Portfolio Management Professional Exam Questions PDF download

QUESTION: 51

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

Alcohol, tobacco, and sugar soft drink products should no longer be offered
Each store requires a balance between its health care services and products that may have adverse health effects
Customers wonder if they should trust the health care services offered given the other available products
For the health care clinics to be viewed with integrity, a medical doctor must be available at each store

Answer(s): A

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QUESTION: 52

You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to success and you are coaching your team on the same. One of your team members came to you asking about the order of the steps used to perform risk management activities. What should be your answer to him?

Risk Identification, Risk Assessment, Response Planning, Risk Response
Risk Planning, Risk Assessment, Risk Response
Response Planning, Risk Identification, Risk Assessment, Risk Response
Risk Identification, Response Planning, Risk Assessment, Risk Response

Answer(s): B

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QUESTION: 53

With the increasing use of drywall, your company, which has been in the plaster business for over three generations, is finding it harder to maintain a share of the market and to achieve a positive return on its investments. Three years ago, the corporate executives implemented a portfolio process, and they serve as the Portfolio Governance Council. They meet monthly, and after each meeting, you prepare a report of their decisions. This report
is:

Sent to all employees in the company as it focuses on employee empowerment and involvement
Distributed only to the Governance Council to serve as a record of their meetings
Is used to authorize the portfolio
Is used to analyze the effects of their decisions on the company's portfolio

Answer(s): C

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QUESTION: 54

Due to strategic changes, one of the sub-portfolios in your portfolio has been decided to be canceled because it no longer meets the new market demands. What is your next step as a portfolio manager?

Start terminating the component and return back the remaining resources to the resource pool
Analyze the impact of this cancellation on the overall portfolio and recommend a decision to the governance board
Meet the sub-portfolio's team in order to assess the impact
Consider it as a normal change, submit a change request for cancellation and wait for the governance board approval

Answer(s): A

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QUESTION: 55

Assume you are managing the corporate portfolio for your company noted for many products primarily focused on farm equipment. Recently it has diversified into other markets especially with the economic downturn in the country. While many of the traditional products are in the portfolio as new features are added to enhance customer satisfaction, one of the new product lines is a high-profile program that is ranked number five in the corporate portfolio. As the portfolio manager, you know this program has several interdependencies with other projects and programs, and recently this high-ranked program has experienced difficulties as needed technology is not available externally, and internal staff lacks the needed competencies to develop it. Its termination will be discussed at Friday's Portfolio Board meeting. You plan to discuss these interdependencies as part of your responsibilities in:

Resource allocation
Portfolio balancing
Financial management
Risk management

Answer(s): D

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QUESTION: 51

QUESTION: 52

QUESTION: 53

QUESTION: 54

QUESTION: 55