EXAM CODE : PMP UPDATION DATE : 2023-03-30 TOTAL QUESTIONS : 1376 UPDATES : UPTO 3 MONTHS GUARANTEE : 100% PASSING GUARANTEE
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An agile project for a database migration impacts nearly all business units of the corporation. Every effort has been made to complete the migration before the end-ofsupport date for the database platform. A new impediment now implies the need to continue use of the old platform another year at a higher support price. What should the product owner do about this situation?
A. Reprioritize the backlog based on value and cost of delay divided by duration.
B. Switch to a predictive approach to prevent any further delays to completion.
C. Reprioritize the backlog based on story size and competence availability.
D. Remove low-value items from the backlog to compensate for the higher cost.
ANSWER : D
A large multi-national company works on a project in an emerging-economy country. All business matters are conducted in local currency. During the course of the project, the budget becomes the primary concern due to currency instability in the country. What should the project manager do next?
A. Evaluate the situation with the team
B. Escalate the risk to the project sponsor
C. Use the project's contingency reserve
D. Ask for additional budget from the client
ANSWER : C
A project manager is planning a project with multiple work packages. Each work package has its own defined scope, but funding will be at the project level. How should the project manager determine if the allocated resource budget is sufficient to cover the resource costs of the project?
A. Divide the allocated budget by the number of work packages and verify that each work package can be completed within the allocated budget.
B. Estimate the costs at the work package level and add those costs to calculate the total
cost of the project and compare it to the allocated budget.
C. Create a budget burndown and a scope burnup and then verify that the project scope is completed before the allocated budget is depleted.
D. Fund each work package in the order of its importance and shift any remaining scope from nonfunded work packages to funded work packages.
ANSWER : B
A project manager is part of an organization that is assessing the use of agile delivery approaches. A new project management office (PMO) manager who had a bad experience with a Scrum approach recommended that the project board replace Scrum with a predictive approach. What should the project manager do?
A. Review the benefits realization plan to include the cost of the change.
B. Define a project management plan for the new approach, as needed.
C. Define a risk management plan for the new approach, as needed.
D. Review the communications management plan to identify new stakeholders.
ANSWER : A
A project manager is leading a project to develop accounting software for a trading firm. As the outcomes are being delivered, a new risk is identified regarding an indirect tax regulation that is being changed by the government in the next 6 months. This risk will have a significant impact on the project outcomes. What should the project manager do next?
A. Determine the impact of the risk and prioritize outcomes that do not affect the tax module.
B. Delay developing the indirect tax module until the tax regulation comes into effect.
C. Assess the impact of the risk with an expert and prioritize further outcomes with the client.
D. Analyze the impact of the risk and discuss with the team to determine how to separate the tax module.
ANSWER : C
