PMI PMI-PfMP Free Practice Questions — Page 1

Correct Answer: B. Portfolio Charter

The Portfolio Charter is the document that formally authorizes the portfolio and establishes its governance structure, including the steering committee. It defines roles, responsibilities, and decision-making authority at the portfolio level. The Portfolio Management Plan covers how the portfolio will be managed, not how governance bodies are structured. The Portfolio Strategic Plan focuses on strategic alignment and objectives. Organizational Process Assets are historical inputs, not a place to document new proposals. The steering committee structure belongs in the charter because it is a foundational governance decision.

Correct Answer: A. Portfolio management plan

The Portfolio Management Plan contains resource management information, including how resources are allocated, managed, and optimized across the portfolio. Portfolio reports provide status and performance updates, not detailed resource information. Portfolio component reports are at the component level, not the portfolio level. A resource calendar shows availability but is not a portfolio-level artifact. The portfolio management plan is the authoritative source for resource planning and management information.

Correct Answer: C. Budget variability determines the effect of changing the portfolio

Investment choice tools help evaluate and compare portfolio options. Trade-off analysis (A) is a valid investment choice tool. Spreadsheets and analytical tools (B) are commonly used. Time-to-market variability (D) is a recognized tool that assesses portfolio velocity. Budget variability (C) is not a defined investment choice tool in the PMI Standard for Portfolio Management — it describes a financial metric, not a decision-making technique for comparing investment choices.

Correct Answer: B. Ensure the meeting is aligned with the communication management plan

The communication management plan defines stakeholder communication requirements, including frequency, format, and audience. Aligning the oversight meeting with this plan ensures all stakeholder needs are systematically addressed. Using a dashboard (A) increases transparency but does not ensure communication requirements are met. Engaging stakeholders (C) is part of stakeholder management, not communication planning. Ensuring availability (D) is a logistical step, not a requirement-fulfillment strategy. The plan is the governing document for communication.

Correct Answer: C. Delegative Leadership

Delegative (laissez-faire) leadership empowers employees by giving them authority and responsibility over their work, which increases ownership and productivity. Participative leadership (A) involves shared decision-making but does not fully transfer responsibility. Transformational leadership (B) motivates through vision and inspiration, not responsibility delegation. Authoritarian leadership (D) centralizes control and reduces employee autonomy. Delegative leadership directly increases responsibility at the individual level.