Task 8 PFMP Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   Which of the following is a common prioritization technique used in portfolio management?

   • AWeighted scoring model
   • BEarned value management
   • CCritical path method
   • DMonte Carlo simulation
   Reveal Solution Discussion Select an answer first
2. 17foundation · easy

   What is the primary purpose of categorizing portfolio components into distinct categories?

   • ATo enable consistent evaluation and prioritization of components
   • BTo ensure all components have the same priority level
   • CTo determine the exact financial value of each component
   • DTo assign each component to a specific project manager
   Reveal Solution Discussion Select an answer first
4. 18foundation · easy

   What is a typical trigger for adjusting portfolio priorities?

   • AThe completion of a project status report
   • BThe change of a project manager
   • CThe hiring of a new project team member
   • DA change in the organization's strategic objectives
   Reveal Solution Discussion Select an answer first
5. 19application · medium

   A portfolio manager must prioritize components for the upcoming year. The organization's strategy emphasizes both market expansion and cost reduction. The portfolio includes a market expansion project with high strategic alignment but moderate financial return, and a cost reduction project with lower strategic alignment but high financial return. What is the most appropriate prioritization decision?

   • AFund both projects equally to avoid conflict.
   • BPrioritize the market expansion project because it has higher strategic alignment.
   • CPrioritize the cost reduction project because it has a higher financial return.
   • DUse a scoring model that weights both strategic alignment and financial return according to the organization's priorities.
   Reveal Solution Discussion Select an answer first
6. 20foundation · easy

   What is the purpose of assessing strategic alignment of portfolio components?

   • ATo identify the project manager for each component
   • BTo ensure all components have identical objectives
   • CTo determine how well each component supports the organization's strategic goals
   • DTo calculate the exact cost of each component
   Reveal Solution Discussion Select an answer first