What action can a project manager do if the picked risk response strategy turns out not to be fully effective?

A project manager has just wrapped up a achieved project in an environment that implemented a streamlined hybrid approach to project delivery. Who wrote the project’s final report?

Project manager

The project manager is typically responsible for authoring the final report. The project’s final report contains a summary of what occurred on the project and may include information on scope, cost, schedule/burn down of work, risk, and quality outcomes.

Which one of the following characteristics do all project life cycles share?

Degree of planning

According to the Agile Practice Guide, all project life cycles share the element of planning. What differs across predictive, iterative, incremental, and Agile life cycles is the degree to which planning is done, and when.

Which of the following describes a definitive range of estimates?

−5 percent to +10 percent

According to the PMBOK® Guide, a definitive range of estimates is −5 percent to +10 percent.

A project manager has just closed out a procurement, which yielded the final deliverable of the project. What action the project manager is likely to do next?

Perform administrative closure

Since the scenario outlined that the final deliverable of the project was completed, it implies that closing activities would follow. Administrative closure, which occurs as part of activities such as ensuring that exit criteria have been met and contractual agreements were properly closed out, measuring stakeholder satisfaction, and ensuring that ongoing operational or sustainment activities are transferred to operations.

Which of the following project management Knowledge Areas include every team member and stakeholder on the project?

Project Communications Management

Project Communications Management involves every member of the project team, including all the stakeholders. Everyone involved in the project Project Resources involve all the human and physical resources assigned to the work of the project. Although all the folks working on the project are involved, only the project manager and perhaps a few others are involved in performing the processes within this Knowledge Area.

When is a project considered achieved?

When objectives are achieved and the stakeholder needs and expectations are met

A project is considered successful when it achieves its objectives and the stakeholder needs and expectations are met.

A risk manager united with the project manager to discuss the progress of the project. The risk manager expressed concerns about feedback received regarding the low likelihood that the team would gain their go-live date successfully. What activity is the project manager likely to do next?

Submit a change request in the form of preventive action.

Since an issue has not occurred as of yet, the project manager is likely to take preventive actions. Preventive actions are submitted through a change request, which is then evaluated and dispositioned through the project’s change control board.

A project manager is carrying out activities connected with the Manage Communications process. What outcome will these activities generate?

Ensuring timely and appropriate collection, distribution, and the ultimate disposition of project information

The Manage Communications process is concerned with ensuring timely and appropriate collection, creation, distribution, storage, retrieval, management, monitoring, and the ultimate disposition of project information.

According to the Project Management Institute (PMI)®, a good project manager should spend how much time communicating?

90 percent

According to PMI, a good project manager spends up to 90 percent of their time communicating. Communication skills are essential for a successful project manager.

Agile project management can best be represented as which of the following?

A method of managing projects in small, incremental portions of work that can be easily assigned, easily managed, and completed within a short period of time

Agile project management is a methodology that manages projects through iterations of work; it allows the team to quickly adapt to new requirements and allows for continual assessment of goals, deliverables, and functionality of the product, service, or result of the project.

Emma works as a project manager on a project that will require a specially engineered machine. Several producers can make the machine to the specifications Emma needs. She will take purchase price as the sole criterion for selecting from among the vendors. Which of the following is correct regarding this question?

Emma will include delivery and setup charges as part of the purchase price criterion.

When using price alone as a criterion for selection, there should be more than one vendor who can supply the goods or services you are procuring. However, that doesn’t mean you can’t use additional criteria for source selection. You should include costs such as delivery and setup in the purchase price criterion.

Which of the following shows a benefit of practicing an Agile approach to manage projects?

A project team can adjust processes in order to meet new or modified requirements.

Using an Agile approach, a project team can assess results and adjust processes to meet new or modified requirements.

A project manager discusses with the project sponsor for a weekly update. Company performance has been rocky, and the sponsor nervously asks what the chances are of the project upcoming to an accomplished closure. To date, the project has been on track and is nearing the end of Execution. How should the project manager react?

The likelihood of successful completion is high.

The chances for successful completion during the Executing phase are medium to high. Since the project is nearing the end of execution and is currently on track, the likelihood of success is high.

Which of the following does this question present?

This is statistical sampling, which is a tool and technique of the Control Quality process.

Statistical sampling involves taking a sample number of parts from the whole population and inspecting them to determine whether they fall within acceptable variances.

A product owner attends a session with the team and other key stakeholders to review an illustration of the deliverable generated. What is the frequency of this type of discussion when following an iteration-based Agile view?

At the end of the iteration

This question describes an iteration review meeting, which can go by other names such as sprint demo. The intent of the meeting is to review the working product to obtain feedback directly from the product owner and other key can be made. In iteration-based Agile, this meeting is held at the end of a sprint/iteration, whereas flow-based Agile encourages reviews to occur at least once every two weeks.

What action can a project manager do if the picked risk response strategy turns out not to be fully effective?

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