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Download DemoVendor: PMI
Certifications: PMI Certifications
Exam Code: PFMP
Exam Name: Portfolio Management Professional (PfMP)
Updated: Jan 02, 2025
Q&As: 495
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Many people in your country are no longer eating food from cans because of the risk of botulism and eColi O1H747. Your low acid canned foods company is seeing its revenues decrease as a result, and it is updating its overall strategy for the company to diversify into other markets as well as to add an aggressive marketing campaign to ensure the public that its low acid canned foods are generally recognized as safe by the Food and Drug Administration. This means in terms of portfolio management:
A. Each proposed component must demonstrate business value before it is undertaken
B. The ROI for existing components should be reviewed to determine if they should continue
C. The existing inventory of work should be validated against the updated strategy
D. The benefits to be realized by existing components require standard KPIs tied to critical success factors
Correct Answer: C
As a portfolio manager you need to continuously balance the need and requirements with the available resources to maintain a balanced portfolio and portfolio resources in order to optimize delivery. One of your key stakeholders came to you asking to skip the manage supply and demand process as you have already prioritized and allocated resources through the strategic management and the governance processes. As a portfolio manager you should
A. Raise this to the steering committee for approval
B. Skip the step as the stakeholder is correct and you can always re-do the process as part of managing a strategic change
C. Continue work and ignore the stakeholder's request as this stakeholder is known to resist change and hates collaboration
D. Continue your work and perform the manage supply and demand process
Correct Answer: D
Assume you are the corporate portfolio manager for your global organization. There is one portfolio at the corporate level, but other portfolios supporting business units and core areas of the company. One of these portfolios involves manufacturing, and its number one program in terms of priorities is to implement an enterprise resource planning system. Since it is the number one ranked program in this portfolio, it is of interest at the corporate level, and you and your team provide reports on its progress monthly. You can see that:
A. Since earned value is being used, at this point you report the ERP system will not meet its cost and schedule goals
B. Extensive training will be needed after the program is complete, and an infrastructure does not exist to support the ERP system
C. Use of the ERP vendor has been underestimated, and a business case will be needed for increased funding
D. Inadequate, up-front financial planning was done when the business case was approved
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