Which of the following best demonstrates alignment of portfolio governance with organizational strategy?

Using the same criteria for all projects regardless of strategy

Basing decisions solely on financial return

Delegating all decisions to project managers

Using strategic criteria to prioritize portfolio components

Which of the following is an example of a governance process for portfolio oversight?

Creating a detailed project plan for each component

Assigning team members to projects

Developing a marketing campaign

Conducting periodic portfolio reviews to assess performance

A company is developing governance policies for its portfolio. The company operates in a highly regulated industry and must comply with multiple external regulations. The policies must also be agile enough to accommodate new regulations that may emerge. What is the BEST policy design?

Write policies that are intentionally vague to allow maximum flexibility

Write high-level policies that reference external regulations and include a process for periodic review and update

Write detailed, prescriptive policies that cover every possible regulatory scenario

Write policies that are identical to the external regulations, with no additional interpretation

A company's portfolio includes projects that were selected under a previous CEO. The new CEO has a different strategic vision. The governance board is reviewing the portfolio. What is the BEST way to ensure the portfolio aligns with the new strategy?

Wait for the projects to complete before making any changes

Conduct a strategic alignment review of all existing projects against the new strategy

Immediately terminate all projects that were initiated under the previous CEO

Ask the previous CEO to provide input on the projects

A portfolio governance board has been operating for a year. The board notices that several projects are consistently over budget and that the portfolio's overall return is below expectations. What is the FIRST step the board should take to improve governance effectiveness?

Replace the project managers on the underperforming projects

Immediately stop all projects that are over budget

Conduct a review of the governance processes to identify gaps and areas for improvement

Increase the portfolio budget to accommodate the overruns

PMIPortfolio Management Professional (PfMP)

Domain 2Objective 3

Task 3 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 30 practice questions to prepare you well beyond it. (estimate)

30questions here

6free pages

6concepts

20%of the exam

Questions 1–5

1foundation · easy
Which of the following best demonstrates alignment of portfolio governance with organizational strategy?
Select an answer first
2foundation · easy
Which of the following is an example of a governance process for portfolio oversight?
Select an answer first
3expert · hard
A company is developing governance policies for its portfolio. The company operates in a highly regulated industry and must comply with multiple external regulations. The policies must also be agile enough to accommodate new regulations that may emerge. What is the BEST policy design?
Select an answer first
4application · medium
A company's portfolio includes projects that were selected under a previous CEO. The new CEO has a different strategic vision. The governance board is reviewing the portfolio. What is the BEST way to ensure the portfolio aligns with the new strategy?
Select an answer first
5application · medium
A portfolio governance board has been operating for a year. The board notices that several projects are consistently over budget and that the portfolio's overall return is below expectations. What is the FIRST step the board should take to improve governance effectiveness?
Select an answer first

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