A project manager has a meeting with a key set of experts within her project team. They convey concerns over a recent scope change that was submitted by the customer, because the project is deep into the execution stages of the project life cycle. Which of the following is a valid technique that can assist the project manager in dealing with the team’s concerns?

Which of the following describes characteristics of the Planning process group?

Stakeholder influence is high.

During the Planning phase of the project life cycle, stakeholder influence tends to be high, although it is highest during Initiating; costs, staffing, and chances for successful project completion tend to be low during Planning.

Select the contract types will you use?

CPFF

The cost plus fixed fee contract reimburses the seller for the allowable costs and includes a fixed fee for completing the project as outlined in the terms of the contract.

What issue is Kaylee referring to?

Project teams spend effort in identifying, analyzing, and developing responses for risks but do not manage them.

According to the PMBOK® Guide, project teams spend effort in identifying and analyzing risks and developing risk responses but then take no action in managing the risk.

There are 10 stakeholders within your project. As the project manager, you must therefore operate 45 communication channels. Two additional stakeholders have been added. How many more channels of communication must you communicate?

21

The addition of two stakeholders brought the total number of communication channels to 66. Remember that you must apply the formula for calculating communication channels, which is as follows:
n (n-1) ÷ 2
The question, however, asks how many more communication channels you will need to manage, meaning that you must now subtract the original number of channels from the new number of channels to get the answer (66 – 45). The answer is 21.

Select the value of this approach?

It delivers value incrementally.

The product manager is using an incremental approach to carry out the project. This method generates incremental value to the customer through its frequent delivery cadence, short and frequent feedback loops, and ability to reprioritize and adapt based on changing or clarified requirements.

Choose three principles listed in the Agile Manifesto?

Working software is the primary measure of progress.

Our highest priority is to satisfy the customer through early and continuous delivery of valuable software.

Simplicity—the art of maximizing the amount of work not done—is essential.

The Agile Manifesto for Software Development was published in 2001 by thought leaders in the software industry. The intent was to propose a new way of developing software. It consists of 12 principles and 4 key values.

Which of the following illustrates quality management issues escalated by the team, as well as recommendations for process, project, and product advancement?

Quality reports

Quality reports, an output of the Manage Quality process, typically include quality management issues escalated; recommendations for process, project, and product improvements; corrective actions recommendations; and summary of quality control findings.

A project manager discusses with the project team to estimate the duration of activities identified to date. The project sponsor recently instructed the project manager to present her with a duration estimate for the project that includes a high confidence level. What estimating technique is the project manager likely to practice, assuming that the necessary information is available?

Bottom-up estimating

Bottom-up estimating is carried out by obtaining individual estimates for each project activity and then adding all of them up together to activity and then adding all of them up together to come up with a total estimate for the work package or the project. It is generally an accurate means of estimating, although it’s more time-consuming and costly to perform.

What produces the greatest expenditure on most projects?

Resources

The greatest expense for most projects is resources, both human and material and supplies.

A project manager has facilitated the separation of work packages into activities. She next carries the team through several exercises to sequence the activities and determine what and how many resources will be needed to perform the work. Select the action that she is likely to do next?

Estimate how long each activity will take

The project manager has performed the Define Activities, Sequence Activities, and Estimate Activity Resources processes. Next, she is likely to perform the Estimate Activity Durations process to determine how long each activity will take.

Which of the following statements is correct?

Your resources are at various levels of Maslow’s Hierarchy of Needs.

The question describes two different levels of Maslow’s Hierarchy of Needs: social needs and self-esteem needs.

Select the likely reason for this pushback from the team?

They are accustomed to using an adaptive approach to managing projects.

Albert is attempting to manage the project using a predictive approach, which aims to identify the majority of requirements early on in the project’s life cycle. A technology startup environment, coupled with a high-uncertainty project, is likely to lean toward an adaptive approach to managing projects.

A project manager is likely to leverage the following techniques to operate stakeholder engagement except which one?

Decision-making

According to the PMBOK® Guide, a project manager is likely to leverage the following tools and techniques to manage stakeholder engagement: expert judgment, communication skills (feedback), interpersonal and team skills (conflict management, cultural awareness, negotiation, observation/conversation, political awareness), ground rules, and meetings. Decision-making, while valuable, is a tool and technique used to monitor stakeholder engagement.

Select the plan you should make

Project C

Payback period is the least precise of all cash flow calculations, so you shouldn’t give this a lot of consideration if NPV is positive and IRR is greater than 0. Since Project B and Project D both have a negative NPV, they shouldn’t be chosen. Project C has a higher IRR value than Project A and should be the project you choose, even though its payback period is longer than that of Project A.

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