PfM² Portfolio Exam Prep Quiz

PfM² Portfolio Exam Preparation Quiz

This Preparation Quiz will allow you to prepare for the PfM² Portfolio Certification of the PM² Foundation.

Make sure that you carefully read the Certification preparation instructions and study the resources provided by your instructor.

Keep in mind that a passing score on the prep quiz does not guarantee your success in the actual certification exams.

Note that this version of the preparation quiz does not provide you with feedback on your results.

1 / 34

1. The PfM² Lessons Log is used to capture all the important decisions relating to the management and execution of the portfolio.

a. True

b. False

2 / 34

2. The below activities belong to the ________________ process:

a. Portfolio Composition

b. Portfolio Framework Definition

c. Portfolio Exploitation

d. Portfolio Management

3 / 34

3. Projects, programs and other work are referred to as the ____________of the portfolio.

a. strategic parts

b. balanced work

c. components

d. aligned priorities

4 / 34

4. Portfolio components are grouped together to facilitate the effective management of that work, to _________.

a. assure that all related components are managed together.

b. meet strategic business objectives.

c. adhere to company policy, based on strategic execution methods.

d. minimize the project failure rate.

5 / 34

5. The outputs of the Monitoring and Controlling activities are documented in the _________________

a. Portfolio Checklists and the Portfolio Composition and Analysis Report

b. Portfolio Logs and the Portfolio Handbook

c. Portfolio Framework

d. Portfolio Logs and the Portfolio Composition andd Analysis Report

6 / 34

6. The Portfolio Manager (PfM), with the support of the _______________ is responsible for portfolio monitoring

a. Portfolio Directing Group (PDG)

b. Portfolio Support Team (PfSO)

c. Portfolio Steering Committee (PfSC)

d. Portfolio Quality Assurance Officer (PQAO)

7 / 34

7. The Portfolio Support Office (PfSO), provides administrative, communication, and process support to the Portfolio Directing Group (PDG).

a. True

b. Fanse

8 / 34

8. The decision to add, remove or modify PfM² artefact templates as per the needs of the portfolio should be determined by _________________ .

a. its complexity and size

b. all the above.

c. the input of the Portfolio Advisory Committee (PfAC)

d. the formality required

9 / 34

9. Portfolio Change can come _________________

a. only upon an explicit and justified request by the appointed Component Representatives (CR)

b. only from the portfolio’s environment.

c. only from the components’ side.

d. from the portfolio’s environment, or in the form of changes to the definition, planning, execution or expected results of the portfolio components.

10 / 34

10. The Portfolio Directing Group (PDG) is accountable for all Portfolio-level artefacts, excluding the Benefits Matrix, for which the Portfolio Manager assumes the respective accountability.

a. False

b. True

11 / 34

11. The portfolio risk management approach is documented in the ____________________

a. Portfolio Risk Management Plan.

b. Portfolio Handbook.

c. Portfolio Charter.

d. Portfolio Risk Matrix.

12 / 34

12. The Portfolio Composition process requires as input information and artefacts created during the initiation of the components.

a. True

b. False

13 / 34

13. Portfolio management includes processes for ___________

a. all the above.

b. making investments decisions.

c. allocating resources.

d. identifying the organizational priorities.

14 / 34

14. Determining what documentation is required is an important decision that should be made during the _________________

a. Portfolio Inception

b. None of the above

c. Portfolio Framework Definition

d. Portfolio Initiation

15 / 34

15. According to the PfM² Governance model, the portfolio layer, includes the following sub-layers:

a. Strategic, Directing, Managing and Component sub-layers

b. Strategic, Directing, and Managing sub-layers

c. Directing, Managing and Component sub-layers

d. Directing, Managing and Advisory sub-layers

16 / 34

16. According to the PfM² Governance Model, the Portfolio Advisory Committee (PfAC), provides information and insights from the perspective of the portfolio_______________________

a. projects

b. operations

c. services

d. components

17 / 34

17. The PFM² processes are executed:

a. with a minor overlap.

b. sequentially.

c. throughout the lifecycle of the Portfolio.

d. none of the above.

18 / 34

18. Portfolio Composition _________________________

a. should be executed once per year, following the organisation’s annual planning cycle.

b. None of the above.

c. should be finalised not later than the end of each financial year.

d. need not be a singular annual event.

19 / 34

19. Which of the Logs below are foreseen by the PfM² methodology?

(select the ones that apply)

a. Risk Log

b. Benefits Log

c. Stakeholders Log

d. Lessons Log

20 / 34

20. A portfolio can be a collection of _____________.

a. aligning and controlling processes.

b. projects and programs.

c. of components such as projects, programs, products, services and others.

d. interdependent and directly related projects.

21 / 34

21. The portfolio characteristics, metrics, processes, and governance bodies are established through the process of Portfolio _________________.

a. Framework Definition.

b. Composition.

c. Evaluation.

d. Constitution.

22 / 34

22. One of the key responsibilities of the Portfolio Manager (PfM) is to manage the realisation of portfolio value through the consolidation of the __________________

a. relevant information in the Benefits Traceability Matrix.

b. outputs that each of the portfolio components aims to deliver.

c. benefits that each of the portfolio components aims to achieve.

d. none of the above.

23 / 34

23. PfM² provides ________ logs.

a. 6

b. 5

c. 4

d. 7

24 / 34

24. When tailoring the PfM² Methodology, the following best practices should be followed (select the ones that apply):

a. Balance the level of rigour of application of the methodology expected with the resources required and the complexity such rigour results.

b. Apply to the Portfolio Management Methodology the same level of tailoring applied to Programme and Project Levels.

c. Tailor the PfM² methodology based on the advice of the Component Representatives (CR)

d. Avoid simplifying the Methodology by eliminating whole parts.

25 / 34

25. Identify the element that does not constitute a PfM² Mindset:

a. Maintain an outputs orientation towards all portfolio management activities

b. Foster a culture of cross-organisational collaboration, clear communication, and accountability.

c. Remain mindful that portfolio management processes are there to serve the portfolio and organisational objectives, not the other way around.

d. Invest in developing technical and behavioural competences to become better portfolio contributors.

26 / 34

26. The Manage Strategic Alignment activity ensures that the portfolio performance is aligned with its objectives, as these are defined in the __________________, as well as with the strategic priorities of the organisation

a. Portfolio Handbook

b. Portfolio Charter

c. Portfolio Inception Report

d. Management Plan

27 / 34

27. An organization evaluates the portfolio components using the tools and techniques described in the portfolio management methodology.

a. False

b. True

28 / 34

28. The projects or programs of the portfolio have to be interdependent or directly related.

a. True

b. False

29 / 34

29. The Portfolio Manager(PfM) is accountable for the following activities:

a. Identify Components, Evaluate Components, Plan Portfolio Capacity, Compose Portfolio

b. None of the above

c. Evaluate Components, Plan Portfolio Capacity, Compose Portfolio

d. Identify Components, Evaluate Components, Plan Portfolio Capacity, Compose Portfolio, Approve Portfolio

30 / 34

30. According to the PfM² Governance model, the Portfolio Directing Group (PDG) belongs to the following layer:

a. Strategic layer

b. Operational layer

c. Managing layer

d. None of the above

31 / 34

31. The goal of portfolio management is to ensure that the organization is ___________

a. doing work right.

b. managing portfolio management staff properly.

c. doing the right work.

d. all the above.

32 / 34

32. The Portfolio Manager (PfM) is accountable for the definition of the Portfolio Objectives and Characteristics.

a. True

b. False

33 / 34

33. The PfM² Methodology provides:

a. a set of effective portfolio mindsets.

b. all the above.

c. a portfolio process model.

d. a portfolio governance structure.

34 / 34

34. Risk management is critical ______________

a. where the cost of component failure is significant.

b. when risks of one component raise risks in another component.

c. where interdependencies exist between high-priority components.

d. all the above.

Welcome to the PfM² Exam Preparation Quiz

Leave a Reply Cancel reply