PMI Updated PMP Exam Questions and Answers by allegra

Trend analysis is a technique that uses historical data to predict future outcomes. It can help the project manager identify any deviations from the planned schedule, cost, scope, or quality, and take corrective actions accordingly. Schedule analysis, quality control analysis, and root cause analysis (RCA) are also useful techniques, but they do not directly address the question of forecasting future performance.

References: = PMI PMP certification exam practice question and answer (Q&A) dump with detail explanation and reference

When developing a product, it is crucial for a project manager to consider the stakeholder’s needs. This aligns with the principle that stakeholders’ needs and expectations are to be met in order to manage a project successfully. The PMBOK® Guide emphasizes the importance of identifying stakeholders and understanding their needs and expectations as a part of the project management process. Stakeholders are individuals or groups who are actively involved in the project or whose interests may be affected by the execution or completion of the project. They can influence the project and its results. The concerns of the international stakeholder about the product not meeting the client’s needs highlight the necessity of integrating their needs into the planning and development process12.

References:

• PMI’s "A Guide to the Project Management Body of Knowledge (PMBOK® Guide)"1.
• PMI’s “Stakeholder Analysis: Pivotal Practice to Project Success” article2.

The project manager should have ensured that the risk associated with funding was adequately assessed and mitigated. This involves identifying potential financial risks early in the project, analyzing their impact, and developing a risk mitigation plan. This plan should include strategies to secure funding and contingency plans in case of delays in funding acquisition. By doing so, the project manager could have taken proactive steps to prevent work suspension due to funding issues.

References: = The information aligns with the principles outlined in the PMBOK Guide, which emphasizes the importance of risk management processes in project management, including the identification, analysis, prioritization, and mitigation of risks1. Additionally, the Professional in Business Analysis (PMI-PBA) materials highlight the significance of risk mitigation in ensuring project success2.

The best approach in this situation is for the project manager to meet with the team members and the developer individually to understand the underlying issues and perspectives. This aligns with the conflict resolution strategies outlined in the PMBOK Guide, which emphasizes the importance of addressing conflicts proactively and collaboratively12. By meeting with the parties involved separately, the project manager can gather unbiased information, which is crucial for formulating an effective action plan. This approach also allows for a more personalized discussion, where each individual can express their concerns without the pressure of group dynamics. Once the project manager has a clear understanding of the conflict’s root causes, they can work with the team to develop a resolution strategy that addresses the concerns of all parties and supports the project’s goals.

References: The PMBOK Guide and materials on conflict resolution techniques for project management professionals, as well as best practices for business analysts in managing conflicts123.