10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The PfMP exam has 170 questions and runs 4 hours.
These 10 free PfMP questions are organized by exam domain, so you can see how each part of the Portfolio Management Professional (PfMP) blueprint is tested. Reveal the answer and explanation under each question.
An organization is formally establishing its first enterprise portfolio. Which document authorizes the portfolio's existence and defines the portfolio manager's authority?
Correct answer: A - The portfolio charter
Following a board-approved change in strategic direction, a component that is on schedule, on budget, and delivering its planned scope no longer supports any current strategic objective. What is the portfolio manager's MOST appropriate action?
Correct answer: D - Recommend to the governance board that the component be terminated and its funding reallocated
A component has consumed USD 8 million of its USD 10 million budget. A market shift has reduced its expected benefits to well below the cost of completing it. Which consideration should PRIMARILY inform the portfolio manager's recommendation?
Correct answer: A - The expected future value relative to the remaining cost to complete
What is the PRIMARY distinction between portfolio governance and portfolio management?
Correct answer: B - Governance establishes decision rights and oversight; management executes within that framework
Each business unit evaluates its investment proposals using its own scoring approach, so the portfolio manager cannot compare proposals across the organization. What should the portfolio manager establish FIRST?
Correct answer: B - A common set of governance-approved prioritization criteria
A component within the portfolio reports a three-week schedule delay. Analysis confirms the delay affects no other component, no dependency, and no strategic objective, and it remains within agreed governance tolerances. What should the portfolio manager do?
Correct answer: C - Record the variance and allow the component manager to manage recovery
Twelve months after the first components closed, every component in the portfolio has reported favorable cost and schedule performance indices, yet the revenue growth the portfolio was funded to deliver has not materialized. What does this MOST likely indicate?
Correct answer: D - The components delivered efficiently but did not produce the intended strategic value
Forecast demand for the coming year exceeds the organization's delivery capacity by approximately 30 percent, and no additional funding has been approved. What is the portfolio manager's BEST course of action?
Correct answer: D - Re-prioritize the portfolio and present deferral options to governance
A portfolio governance board directs that any portfolio risk with an exposure above USD 2 million must be escalated to the board for decision. This directive is an example of a:
Correct answer: A - Risk threshold
Board members report that the quarterly portfolio report is difficult to use because it contains detailed status information on every component. What should the portfolio manager do?
Correct answer: C - Restructure the report around strategic progress, value, and decisions required
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