A portfolio includes several components that are subject to new data privacy regulations. The compliance officer has issued a directive that all components must be reviewed for compliance before the next quarter. The portfolio manager needs to ensure this is done. What should the portfolio manager do?

Ask each component manager to email the compliance officer directly with their compliance status.

Incorporate the compliance review into the portfolio governance process, requiring each component to complete a compliance assessment and report the results to the PRB.

Wait for the compliance officer to audit each component and report findings to the portfolio manager.

Add a compliance KPI to the portfolio scorecard and track it monthly.

Which of the following is a key performance indicator (KPI) commonly used to monitor portfolio performance?

Number of team members on vacation

Average length of project status meetings

Percentage of portfolio components aligned with strategic objectives

Number of emails sent to stakeholders

A portfolio governance framework requires that all components be reviewed quarterly. A component that is critical to the organization's strategy is showing early signs of underperformance, but the next quarterly review is three months away. The portfolio manager is concerned that waiting could allow the problem to worsen. What should the portfolio manager do?

Escalate the issue to the PRB for an out-of-cycle review, presenting the early warning signs and a recommendation for action.

Wait for the quarterly review to avoid disrupting the governance schedule.

Inform the component sponsor and ask them to fix the issue before the next review.

Take corrective action on the component without PRB approval, since the portfolio manager is responsible for performance.

What is the role of risk management within portfolio governance?

To transfer all risks to insurance companies

To ensure that risks are identified, assessed, and managed at the portfolio level

To eliminate all risks from the portfolio

To document risks only after they occur

PMIPortfolio Management Professional (PfMP)

Domain 2Objective 4

Task 4 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 32 practice questions to prepare you well beyond it. (estimate)

32questions here

7free pages

8concepts

20%of the exam

Questions 21–25

21application · medium
A portfolio includes several components that are subject to new data privacy regulations. The compliance officer has issued a directive that all components must be reviewed for compliance before the next quarter. The portfolio manager needs to ensure this is done. What should the portfolio manager do?
Select an answer first
22foundation · easy
Which of the following is a key performance indicator (KPI) commonly used to monitor portfolio performance?
Select an answer first
23expert · hard
A portfolio governance framework requires that all components be reviewed quarterly. A component that is critical to the organization's strategy is showing early signs of underperformance, but the next quarterly review is three months away. The portfolio manager is concerned that waiting could allow the problem to worsen. What should the portfolio manager do?
Select an answer first
24foundation · easy
What is the role of risk management within portfolio governance?
Select an answer first
25foundation · easy
Which stakeholder is typically responsible for championing a portfolio component and securing its funding?
Select an answer first

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Task 4 PFMP Practice Questions (Page 5)

Questions 21–25

Which of the following is a key performance indicator (KPI) commonly used to monitor portfolio performance?

What is the role of risk management within portfolio governance?

Which stakeholder is typically responsible for championing a portfolio component and securing its funding?

Keep studying — Governance