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

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Understanding what is on the PMI PfMP exam is crucial step in preparing for the exam. You will need to have an understanding of the testing domain (topics covered) to be sure you are studying the correct information.

  • Directs your study efforts toward the most relevant areas.
  • Ensures efficient and adequate preparation.
  • Helps identify strengths and weaknesses.
  • Allows for a focused approach to address gaps in understanding.
  • Aligns your preparation with the exam's expectations.
  • Increases the likelihood of success.
  • Keeps you informed about your field's current demands and standards.
There is no doubt that this is a strategic step in achieving certification and advancing your career.

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Understanding the exact breakdown of the PMI Portfolio Management Professional test will help you know what to expect and how to most effectively prepare. The PMI Portfolio Management Professional has 150 multiple-choice questions The exam will be broken down into the sections below:

PMI Portfolio Management Professional Exam Blueprint
Domain Name % Number of
Strategic Alignment 25% 38
Governance 20% 30
Portfolio Performance 25% 38
Portfolio Risk Management 15% 23
Communications Management 15% 23

PMI Portfolio Management Professional - Exam Topics Sample Questions

While implementing a particular technique during the Develop Portfolio Performance Management Plan process, Steve is regularly consulting with stakeholders and key subject matter experts through planning meetings and brainstorming sessions to develop measured and ensure that the correct items are being measured to ensure optimal resource performance.  What technique is Steve using?

Correct Answer:
elicitation techniques

icitation techniques. in the context of portfolio performance management, elicitation techniques are employed to gather detailed, relevant information from stakeholders and experts which is crucial in defining and measuring the right parameters for optimal resource performance. elicitation, as a technique, fundamentally involves engaging various stakeholders to extract valuable information that may not be readily available through simple observation or casual interaction.

steve's use of elicitation techniques is characterized by his proactive approach to organize planning meetings and brainstorming sessions. during these sessions, stakeholders including project managers, department heads, and subject matter experts come together. the planning meetings serve as formal platforms where structured agendas are discussed, ensuring that all necessary topics are covered systematically. these meetings are essential for aligning the performance metrics with the strategic objectives of the organization.

brainstorming sessions, on the other hand, provide a more open and creative environment for stakeholders to freely express their ideas and concerns. such sessions are invaluable for identifying hidden issues and opportunities that may not surface in more formal settings. they encourage diverse thoughts and innovative solutions, which are crucial for effective portfolio management.

additionally, steve might supplement these interactions with other elicitation methods such as interviews and surveys. interviews allow for deep dives with individual stakeholders to explore specific insights or concerns in detail. surveys can be distributed more broadly to capture the perspectives of a larger group of stakeholders, providing quantitative and qualitative data that supports decision-making.

through the use of these elicitation techniques, steve ensures that the portfolio performance management plan is comprehensive, reflective of stakeholder insights, and aligned with the organization's strategic goals. this structured yet flexible approach not only helps in capturing the right metrics but also in fostering a sense of ownership and collaboration among all participants, leading to a more effective and sustainable portfolio management strategy.

Which of the following is NOT a pressing question to ask for Portfolio Risk Management?

Correct Answer:
who should the portfolio team communicate with?

the question "who should the portfolio team communicate with?" is not a pressing question in the context of portfolio risk management. instead, this question is more relevant to portfolio communication management, which focuses on the interactions and information flow between the portfolio team and other stakeholders. communication management is crucial for ensuring that all relevant parties are informed and engaged, but it does not directly address the analytical and strategic aspects of identifying, analyzing, and mitigating risks within a portfolio.

portfolio risk management, on the other hand, deals primarily with identifying the risks associated with the investments within a portfolio, assessing the potential impact of these risks, and determining strategies to manage them effectively. questions pertinent to this area would include "how to determine portfolio risks?" which involves identifying the various financial, operational, market, or environmental risks to which the portfolio might be exposed.

another critical question in portfolio risk management is "how to manage the risks on a sustainable basis?" this question seeks to explore strategies and processes that can be implemented to ensure that risk management is an ongoing process, integrating risk considerations into long-term portfolio strategies and decision-making processes.

furthermore, addressing the question of "how to deal with low profitability but high impact risks (black swans)?" is also essential within portfolio risk management. this involves planning for and mitigating risks that are rare but could lead to significant losses if they materialize. handling such unpredictable risks requires robust contingency planning and stress testing of the portfolio to ensure resilience against potential large-scale disruptions.

in summary, while communication is undoubtedly a significant aspect of managing a portfolio, it does not confront the core objectives of portfolio risk management, which are centered on the direct handling of risks to safeguard and enhance the value of the portfolio. the critical questions in portfolio risk management revolve around risk identification, assessment, mitigation, and ongoing management, rather than merely determining communication channels and protocols.