xiii
Introduction
The Program Management Professional (PfMP
®
) Exam: Practice Test &
Study Guide includes ve sections, each of which corresponds to one of the
ve domains described in the Portfolio Management Professional (PfMP
®
)
Examination Content Outline (2013). Each section contains study hints, a list
of major topics that may be encountered on the exam, and 20 multiple- choice
practice questions complete with an answer sheet, an answer key that includes
a rationale for each correct answer, a link to the corresponding task in the ECO,
and a bibliographic reference for further study if needed.
We have also included two complete practice tests, each consisting of 170
questions,
1
that follow the blueprint of the real PfMP
®
exam as described in the
ECO. For example—
◾ 25 percent of the questions relate to strategic alignment
◾ 20 percent relate to governance
◾ 25 percent relate to portfolio performance
◾ 15 percent relate to portfolio risk management
◾ 15 percent relate to communications management
To use this study guide effectively, rst read the Standard for Portfolio
Management – Third Edition (2014) and the ECO. Next try one of our Practice
Tests on line to see your areas of strengths and weaknesses. Then, go through
this book on one section at a time because this order reects the Examination
Content Outline. Start by reading the study hints, which provide useful back-
ground on the content of the PfMP
®
exam and identify the emphasis placed on
various topics. Familiarize yourself with the major topics listed. Then, answer the
practice questions that follow, recording your answers on the answer sheet pro-
vided. Finally, compare your answers to those in the answer key. The rationales
provided should clarify any misconceptions. For further study and clarication,
consult the ECO and bibliographic references. Since the ECO is the “blueprint”
for the exam, each question is linked to specic tasks in each domain in the
ECO, which means the references from the Standard at times may be in different
knowledge areas.
xiv ◾ Introduction
After you have nished answering the questions that follow each section, it
is time to take the practice tests. Note your answers to the rst Practice Test you
took on line on the sheets provided, compare your answers to the answer key,
and use your results to determine what areas you need to study further.
2
Then,
take the other Practice Test on line and later in the book.
To make the most of this specialty publication, use it regularly. The tips listed
below will help you to get the most out of your preparation for the PfMP
®
exam:
◾ Take and retake the practice tests. Photocopy the answer sheets so that you
have a clean one to use each time you retake the practice tests.
◾ Consider convening a study group to compare and discuss your answers
with those of your colleagues. This method of study is a powerful one. You
will learn more from your colleagues than you ever thought possible.
◾ Make sure that you have a solid understanding of the exam topics provided
in each section.
◾ Consult our bibliography, or other sources that you have found useful,
for further independent study.
◾ Most importantly, create a study plan and stick to it. Your chances of success
increase dramatically when you set a goal and dedicate yourself to meeting it.
To further enhance your study, the two Practice Tests are available on
line at: http://www.ittoday.info/pfmp/examhome.html. To access the tests,
use this following passcode: K23799. This web- based version of these exams
includes a clock so you can see how well you do in the allotted four hours for
the exam. You will see your answers according to the number of questions you
answered correctly by domain. Also, you will see your answers according to a
proprietary algorithm, designed by the author, as to whether you were Procient,
Moderately Procient, or Below Procient.
In either the print or on the web, the practice tests are an essential study tool
that was created with one goal in mind: helping you to pass your exam and
become PfMP
®
certied.
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