PMI Updated PMP Exam Questions and Answers by daniella

When a project manager identifies a delay, especially one with external dependencies, it is crucial to assess the situation and its potential impact on the project. Reviewing the lessons learned from similar past projects can provide insights into handling such delays and mitigating risks. Updating the risk log is a proactive measure to document the issue and its potential implications, which should then be communicated to the client during the risk management meeting. This approach aligns with best practices in project risk management, where timely communication and documentation are key to effective risk handling.

References: = The information is based on the principles of project risk management as outlined in the PMBOK® Guide and the Professional in Business Analysis (PMI-PBA) reference materials, which emphasize the importance of learning from past projects and maintaining accurate and up-to-date risk documentation1234.

• Predictive:
• Agile:

The predictive project approach, often referred to as the waterfall model, is characterized by its sequential phase-to-phase development where requirements and planning are done up-front. In contrast, the agile approach is iterative and incremental, with requirements and solutions evolving through collaboration between self-organizing cross-functional teams.

In the predictive approach:

• Requirements are detailed early in the project and changes are managed through a formal process.
• Changes are not expected to be frequent and are carefully managed.
• Risk and Cost are analyzed and assessed as part of the initial planning.
• Key Stakeholders are identified and their needs are addressed through detailed planning.

In the agile approach:

• Requirements are often co-created with stakeholders and can evolve as the project progresses.
• Changes are expected and embraced as part of the methodology to adapt to evolving needs.
• Risk and Cost are managed in real-time, allowing for quick responses to change.
• Key Stakeholders are engaged continuously, with their feedback incorporated into the project iteratively.

References: The PMBOK® Guide1 and the Agile Practice Guide provide a framework for understanding these approaches. The PMP Examination Content Outline2 also details the differences between predictive and agile methodologies, emphasizing the importance of choosing the right approach based on the project’s needs and environment.

According to best practices in project management, it is essential for the project manager to enforce the terms of the contract. If the updated schedule is a condition for milestone payment, the subcontractor is obligated to provide it, regardless of any verbal agreements with the client. The project manager should inform the subcontractor that in order to comply with the contract and process the payment, the updated schedule must be submitted. This ensures that all contractual obligations are met and that there is a clear record of the work completed, which is necessary for project tracking, reporting, and auditing purposes.

References: The answer is verified based on the principles found within the PMBOK® Guide and the standards of project management as outlined by the Project Management Institute (PMI). The PMBOK® Guide emphasizes the importance of contract management and the need for proper documentation and adherence to agreed-upon project schedules. Additionally, the Professional in Business Analysis (PMI-PBA) materials highlight the significance of maintaining accurate records and documentation for business analysis and project management activities.

In a global project team, when requests outside the defined scope for a local team are received, it is important for the project manager to evaluate and understand the cause of the conflict. This involves analyzing why the requests are being directed to the local team instead of the global team and determining if there is a misunderstanding or miscommunication regarding the division of scope. By doing so, the project manager can address the root cause of the issue and work towards a resolution that aligns with the project’s defined scope and responsibilities12.

References:

• “Managing Globally Distributed Teams” - Project Management Institute1.
• “Managing distributed project teams” - Project Management Institute2.