Which of the following is an indicator that portfolio governance may need adjustment?

The portfolio has a mix of high-risk and low-risk projects

Portfolio decisions are consistently delayed due to unclear escalation paths

Some projects are outsourced to external vendors

Projects are using different project management methodologies

A government agency is developing portfolio governance policies. The agency must ensure that all projects comply with strict data privacy regulations and that project selection is transparent and auditable. Which policy component is MOST critical to include?

A policy that defines the criteria and process for project selection, including compliance checkpoints

A policy that mandates regular compliance audits for all portfolio projects

A policy that requires all projects to use a specific project management software

A policy that gives the project manager authority to approve their own project's compliance

What is the primary purpose of a portfolio governance framework?

To ensure all projects are completed within their original budget estimates

To create a detailed project schedule for each component in the portfolio

To assign individual project managers to specific projects within the portfolio

To establish a set of rules, practices, and processes by which the portfolio is directed and controlled

A portfolio governance board is implementing a new project prioritization process. The board wants to ensure that the process is fair and that all projects are evaluated using the same criteria. What is the MOST important element to implement?

A rule that the portfolio manager makes all prioritization decisions

A scoring model that assigns weights to criteria such as strategic fit, risk, and ROI

A requirement that all project managers present their projects in person

A policy that prioritizes projects based on the order they were submitted

Why is it important to align portfolio governance with organizational strategy?

To ensure that portfolio decisions support strategic objectives

To increase the budget for each project

To simplify the governance structure

To reduce the number of projects in the portfolio

PMIPortfolio Management Professional (PfMP)

Domain 2Objective 3

Task 3 PFMP Practice Questions (Page 2)

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 6–10

6foundation · easy
Which of the following is an indicator that portfolio governance may need adjustment?
Select an answer first
7application · medium
A government agency is developing portfolio governance policies. The agency must ensure that all projects comply with strict data privacy regulations and that project selection is transparent and auditable. Which policy component is MOST critical to include?
Select an answer first
8foundation · easy
What is the primary purpose of a portfolio governance framework?
Select an answer first
9application · medium
A portfolio governance board is implementing a new project prioritization process. The board wants to ensure that the process is fair and that all projects are evaluated using the same criteria. What is the MOST important element to implement?
Select an answer first
10foundation · easy
Why is it important to align portfolio governance with organizational strategy?
Select an answer first

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