PMI Updated PMP Exam Questions and Answers by caden

In Agile project management, the product owner is responsible for managing the product backlog, which includes assessing and incorporating changes as needed. When a change in requirements occurs, such as an update in legal requirements, the product owner should assess these changes and adjust the backlog accordingly. The team should continue their work while this assessment is taking place. This approach allows the team to maintain their focus on the current iteration’s work, while the product owner ensures that future work aligns with the updated requirements12. References: 

https://www.epicflow.com/blog/changing-requirements-in-project-management-how-to-stay-on-track/

https://www.izenbridge.com/blog/accept-requirement-changes-within-a-sprint/

In an agile software development project, the project manager should focus on collaboration and communication to resolve issues. When a client complains that the last deployment did not meet the acceptance criteria, it’s crucial to review the requirements traceability matrix. This matrix is a document that links requirements throughout the validation process, helping to ensure that all requirements defined for a system are tested in the test protocols. By reviewing this matrix with the team lead and the client, the project manager can identify any discrepancies between the client’s expectations and the team’s understanding of the specifications. This collaborative approach can help to resolve the issue effectively. References: Project Management Professional (PMP) Reference Materials, Professional in Business Analysis Reference Materials

The Cost Performance Index (CPI) of 0.9 indicates that the project is over budget. This means that for every dollar invested, only 90 cents of value is being earned. The Schedule Performance Index (SPI) of 1.0 indicates that the project is on schedule. Therefore, to avoid a budget shortfall, the project manager should look for cost-saving opportunities. This could involve identifying and eliminating unnecessary costs, negotiating better deals with suppliers, or finding more efficient ways to complete tasks. References: PMBOK Guide, 6th Edition, Section 7.4.2.3, “Cost Forecasts” and Section 7.2.2.4, “Cost Management Plan”

According to the Project Management Professional (PMP) guidelines, once a project manager has been authorized to begin a project, the next step is to assemble the project team. The project manager should select team members based on their skills or potential to contribute to the project’s success. This is crucial because having a team with the right skills and potential can significantly enhance the project’s chances of success. References: PMBOK Guide, Project Team Development. Please refer to the specific sections in the PMBOK Guide and PMP study materials for more detailed information.