120 ◾ PfMP® Exam Practice Tests and Study Guide
32. Assume you are creating a roadmap for your portfolio and will present it
to key stakeholders and then to the Portfolio Review Board. You realize
you will be adding additional detail to it, but you also believe its graphical
format will be useful. In developing it, you decide to reference prioritization,
dependencies, and organizational areas so you should consult the:
a. Organization’s strategic plan
b. Portfolio strategic plan
c. Portfolio charter
d. Portfolio management plan
33. Assume you are holding interviews with internal and external stakehold-
ers and subject matter experts to obtain their views on the probability that
certain risks may occur and also the effect on the portfolio’s objectives if the
risks do occur—either positive or negative. As you conduct these interviews,
a best practice to follow is to:
a. Ask questions concerning potential outcomes concerning the portfolio
success criteria
b. Determine whether the interviewees feel rebalancing is needed to bal-
ance portfolio risks
c. Document any assumptions
d. Also compare recent portfolio changes
34. After the second shutdown of the Government, your Agency Administrator
realized that some essential programs had to continue even during the shut-
down, some existing work along with some programs and projects in the
pipeline perhaps were not needed, and resources may require reallocation.
This example shows the:
a. Need to reconsider portfolio selection criteria
b. Need to revise the portfolio mix
c. Importance of regular reviews by the Portfolio Review Committee
d. Need to reevaluate the entire portfolio management cycle
35. Assume you are a member of your company’s Portfolio Review Board. Your
Board meets quarterly to determine which new components to undertake
and selects them even if it means the portfolio then will require rebalancing.
As you consider the proposed business case for a component and assess the
suggestions of the other Board members, a key factor is:
a. The depth of the proposal in terms of identication of key benets
b. Total available resources
c. Overall stakeholder interest
d. Component feasibility studies