A portfolio review board (PRB) is being formed to oversee a technology portfolio. The board includes the CIO, CFO, and heads of business units. Which responsibility is most appropriate for the PRB, as opposed to the portfolio manager?

Resolve day-to-day issues within individual projects.

Collect performance data and prepare status reports for the board.

Develop detailed project schedules and resource assignments for each component.

Approve the addition of new components and the termination of underperforming ones based on strategic fit.

A multinational company is establishing a portfolio governance framework. The executive team wants to ensure that all portfolio decisions—from initial prioritization to ongoing funding—are consistently aligned with the corporate strategy, even as market conditions shift. Which approach best achieves this objective?

Delegate all portfolio decisions to the finance department to ensure budget discipline and consistency.

Create a governance framework that defines decision rights, escalation paths, and a cadence for reviewing portfolio components against strategic criteria.

Empower each business unit to manage its own portfolio independently to maximize agility.

Establish a one-time strategic planning session to set portfolio priorities for the fiscal year.

A portfolio manager notices that the same types of issues keep escalating to the governance board, and the board is spending too much time on repetitive problems. What is the best course of action to improve the governance process?

Increase the threshold for escalation so fewer issues reach the board.

Delegate all escalations to the portfolio manager to reduce the board's workload.

Analyze the recurring issues to identify root causes and update the governance framework to prevent them.

Create a new escalation template to speed up the process.

Which of the following is a key component of an issue management procedure within portfolio governance?

Ignoring issues that are not critical

Waiting for the issue to resolve itself

Deleting all records of the issue

Documenting the issue and its impact

PMIPortfolio Management Professional (PfMP)

Domain 2Objective 5

Task 5 PFMP Practice Questions (Page 6)

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 26–30

26application · medium
A portfolio review board (PRB) is being formed to oversee a technology portfolio. The board includes the CIO, CFO, and heads of business units. Which responsibility is most appropriate for the PRB, as opposed to the portfolio manager?
Select an answer first
27foundation · easy
Which of the following is a common governance reporting mechanism?
Select an answer first
28application · medium
A multinational company is establishing a portfolio governance framework. The executive team wants to ensure that all portfolio decisions—from initial prioritization to ongoing funding—are consistently aligned with the corporate strategy, even as market conditions shift. Which approach best achieves this objective?
Select an answer first
29expert · hard
A portfolio manager notices that the same types of issues keep escalating to the governance board, and the board is spending too much time on repetitive problems. What is the best course of action to improve the governance process?
Select an answer first
30foundation · easy
Which of the following is a key component of an issue management procedure within portfolio governance?
Select an answer first

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Task 5 PFMP Practice Questions (Page 6)

Questions 26–30

A portfolio review board (PRB) is being formed to oversee a technology portfolio. The board includes the CIO, CFO, and heads of business units. Which responsibility is most appropriate for the PRB, as opposed to the portfolio manager?

Which of the following is a common governance reporting mechanism?

A portfolio manager notices that the same types of issues keep escalating to the governance board, and the board is spending too much time on repetitive problems. What is the best course of action to improve the governance process?

Which of the following is a key component of an issue management procedure within portfolio governance?

Keep studying — Governance