A component is failing to meet its objectives and the portfolio manager believes it should be terminated. According to governance best practices, what should happen?

The portfolio manager terminates the component immediately to save costs.

The sponsor decides whether to terminate the component.

The component is automatically terminated when it misses targets twice.

The portfolio manager presents a termination recommendation with evidence to the portfolio review board for a decision.

What is the primary purpose of a portfolio governance framework?

To ensure portfolio decisions and components align with organizational strategy and objectives

To define the project management methodology used by all projects in the portfolio

To assign individual performance reviews for project managers

To track the daily progress of each project within the portfolio

A portfolio manager needs to report to the governance board on the portfolio's health. Which combination of information would be most useful for the board to assess strategic alignment?

A summary of each component's progress against strategic KPIs and any significant variances.

A list of all project risks and issues, regardless of impact.

A financial report showing only the total budget spent and remaining.

An update on resource utilization across the portfolio.

Which activity is part of reviewing and improving governance practices?

Avoiding feedback from stakeholders to reduce complexity

Keeping governance processes unchanged to ensure stability

Deleting historical governance records to simplify

Conducting lessons-learned sessions after major portfolio decisions

PMIPortfolio Management Professional (PfMP)

Domain 2Objective 5

Task 5 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 34 practice questions to prepare you well beyond it. (estimate)

34questions here

7free pages

7concepts

20%of the exam

Questions 6–10

6application · medium
A component is failing to meet its objectives and the portfolio manager believes it should be terminated. According to governance best practices, what should happen?
Select an answer first
7foundation · easy
What is the primary purpose of a portfolio governance framework?
Select an answer first
8foundation · easy
Which governance role is typically responsible for approving the addition of new components to the portfolio?
Select an answer first
9application · medium
A portfolio manager needs to report to the governance board on the portfolio's health. Which combination of information would be most useful for the board to assess strategic alignment?
Select an answer first
10foundation · easy
Which activity is part of reviewing and improving governance practices?
Select an answer first

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