PfMP® Readiness

 


Thank you for your interest in our PfMP
® Readiness Tool. Please make sure you are in a quiet time and dedicate the next 20-30 minutes to the questions below.  If possible, please have a watch and time the amount of time required to complete the next 20 questions. 

Notes:
1. Important! The accuracy of this survey greatly diminishes as you take the quiz multiple times. Therefore, it is important to complete this survey in the first attempt, and we reserve the right to allow you to take this survey only once.

2. The scoring of this test is fairly complex as some questions have more weight than others. This was intentionally designed by Dr. Te Wu to provide a more accurate diagnostic. Also at the end of the exam, you will have the opportunity to provide some information about yourself so we can send you a complete report.


3. Please complete this readiness assessment in its entirety. We reserve the right not to provide a detailed report for incomplete assessments.

 
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Steve is the newly appointed portfolio manager for Max Advertisement Agency. What should be considered when using tools and techniques to develop a portfolio strategic plan?

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Estela is the portfolio manager of ABC Inc., and she is prioritizing a set of six projects (#1 - #6). The portfolio governance board met last week, and they reviewed the projects and agreed with the established criteria and their rank for each of the project is as below:

Project     A        B        C          D          E
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1                 6         6        1          1           3
2                 5         5        6          3           4
3                 3         3        2          2           2
4                 4         4        5          6           1
5                 2         1        4          5           6
6                 1         2        3          4           5

What is the prioritization from the highest to lowest priority?

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John is working on the Develop Portfolio Communication Management Plan process. He is trying to determine the optimal type of communication for the stakeholders. Which process involved in a stakeholder analysis will help John make this assessment?

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JoAnn has come to you for advice. She believes that she has completed the Define Portfolio process. However, she doesn't appear to have any of the typical outputs for the process. What should she have?

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Robert is currently involved in portfolio performance management and is presently measuring the degree of strategic alignment and the degree to which portfolio and organizational risks have been adequately managed by undertaking portfolio components. What is Robert doing?

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As a portfolio manager, Stephanie is responsible for examining risks associated with her portfolio. What is an example of positive portfolio risk?

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You are the head of the company's PMO and you believe the company's maturity now requires a more sophisticated portfolio management approach. You went to see your boss, and she asks a number of questions. Specifically, she asks why does a Portfolio exist? (Select the best answer)

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Nitin has a portfolio and inventory of work. He is trying to develop a portfolio strategic plan. How should Nitin go about using the portfolio and inventory of work?

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The newly formed portfolio requires a thorough analysis of the stakeholders. Which of the following is likely to be the least effective Elicitation Technique in Stakeholder Analysis?

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Assume Company ABC recently diversified, and in addition to producing its recognized brand of snack products, it now also is producing juice products. You are using the Efficient Frontier Analytical Tool to optimize the portfolio value. This diversification to new products indicates:

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Kinshuk is a portfolio manager. During a recent meeting, a threat was identified and the expected monetary value is considered to be an unreliable guide to contingencies due to the threat having high impact and low probability. What is called for in this situation?

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Lee is currently working on the Develop Portfolio Communication Management Plan process. What information is provided by portfolio performance reports?

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Julia is a member of your company's Portfolio Review Board. The Board meets once in three months to determine which new component to select and to rebalance the portfolio if necessary as the business case is considered for the component and an assessment is underway. Thanks to the suggestions of the other board members, the important point to focus on is: 

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Joyce is a portfolio manager of an IT services company. Programs and projects submit metrics as to their individual progress each month. As part of simplifying the collection and reporting process, Joyce holds interviews with members of the Portfolio Review Board to find their areas of interest and the difficulties in collection of data with program and project managers. Joyce selected 6 metrics for regular reporting out of 10 possible metrics for the Board. The key point to note is that:

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Assume you are the portfolio manager for a leading drug store in your area that offers numerous consumer, health, and medical products. In the past four years, nearly every store has had to enlarge its pharmacy unit and hire additional staff members due to the aging population. Observing this change, two years ago, stores set up clinics to provide customers with immediate care. As you see growth in the stores in this health arena increase, you are looking at trends and realize that:

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Abby is a portfolio manger of an IT product company ABC. Recently, there is a strategic change due to the need for regulatory approval before commercialization. There is an audit on safety aspects. This is a major strategic change, which affects much of the work under way, and shows that:

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Joseph is the portfolio manager of Exceletron Inc., and he is prioritizing a set of four projects. Below is the rank according to a pre-established criteria on a pair-wise comparison:

Project        A          B         C         D
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A                --          1          1         1
B                0          --          1         1
C                0          0          --         1
D                0          0          0         --

What is the prioritization from the highest to lowest priority?

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Banana Cruise Agency operates in a dynamic and turbulent industry. Which of the risks here is most likely to impact the entire portfolio?

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You convinced the Exceletron's portfolio management team to agree to use a scoring model for prioritization of portfolio components. To keep it relatively simple, all criteria are evaluated using a simple scale of Low or L, Medium or M, and High or H, where L = 1, M = 3, and H = 5. There are six criteria, labelled as A, B, C, D, E, and F.

For the coming Fall, the team proposed six projects, numbered 1 to 6. Based on the given weight of the criteria and the average of the scores for each project (as scored by the portfolio steering committee), determine the project priority from highest to lowest.

Proj         Wt         1         2         3        4          5         6
----------------------------------------------------------------------------------------
A             5%        M        H        L        M        M        M
B            15%        L         L        L        M        L        M
C            25%        M        M        L        M        L        M
D            20%        H        H        M        H        H        M
E            20%        H        M        L        M        M        H
F             15%        L        M        M        L        M        M

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As a portfolio manager, Christine manages a tight team that utilizes all the available resources. She is short of labor resources for one of the projects in the portfolio. What is the most likely solution without impacting other projects in the portfolio?

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How long did it take you to complete the 20 questions above? Please provide the answer in MINUTES.
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About You

This section contains basic information about you and your experiences. This will help to determine your level of qualification for the PMI exam.  Since the evaluation of this section is complex, we will email you your results in 3-5 business days. Please make sure you provide your contact information.  All questions are mandatory.
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Education. What is your highest education attainment?
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General Experience. How many years of "professional business experience" do you have?
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Portfolio Management Experience. How many years of unique non-overlapping project portfolio management experience do you have? 
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Decision Making. Please evaluate the approximate percent of time spent in the following activities. Please make sure the answer adds to approximately 100%.

Coordinator - on organizing the investment decision process including scheduling meetings, ensuring deliverables are completed in a timely fashion, and communicating with the portfolio stakeholders

Facilitator - Assist the "Portofolio Governance Committee" on the process of making investment decisions

Manager - Actively work with the "Portofolio Governance Committee" on the investment decision process, including influencing the prioritization of the investment choices

Leader - Actively set direction on portfolio strategy OR be "a" or "the" decision maker

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Please check if you have the following PMI (and Other) professional certifications.
CAPM

PMP

PMI-ACP

PMI-PBA

PMI-RMP

PMI-SP

PgMP

OPM3

ITIL

Other(s)

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If you selected "Other(s)", please describe.
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Have you completed Step 1 of the credential process (PfMP application process and authorization to take the PfMP exam)?

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Have you satisfactorily completed the PfMP Exam (only for our customers or others who have completed the exam. This question is used to test the validity of this readiness assessment)?

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Your Signature (By signing here, you are giving us your consent that we can email you the assessment results and other information about our firm.)
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Place of Signature - City, State
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Place of Signature - Country
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Salutation
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First Name
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Middle Name
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Last Name
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Job Title
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Company
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Your email (required for your report)
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What is your primary purpose of taking the PfMP Readiness Exam?

Self-assessment

Training class requirement

Interested to learn more about PfMP training

Application for the Individual Mentoring Program