PfMP® Full Exam: 1: 170 Questions and Answers

By Leithy Mohamed Leithy

This book is developed to help you in passing the Portfolio Management Professional Certification PfMP® exam on your first attempt.

This book is created based on the “The Standard for Portfolio Management – Third Edition” which was PMI certified in 2013. Throughout this book, it will be referred to as the Standard Guide. This book adopts all PMI publications related to the Portfolio Management that were created before the publication date of this edition.

This book contains one Full PfMP® sample exam with its detailed answer and explanation, i.e., it has 170 questions and answers. The questions were created based on the “PMI Portfolio Management Professional (PfMP)® Handbook” and the PfMP Examination Content Outline changes for 2016 exam.

Please note that this book has the same exam, Exam 1, in the “Passing the PfMP® Exam: A Study Guide” book by the same author.
Therefore, if you bought “Passing the PfMP® Exam: A Study Guide”, there is no need to buy this book.

This book is different from others as it was created by the author who passed the PfMP® exam after the pilot period was finished and the exam became mature enough to continue with the same skeleton. Therefore, it reflects the flavor of the questions that you are going to see on the exam today. Besides, it covers different examples of each type of the commonly found questions on the current PfMP® exam model; including the regular question, table question, and question set.

As a portfolio manager, your practical experience will help you a lot to pass the exam, and it is a critical success factor of your readiness to the exam. However, in this book, you will find a major support to orient you to the examination philosophy that you will face.

PMP, PgMP, and PfMP are registered trademarks by PMI.
This book is not related to PMI or licensed by PMI.

The book gives you an opportunity to test yourself by having the exam questions listed all together, so, you can pass through them as if you are in the exam. On the other hand, it gives the opportunity to review the exam results or study by having the question followed by its answer for the full exam in another separate section.

If you need to test yourself or study a particular Domain, you can still get the same questions listed in Exam (1) ordered by Domain name in Appendix (A).

Please note that each question answer has the following:
- The Right Answer
- Standard Guide Reference: this is referring to “The Standard for Portfolio Management – Third Edition” which is a PMI certified book.
- Clarification and Tips: this is the most important part of the answer as it describes the reasons for selecting the right answer and eliminating the other three choices.
- Knowledge Area
- Process Group

• Language: English
• Publisher: Leithy Mohamed Leithy
• Release date: Dec 1, 2016
• ISBN: 9781370324408

Leithy Mohamed Leithy

Leithy Mohamed Leithy is a certified Portfolio Management Professional (PfMP®), Program Management Professional (PgMP®), and Project Management Professional (PMP®). He also had the certification of Project Management Office (PMOC), ITIL, COBIT, and CSSGB. Leithy is originally an engineer in the computer and automatic control, graduated from Ain Shams University in Egypt in 1989. Later, he upgraded his educational level and got his master (MBA) in IT Management from Leicester University in UK. Leithy has extensive experience in portfolio management, program management, project management and PMO. He practiced the implementation of different types of PMO addressing the project management office, program management office, and portfolio management office. He has practical experience in delivering sensitive projects and programs under high pressure, harsh target deadlines, and budget challenges. He developed project management methodology and program management methodology and implemented them in large multi-national organizations. He acquired excellent practical portfolio management experience while managing multiple portfolios and guided the portfolio managers to achieve their target strategic and financial objectives. He worked in Egypt and in the Arabian Gulf area over the last twenty-five years with big firms and international enterprises that strengthened his practical experience and added a lot to his pragmatic thinking. While concentrating on information technology, he interfered with different industries; educational, health, financial, telecommunication, utilities and oil and gas. Combining the practical experience with the academic experience and international certifications creates an excellent understanding of the best practice and the world-class standards. Leithy is the founder of the 6P-Consulting management services company, which is specialized in project, program, portfolio, and PMO management services, www.6P-Consulting.com Leithy is a Udemy instructor for online learning, refer to the Udemy web site to reach the list of courses offered by him. Leithy is a Skillshare teacher for online professional training, go to the Skillshare.com to review the list of classes offered by him. LinkedIn: https://www.linkedin.com/in/leithy-leithy-mba-pfmp-pgmp-pmoc-pmp-3a66a916/

Book preview

PfMP® Full Exam - 1

170 Questions and Answers

Second Edition

by

Leithy Mohamed Leithy

MBA, PfMP, PgMP, PMP, PMOC, COBIT, ITIL, CSSGB

Published by Leithy Mohamed Leithy at Smashwords

The first edition was published in Feb 2015. The old title of the first edition was Passing the PfMP Exam the First Time

The second edition was published in Aug 2016, with new title.

Copyright © 2016 Leithy Mohamed Leithy

All rights are reserved. This book or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher except for the use of brief quotations in a book review.

This eBook is licensed for your personal use only. This eBook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you are reading this book and did not purchase it, or it was not purchased for your use only, then please return to your favorite eBook retailer and purchase your own copy. Thank you for respecting the hard work of this author.

Please note that this book has the same exam, Exam 1, in the "Passing the PfMP® Exam: A Study Guide" book created by the same author.

Therefore, if you bought "Passing the PfMP® Exam: A Study Guide", there is no need to buy this book.

For permission to use material from this text or product, contact us by:

- e-mail: [e-mail],

- Website: www.6P-Consulting.com

ISBN-13: 978-1-3703244-0-8

Discover other titles by Leithy Mohamed Leithy:

- Passing the PfMP® Exam: A Study Guide

- Passing the PgMP® Exam: A Study Guide

- Passing the PMP® Exam: A Study Guide

Acknowledgement

To my Wife and my Sons

For their patience and encouragement

About the Author

Leithy Mohamed Leithy is a certified Portfolio Management Professional (PfMP®), Program Management Professional (PgMP®), and Project Management Professional (PMP®). He also has the certification of Project Management Office (PMOC), ITIL, COBIT, and CSSGB.

Leithy is originally an engineer of computer and automatic control, graduated from Ain Shams University in Egypt in 1989. Later, he upgraded his educational level and got his master (MBA) in IT Management from Leicester University in the UK.

Leithy has extensive experience in portfolio management, program management, project management and PMO. He practiced the implementation of project management office, program management office, and portfolio management office for the different models: Supportive, Directive and Controlling.

He has practical experience in delivering sensitive projects and programs under high pressure, harsh target deadlines, and budget challenges. He developed project and program management methodologies and implemented them in large multi-national organizations.

He acquired excellent practical portfolio management experience while managing multiple portfolios and guided the portfolio managers to achieve their target strategic and financial objectives.

He worked in Egypt and in the Arabian Gulf over the last twenty-five years with big firms and international enterprises, strengthening his practical experience and adding a lot to his pragmatic thinking. While concentrating on information technology, he interfered with different industries; educational, health, financial, telecommunication, utilities, and oil and gas.

Combining the practical experience with the academic knowledge and international certifications creates an excellent understanding of the best practice and world-class standards.

Leithy is the founder of the 6P-Consulting management services company, which is specialized in project, program, portfolio, and PMO management services, www.6P-Consulting.com

Contents

About the Author

Introduction

Exam 1 - Questions

Exam 1 – Questions and Answers

Appendix (A) – Questions Mapping per Domain

Introduction

This book is developed to help you in passing the Portfolio Management Professional Certification PfMP® exam on your first attempt.

This book is created based on the The Standard for Portfolio Management – Third Edition which was PMI certified in 2013. Throughout this book, it will be referred to as the Standard Guide. This book adopts all PMI publications related to the Portfolio Management that were created before the publication date of this edition.

This book contains one Full PfMP® sample exam with its detailed answer and explanation, i.e., it has 170 questions and answers. The questions were created based on the PMI Portfolio Management Professional (PfMP)® Handbook and the PfMP Examination Content Outline changes for 2016 exam.

Please note that this book has the same exam, Exam 1, in the Passing the PfMP® Exam: A Study Guide book by the same author.

Therefore, if you bought Passing the PfMP® Exam: A Study Guide, there is no need to buy this book.

This book is different from others as it was created by the author who passed the PfMP® exam after the pilot period was finished and the exam became mature enough to continue with the same skeleton. Therefore, it reflects the flavor of the questions that you are going to see on the exam today. Besides, it covers different examples of each type of the commonly found questions on the current PfMP® exam model; including the regular question, table question, and question set.

As a portfolio manager, your practical experience will help you a lot to pass the exam, and it is a critical success factor of your readiness to the exam. However, in this book, you will find a major support to orient you to the examination philosophy that you will face.

PMP, PgMP, and PfMP are registered trademarks by PMI.

This book is not related to PMI or licensed by PMI.

The book gives you an opportunity to test yourself by having the exam questions listed all together, so, you can pass through them as if you are in the exam. On the other hand, it gives the opportunity to review the exam results or study by having the question followed by its answer for the full exam in another separate section.

If you need to test yourself or study a particular Domain, you can still get the same questions listed in Exam (1) ordered by Domain name in Appendix (A).

Please note that each question answer has the following:

- The Right Answer

- Standard Guide Reference: this is referring to The Standard for Portfolio Management – Third Edition which is a PMI certified book.

- Clarification and Tips: this is the most important part of the answer as it describes the reasons for selecting the right answer and eliminating the other three choices.

- Knowledge Area

- Process Group

For any query, please contact us at [e-mail]

Exam 1 - Questions

Q1: After completing the Develop Charter process, you should have:

(a) Portfolio Strategic Plan Updates and Portfolio Process Assets Updates

(b) Portfolio Charter, Portfolio Process Assets Updates, and Portfolio Roadmap

(c) Portfolio Charter and Portfolio Process Assets Updates

(d) Portfolio Strategic Plan Updates, Portfolio charter, and Portfolio process assets updates

Question Category: Moderate

Q2: Lee is executing the Manage Portfolio Value process, and he is looking for a place to document the variances, the analysis of the variances, and the recommendations to be considered by the governing body. What is your advice to him?

(a) My advice is to use the Portfolio Process Assets Updates

(b) My advice is to use the Portfolio Management Plan

(c) My advice is to use the Portfolio Management Plan Updates

(d) My advice is to use the Portfolio Reports

Question Category: Moderate

Q3: While measuring the value of the new component that is considered a new entrant product to the market using brand new technology, which type of the following scoring techniques is considered the most important?

(a) Value Measurement Techniques

(b) Portfolio Efficient Frontier

(c) Comparative Advantage Analysis

(d) None of the above

Question Category: Difficult

Q4: When demand is the primary driver for an organization, what should the organization do?

(a) The organization should execute dramatic changes in the HR department

(b) The organization should adjust the resource supply through temporary and permanent resources

(c) The organization should accept all the new project demands

(d) None of the above

Question Category: Difficult

Q5: Which of the following key deliverables is used while executing the Manage Supply and Demand process?

(a) Portfolio and Portfolio Management Plan

(b) Portfolio Management Plan

(c) Portfolio and Portfolio Roadmap

(d) Portfolio

Question Category: Moderate

Q6: Which of the following might be accomplished by the benefits realization planning?

(a) Document benefits in such a way that they can be easily measured and evaluated

(b) Help to ensure that the benefits of a given portfolio are clearly defined for the stakeholders

(c) Allow the portfolio’s governing bodies to evaluate the expected net benefits of a given portfolio or portfolios to prioritize portfolio efforts

(d) All the above

Question Category: Moderate

Q7: Nicholas has the Portfolio Strategic Plan, and he is looking for your help to tell him what he needs more to start the Manage Strategic Change, what should you tell him?

(a) Portfolio Charter, Portfolio Updates, Portfolio Management Plan, and Portfolio Process Assets

(b) Portfolio Charter, Portfolio Management Plan, and Portfolio Process Assets

(c) Portfolio Charter, Graphical Analytical Methods, Portfolio Roadmap, Portfolio Management Plan, and Portfolio Process Assets

(d) Portfolio Charter, Portfolio, Portfolio Roadmap, Portfolio Management Plan, and Portfolio Process Assets

Question Category: Moderate

Q8: In producing the Portfolio Strategic Plan, the portfolio manager should:

(a) Remain aligned with the regulation

(b) Integrate and respond to the changes in the portfolio without a need to remain aligned with the organizational strategy and objectives

(c) Respond to the regulation changes, and remain aligned and integrate with them

(d) Integrate and respond to the changes in the portfolio while remaining aligned with the organizational strategy and objectives

Question Category: Difficult

Q9: After completing the Manage Supply and Demand process, where should the portfolio manager store the resource utilization and resource efficiency?

(a) Organization Process Assets

(b) Resource Pool

(c) Portfolio Reports

(d) Enterprise Environmental Factors

Question Category: Moderate

Q10: Richard has the Inventory of Work, and he is looking for your help to tell him what he needs more to develop a Strategic Management Plan, what should you tell him?

(a) You should have: Portfolio Component Inventory, Organizational Process Assets, and

Reviews for PfMP® Full Exam

[Krishna · Rating: 2 out of 5 stars]

The questions are mostly on ITTO and once you are good at them, you can breeze through. It would have been better to practice if some more complex scenarios are listed.