Assume you are the portfolio manager for the Federal Railroad Administration.

Vendor: PMI
Product: PfMP
Update on: Jul 30, 2025
Questions: 495

PMI PfMP Question Answer

Assume you are the portfolio manager for the Federal Railroad Administration. Funding is provided annually according to the Government's budget process. Any monies that are not spent at the end of a fiscal year are lost, and there are some restrictions in place concerning whether funds can be transferred to different programs, projects, or operations work in the agency. Therefore, to maximize the use of funding you require:

Regular reports on funds for authorized components

Projections on a quarterly basis as to the funds components require

Mechanisms for internal audits to ensure funds are allocated effectively

Accurate estimates of the funds needed when the component is proposed for consideration