-training other employees to cover the key employee's responsibilities
   • CAvoid the risk by not assigning the employee to any critical programs
   • DAccept the risk because employee turnover is normal
   Reveal Solution Discussion Select an answer first
4. 3application · medium

   A portfolio risk response to reduce the likelihood of a data breach was implemented. Six months later, the portfolio manager is evaluating whether the response has been effective. Which metric would be most useful for this evaluation?

   • ANumber of security incidents reported in the last six months
   • BChange in the risk score (likelihood × impact) for the data breach risk
   • CNumber of new security tools purchased
   • DPercentage of employees who completed security training
   Reveal Solution Discussion Select an answer first
5. 4expert · hard

   A portfolio risk response to mitigate a reputational risk has been implemented. The portfolio manager needs to communicate the outcome to the board of directors and the public relations team. The board wants a high-level summary, while the PR team needs details to prepare a press release. What should the portfolio manager do?

   • AProvide a high-level summary to the board and detailed information to the PR team
   • BOnly communicate with the PR team because they will handle the public message
   • CSend the same detailed report to both groups
   • DDelay communication until the PR team has prepared the press release
   Reveal Solution Discussion Select an answer first
6. 5application · medium

   A portfolio risk response to reduce cybersecurity vulnerabilities has been successfully implemented. The portfolio manager needs to inform stakeholders. Which communication approach is most appropriate?

   • AProvide a summary of the response and its outcome to relevant stakeholders in a timely manner
   • BOnly inform stakeholders who were directly involved in implementing the response
   • CSend a detailed technical report to all stakeholders
   • DWait until the next quarterly portfolio review to share the outcome
   Reveal Solution Discussion Select an answer first