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PfMP – Portfolio Management Professional

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Showing 10–12 of 20 questions

Question 10

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Due to strategic changes, one of the sub-portfolios in your portfolio has been decided to be canceled because it no longer meets the new market demands. What is your next step as a portfolio manager?

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    Start terminating the component and return back the remaining resources to the resource pool
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    Analyze the impact of this cancellation on the overall portfolio and recommend a decision to the governance board
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    Meet the sub-portfolio's team in order to assess the impact
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    Consider it as a normal change, submit a change request for cancellation and wait for the governance board approval
Question 11

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You have been recently assigned to manage a new portfolio that is supposed to shift the company from silo-based to a projectized one. You are in the process of initiating the portfolio. You are currently developing the strategic plan. Upon finishing it, you are expected to present

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    Portfolio Strategic Plan and Portfolio Process Assets updates
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    Portfolio Strategic Plan and Portfolio
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    Portfolio Strategic Plan
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    Portfolio Strategic Plan and Inventory of Work
Question 12

Assume you are managing the corporate portfolio for your company noted for many products primarily focused on farm equipment. Recently it has diversified into other markets especially with the economic downturn in the country. While many of the traditional products are in the portfolio as new features are added to enhance customer satisfaction, one of the new product lines is a high-profile program that is ranked number five in the corporate portfolio. As the portfolio manager, you know this program has several interdependencies with other projects and programs, and recently this high-ranked program has experienced difficulties as needed technology is not available externally, and internal staff lacks the needed competencies to develop it. Its termination will be discussed at Friday's Portfolio Board meeting. You plan to discuss these interdependencies as part of your responsibilities in:

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    Resource allocation
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    Portfolio balancing
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    Financial management
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    Risk management