A portfolio governance board needs to receive regular updates on project performance. The portfolio manager wants to ensure that the board receives the right information at the right time. What is the most effective way to achieve this?

Only report to the board when a project is in trouble.

Define a reporting schedule and standardize the content and format of reports for the board.

Send all project documentation to the board members daily.

Allow each project manager to decide what to report to the board.

A portfolio governance board has been operating for a year. The portfolio manager notices that the board's decisions are not consistently aligned with the organization's changing strategic priorities. What should the portfolio manager do to address this?

Ask the portfolio manager to make all prioritization decisions to ensure alignment.

Increase the frequency of board meetings to discuss strategy more often.

Replace the board members with new executives who are more familiar with the current strategy.

Conduct an annual review of the governance framework and update the decision criteria to reflect current strategy.

A portfolio governance framework is being established. The portfolio manager needs to ensure that the governance board includes the right mix of stakeholders. However, there is a concern that too many members will slow down decision-making. What is the best way to balance inclusiveness and efficiency?

Define a core governance board with decision-making authority and create advisory groups for other stakeholders to provide input.

Rotate stakeholders on and off the board periodically.

Limit the governance board to only senior executives.

Include all stakeholders as voting members of the governance board.

What is the primary responsibility of the portfolio manager in the governance structure?

To define the organization's overall business strategy

To make all final decisions on portfolio prioritization without consulting others

To execute the day-to-day tasks of each project in the portfolio

To implement and operate the governance framework for the portfolio

A portfolio governance framework is being developed. The portfolio manager needs to define the role of the project sponsors in the governance process. What is the most appropriate role for project sponsors?

Champion the project at the portfolio level and provide input on prioritization decisions.

Manage the day-to-day activities of the project team.

Audit the project's financial performance.

Make final decisions on portfolio prioritization.

PMIPortfolio Management Professional (PfMP)

Domain 2Objective 2

Task 2 PFMP Practice Questions (Page 1)

Part of the Governance domain, which accounts for 20% of the PFMP exam. PMI does not publish an official question count, but from its 240-minute exam (~95–160 total, ~19–32 in this domain), expect 4–6 from this objective — we provide 36 practice questions to prepare you well beyond it. (estimate)

36questions here

8free pages

8concepts

20%of the exam

Questions 1–5

1application · medium
A portfolio governance board needs to receive regular updates on project performance. The portfolio manager wants to ensure that the board receives the right information at the right time. What is the most effective way to achieve this?
Select an answer first
2application · medium
A portfolio governance board has been operating for a year. The portfolio manager notices that the board's decisions are not consistently aligned with the organization's changing strategic priorities. What should the portfolio manager do to address this?
Select an answer first
3expert · hard
A portfolio governance framework is being established. The portfolio manager needs to ensure that the governance board includes the right mix of stakeholders. However, there is a concern that too many members will slow down decision-making. What is the best way to balance inclusiveness and efficiency?
Select an answer first
4foundation · easy
What is the primary responsibility of the portfolio manager in the governance structure?
Select an answer first
5application · medium
A portfolio governance framework is being developed. The portfolio manager needs to define the role of the project sponsors in the governance process. What is the most appropriate role for project sponsors?
Select an answer first

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