A financial services company is subject to strict data privacy regulations. The portfolio includes projects that handle customer data. How should the governance framework ensure that these projects comply with data privacy laws?

Provide data privacy training to all project managers.

Conduct a data privacy audit after project completion.

Include a mandatory compliance review as a gate in the project approval process.

Require each project to have a legal representative on the team.

Which of the following is an example of a communication mechanism in portfolio governance?

A personal conversation between two team members about project progress

A private email from a project manager to a team member about a task

A social media post about the organization's new product

A monthly portfolio status report to the governance board

What is the role of organizational policies in ensuring compliance within portfolio governance?

They are optional guidelines that can be ignored if inconvenient

They replace the need for external laws and regulations

They translate legal and regulatory requirements into actionable internal rules

They are only applicable to the finance department

What is the role of policies within a portfolio governance framework?

To replace the need for any procedures or decision rights

To assign specific individuals to project roles

To detail the exact steps for executing every project task

To provide high-level principles and rules that guide portfolio management decisions

Which of the following is a key component of a portfolio governance framework?

The list of all stakeholders in the organization

Decision rights that specify who has authority to approve portfolio changes

The detailed schedule of every project in the portfolio

The organization's marketing strategy for product launches

PMIPortfolio Management Professional (PfMP)

Domain 2Objective 2

Task 2 PFMP Practice Questions (Page 5)

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 21–25

21application · medium
A financial services company is subject to strict data privacy regulations. The portfolio includes projects that handle customer data. How should the governance framework ensure that these projects comply with data privacy laws?
Select an answer first
22foundation · easy
Which of the following is an example of a communication mechanism in portfolio governance?
Select an answer first
23foundation · easy
What is the role of organizational policies in ensuring compliance within portfolio governance?
Select an answer first
24foundation · easy
What is the role of policies within a portfolio governance framework?
Select an answer first
25foundation · easy
Which of the following is a key component of a portfolio governance framework?
Select an answer first

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