A portfolio sponsor is concerned that a high-priority component is not receiving enough attention from the portfolio manager. What is the sponsor's appropriate role in this situation?

Ignore the issue and trust the process.

Take over the day-to-day management of the component.

Direct the portfolio manager to allocate more resources to the component immediately.

Raise the concern with the portfolio review board to ensure the component is prioritized appropriately.

Which statement best describes the role of a portfolio governance framework in decision-making?

It is primarily used to resolve conflicts between project team members

It focuses only on financial metrics to evaluate portfolio performance

It replaces the need for a project sponsor by making all decisions centrally

It provides a structure for consistent and transparent portfolio decisions

A company's strategic direction has shifted toward digital transformation. The portfolio currently contains many legacy IT projects. What is the first step the governance framework should support to realign the portfolio?

Immediately terminate all legacy IT projects.

Increase the budget for the portfolio to accommodate both old and new projects.

Continue funding existing projects to avoid disruption.

Re-evaluate all portfolio components against the new strategic criteria and reprioritize or terminate as needed.

Which of the following is an example of a key performance indicator (KPI) for portfolio performance?

Percentage of portfolio components aligned with strategic objectives

Number of project team members who attended training

Color of the project status reports

Number of emails sent to stakeholders

A portfolio review board is experiencing conflicts of interest because some members are also sponsors of components under review. This is undermining the credibility of governance decisions. What is the best way to address this?

Allow sponsors to vote but keep their votes confidential.

Remove all sponsors from the board.

Implement a conflict-of-interest policy requiring members to recuse themselves from decisions involving their sponsored components.

Ignore the conflicts because they are unavoidable.

PMIPortfolio Management Professional (PfMP)

Domain 2Objective 5

Task 5 PFMP Practice Questions (Page 4)

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 16–20

16application · medium
A portfolio sponsor is concerned that a high-priority component is not receiving enough attention from the portfolio manager. What is the sponsor's appropriate role in this situation?
Select an answer first
17foundation · easy
Which statement best describes the role of a portfolio governance framework in decision-making?
Select an answer first
18application · medium
A company's strategic direction has shifted toward digital transformation. The portfolio currently contains many legacy IT projects. What is the first step the governance framework should support to realign the portfolio?
Select an answer first
19foundation · easy
Which of the following is an example of a key performance indicator (KPI) for portfolio performance?
Select an answer first
20expert · hard
A portfolio review board is experiencing conflicts of interest because some members are also sponsors of components under review. This is undermining the credibility of governance decisions. What is the best way to address this?
Select an answer first

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