256 ◾ PfMP® Exam Practice Tests and Study Guide
163. Working for a government agency that performs some vital functions but
one in which none of these functions is considered critical to national secu-
rity or the health and well being of its citizens, as the portfolio manager you
are accustomed to having to ‘do more with less’. Another round of budget
cuts is expected. This means that:
a. Resource limitations are expected as many will be offered options for
early retirement
b. Strategic opportunities will require approval from those in the executive
branch of the government outside of the agency
c. Overhead functions such as the EPMO and staff member continual train-
ing will be eliminated
d. Allocation of funds to different types of initiatives and their contribution
to strategy may require revision
164. Assume you are the portfolio manager for a global Fortune 50 company
specializing in the production of golf balls since golf is so popular espe-
cially with the aging population. The company has other products under
way or planned so it remains the market leader in this area. The Portfolio
Review Board meets monthly, and at each meeting, it reviews the portfolio
in order to:
a. Address impending risks and outstanding issues
b. Consider funding allocations
c. Evaluate if the portfolio’s benets align with objectives
d. Ensure agreement on the overall timeline for components
165. Since robots and small drones are being used more frequently in very dis-
similar ways, your company, rather than implementing new proposals in this
area since it is the market leader in dirigibles, immediately stated component
proposals for new investments are rst to be approved in governance board
meetings. This means as you manage portfolio information that:
a. Communications are built around this policy
b. A focus on strategic program and project data is required
c. Governance board members must be selected carefully to ensure a trans-
parent process
d. Risks and issues require signicant attention
166. When the portfolio strategic plan is prepared, and each time it is updated, it
is prepared by using:
a. Organizational and portfolio strategic assets
b. Organizational strategy and objectives
c. Organizational vision and mission
d. Portfolio benets and business value expected