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PMI PfMP (PfMP) Practice Tests & Test Prep by Exam Edge - FAQ

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Why should I use Exam Edge to prepare for the PMI Portfolio Management Professional Exam?

FAQ's for Exam Edge PMI Portfolio Management Professional practice tests

We have ten great reasons why Exam Edge is the #1 source on the internet when it comes to preparing for PMI Portfolio Management Professional test:

  • Comprehensive content: Exam Edge's PMI Portfolio Management Professional practice tests are created specifically to prepare you for the real exam. All our PMI PfMP practice test questions parallel the topics covered on the real test. The topics themselves are covered in the same proportions as the real test too, based on outlines provided by the Project Management Institute in their PMI PfMP test guidelines.

  • Realistic practice: Our PMI PfMP practice exams are designed to help familiarize you with the real test. With the same time limits as the real exam, our practice tests enable you to practice your pacing and time management ahead of test day.

  • Detailed explanations: As you complete your practice tests, we show you which questions you answered correctly and which ones you answered incorrectly, in addition to providing you with detailed step-by-step explanations for every single PMI Portfolio Management Professional practice exam question.

  • Performance insights: After you complete a practice test, we provide you with your raw score (how many you answered correctly) and our estimate of the PMI PfMP score you would have received if you had taken the real test.

  • Ease of access: Because all our practice tests are web-based, there is no software to install. You can take PMI PfMP practice exams on any device with access to the internet, at any time.

  • Flexible use: If you must pause while taking one of our practice tests, you can continue right where you left off. When you continue the test, you will start exactly where you were, and with the same amount of time you had remaining.

  • Thousands of unique questions: We offer 5 different online practice exams with 500 unique questions to help you prepare for your PMI Portfolio Management Professional !

  • Low cost: The cost of ordering 5 practice tests is less than the cost of taking the real PMI PfMP test. In other words, it would be less expensive to order 5 practice tests than to retake the real PMI Portfolio Management Professional exam!

  • Our trusted reputation: As a fully accredited member of the Better Business Bureau, we uphold the highest level of business standards. You can rest assured that we maintain all of the BBB Standards for Trust.

  • Additional support: If you need additional help, we offer specialized tutoring. Our tutors are trained to help prepare you for success on the PMI Portfolio Management Professional exam.

What score do I need to pass the PMI PfMP Exam?

To pass the PMI Portfolio Management Professional test you need a score of 75.

The range of possible scores is 0 to 100.

How do I know the practice tests are reflective of the actual PMI Portfolio Management Professional ?

At Exam Edge, we are proud to invest time and effort to make sure that our practice tests are as realistic as possible. Our practice tests help you prepare by replicating key qualities of the real test, including:

  • The topics covered
  • The level of difficulty
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We have a team of professional writers that create our PMI Portfolio Management Professional practice test questions based on the official test breakdown provided by the Project Management Institute. We continually update our practice exams to keep them in sync with the most current version of the actual certification exam, so you can be certain that your preparations are both relevant and comprehensive.

Do you offer practice tests for other Project Management Institute subjects?

Yes! We offer practice tests for 7 different exam subjects, and there are 35 unique exams utilizing 3500 practice exam questions. Every subject has a free sample practice test you can try too!
PMI Certified Associate in Project Management (CAPM) Practice Tests
PMI Portfolio Management Professional (PfMP ® ) Practice Tests
PMI Professional in Business Analysis (PBA ® ) Practice Tests
PMI Program Management Professional (PgMP) (PgMP) Practice Tests
PMI Project Management Professional (PMP) Practice Tests
PMI Risk Management Professional (PMI-RMP ® ) Practice Tests
PMI Scheduling Professional (PMI-SP ® ) Practice Tests

To order tests, or take a sample test, for a different subject: Click on ' Name on the Exam Name' You will be take to the orders page

How do I register for the real Project Management Institute?

For up-to-date information about registration for the Project Management Institute, refer to the Project Management Institute website.

PMI Portfolio Management Professional - FAQ Sample Questions

Insufficient communication results in all of the following except:

Correct Answer:
improved stakeholder confidence
insufficient communication within any organizational or project setting can lead to numerous negative outcomes, except for improved stakeholder confidence. let's break down the effects mentioned and clarify why improved stakeholder confidence is not a result of insufficient communication.

**failure to identify risks:** effective communication is vital in identifying potential risks in any project or operational activities. when communication is lacking, team members and leaders may not be fully aware of or may misunderstand the risks associated with certain decisions or lack thereof. this oversight can lead to unanticipated challenges that could have been mitigated or altogether avoided with better communication.

**failure to accomplish portfolio objectives:** objectives are set to guide the activities and priorities of an organization or project. insufficient communication can lead to misalignment among team members regarding these objectives. without a clear, shared understanding of what needs to be achieved, different members or teams might pursue conflicting priorities, leading to inefficiencies and the potential failure to meet the overarching goals.

**increase in duplication of efforts:** when communication channels are not clear or fully utilized, there can be a significant increase in duplicated efforts. this occurs because teams or individuals are not aware of the tasks being performed by others. as a result, resources are wasted, and productivity is diminished since multiple individuals or groups might inadvertently be working on the same tasks without realizing it.

**improved stakeholder confidence:** contrary to the negatives listed above, improved stakeholder confidence typically results from strong and consistent communication. stakeholders need to feel informed and involved in the processes that affect their interests. when communication is insufficient, stakeholders are likely to feel uncertain and less confident about the management and progress of the project or organization. their confidence grows when they receive regular updates, understand the challenges being addressed, and see that their concerns are acknowledged and considered in decision-making processes.

in summary, insufficient communication can lead to a failure to identify risks, a failure to accomplish portfolio objectives, and an increase in duplication of efforts. these outcomes foster inefficiency and misalignment within an organization or project. improved stakeholder confidence, however, is not a result of insufficient communication but rather of a robust and effective communication strategy. ensuring that all team members and stakeholders are well-informed and engaged is key to maintaining their trust and confidence.

Which of the following can be a Portfolio Management Information System (PMIS)?

Correct Answer:
enterprise portfolio systems, excel-based tools, and resource database

a portfolio management information system (pmis) is an essential tool in portfolio management, designed to assist managers in making informed decisions about investments, project prioritization, and resource allocation. a pmis integrates various functionalities and data sources to provide a comprehensive overview and analytical capabilities to manage a portfolio effectively. the question specifically asks which of the listed options can be considered a pmis.

among the options provided, "enterprise portfolio systems, excel-based tools, and resource database" is correctly identified as components of a pmis. each element plays a crucial role in the portfolio management process: 1. **enterprise portfolio systems**: these are sophisticated software solutions designed to handle large-scale portfolio management needs. they offer features such as project tracking, portfolio analysis, scenario planning, and strategic alignment capabilities. these systems provide a centralized platform where all portfolio information can be stored, analyzed, and reported. 2. **excel-based tools**: while not as robust as dedicated enterprise systems, excel and similar spreadsheet tools are widely used in portfolio management for their flexibility, ease of use, and excellent analytical capabilities. they are particularly useful for custom calculations, data visualization, and preliminary data analysis. excel can be used for everything from simple budget tracking to more complex risk assessments and scenario analyses. 3. **resource database**: this is a critical component of a pmis, containing detailed information about all resources available to an organization, including human resources, technologies, and financial assets. effective resource management is vital for successful portfolio management, as it ensures that projects are adequately staffed and funded. a resource database helps in planning, allocating, and optimizing the use of resources across multiple projects and initiatives.

it is important to note that while other options listed, such as "legal/regulatory compliance, external and internal risk analysis" and "market/competitor analysis, business value analysis, and cost-benefit analysis," are important aspects of managing a portfolio, they do not constitute a pmis by themselves. these activities are part of the broader portfolio management process and can be supported by a pmis, but they are not systems or tools.

in conclusion, a pmis is a multifaceted system that incorporates various tools and databases to support the comprehensive needs of portfolio management. enterprise portfolio systems, excel-based tools, and resource databases are all integral components of a pmis, facilitating the complex tasks of managing, monitoring, and making decisions regarding portfolios.