Missed Questions 2

Question 1

A project team has just successfully completed development of an underwater exploration device, which has cost more than $US3 billion to deliver. The company immediately orders five more units to be delivered, but with a budget of $US1 billion. The stakeholders’ reason for the reduced budget was since the technology has been developed, the project can be funded for building costs primarily, with a small amount for troubleshooting or development work. The stakeholders’ priority is to recoup some financial value from the first project.

How should the team and the product owner approach this situation?

1. Explore with the stakeholders less risky ways to gain financial value from the first project.
2. Create a story map for the proposed development with the risks clearly accounted for in the work items.
3. Research the risk associated with the low budget for this work and present this to the stakeholders.
4. Include a feature that addresses the risk approach to this work.

Answer 1

Research the risk associated with the low budget for this work and present this to the stakeholders.

Explanation: Since the stakeholders’ priority is to recoup financial value from a previous project, their focus is on the money. You need to speak directly to them about the money, in this case how the low budget presents a risk that could create serious problems. Exploring other options will not address an additional risk inherent in this scenario—that of unrealistic stakeholder expectations. Both of these are part of the steward’s role in the project.

Question 2

A project manager has drafted a project management plan. While working with the stakeholders, the project manager observes that the key stakeholder’s priorities for the scope and schedule are vastly different from the priorities of all of the other stakeholders.

Key stakeholder - site upgrades and user improvements in a 9-month project schedule
Stakeholders F, K, and S - user improvements in a 3-month project schedule

Stakeholder A has openly stated that the broader scope and longer schedule are necessary for project success.

What should the project manager do first in order to get this project management plan approved?

1. Negotiate with all stakeholders until they agree to common scope and schedule baselines.
2. Proceed with the key stakeholder’s scope and schedule baselines.
3. Ask the key stakeholder to present data to support the business case for a longer schedule and broader scope.
4. Facilitate a meeting with all stakeholders to agree to the scope and schedule baselines.

Answer 2

Ask the key stakeholder to present data to support the business case for a longer schedule and broader scope.

Explanation: Asking the key stakeholder for data that supports the business case for a longer schedule and broader scope is the best choice here. Successful project outcomes support business objectives. If the key stakeholder can produce this information, then the others should agree or a negotiation can then take place. The key stakeholder’s point of view probably matters more than that of the others. However, even the key stakeholder’s point of view needs to be evaluated and verified with data before any action is taken.

Question 3

During the negotiations with a vendor, the buyer specifies that the vendor must provide weekly reports that include work performance data as well as work performance information. Which of the following is an example of work performance data. [Pick Two]

1. The amount of money spent to date
2. The number of hours of work (effort) that were more (or less) than expected
3. The variance between percentage of actual defective products versus the planned (expected) percentage of defective products
4. Whether the project received more (or fewer) change requests than expected.
5. The number of tasks completed

Answer 3

Answer: The amount of money spent to date
Explanation: This is an example of work performance data that provides raw numbers.

x The number of hours of work (effort) that were more (or less) than expected

Explanation: This is an example of work performance information. It provides context or meaning to the work performance data. The analysis of work performance data against actual measurements provides the foundation for work performance information.

x The variance between percentage of actual defective products versus the planned (expected) percentage of defective products

Explanation: This is an example of work performance information. It provides context or meaning to the work performance data. The analysis of work performance data against actual measurements provides the foundation for work performance information.

x Whether the project received more (or fewer) change requests than expected.

Explanation: This is an example of work performance information. It provides context or meaning to the work performance data. The analysis of work performance data against actual measurements provides the foundation for work performance information.

Answer: The number of tasks completed
Explanation: This is an example of work performance data that provides raw numbers.

Question 4

The project sponsor is not convinced that an agile track should be used in a new R&D project due to the need for certainty that specific features will be ready for mass production no later than a specific date.

How can agile methods ensure that the needs of the sponsor can be fulfilled in a hybrid project approach? [Pick Two]

1. Requirement priorities are confirmed at each iteration
2. Incremental development reduces risk of quality delays
3. A product roadmap can provide a detailed breakdown
4. Stories can be broken down into granular epics

Answer 4

Requirement priorities are confirmed at each iteration
Explanation: Valid agile methods to secure on-time delivery:
- backlog reprioritization at every sprint
- Impact mapping for feature-level view
- incremental testing secures progressive development

Distractors are wrong because roadmaps and epics are high-level, not detailed views

Incremental development reduces risk of quality delays
Explanation:Valid agile methods to secure on-time delivery:
- backlog reprioritization at every sprint
- Impact mapping for feature-level view
- incremental testing secures progressive development

Distractors are wrong because roadmaps and epics are high-level, not detailed views

Question 5

A project stakeholder has submitted a change request. At this point in the process, this step was just completed:

The project manager ensures that a controlled deliverable is affected by the change request.

What is the next step of the change request process?

1. The project manager routes the impact statement to the appropriate individual(s) (perhaps, the project manager himself/herself) for review.
2. The change is approved or denied.
3. The project manager ensures the request passes the preliminary filter (e.g., request is complete; not a duplicate; applicable to the project).
4. The project manager prepares an impact statement for the change request.

Answer 5

The project manager prepares an impact statement for the change request.

Explanation: This is the correct next step, according to the PMI manual on PMP exam preparation.

Question 6

A company is contracted to manufacture oil storage tanks for a construction project. According to the latest project report, the tanks are missing a venting system, as required by international industry standards. The project manager seeks advice from the company’s operations supervisor, who states that this will have an adverse effect on the quality of the product.

What should the project manager do to correct the situation?

1. Allow the vendor to complete the construction and the owner to fix the issue after the product is delivered.
2. Empower the team to create a makeshift venting system that meets the standards.
3. Initiate a change request with justification for the design of a venting system for the tank.
4. Alert the vendor about the flawed design and insist they fix it as it was in scope of their contract.

Answer 6

Initiate a change request with justification for the design of a venting system for the tank.

Explanation: Because this is a serious design flaw that impacts product quality and project success, it must be rectified. The best approach is to obtain change request approval for the execution of the missing work.

Question 7

A project stakeholder has submitted a change request. At this point in the process, this is the step that was just completed:

The project manager logs the change request.

What is the next step of the change request process?

1. The project manager prepares an impact statement for the change request.
2. The project manager routes the impact statement to the appropriate individual(s) (perhaps, the project manager himself/herself) for review, approval, or rejection.
3. The project manager ensures the request passes the preliminary filter (e.g., request is complete; not a duplicate; applicable to the project).
4. The project manager ensures that a controlled deliverable is affected by the change request.

Answer 7

The project manager ensures the request passes the preliminary filter (e.g., request is complete; not a duplicate; applicable to the project).

Explanation: This is the correct next step, according to the PMI manual on PMP exam preparation.

Question 8

An important change is requested at the end of a project. While this change is needed to solve an urgent issue that could affect business continuity, it will extend the schedule and increase the cost.

What should the project manager do next?

1. Reject the change.
2. Communicate the impact on the budget and schedule.
3. Submit a change request.
4. Implement the change.

Answer 8

Submit a change request.

Explanation: The Project manager must follow the agreed up policies and procedures

Question 9

In general, who can submit change requests?

1. The sponsor
2. Junior project team members
3. The project manager
4. All the other answers

Answer 9

All the other answers

Explanation: In general, any stakeholder can submit a change request, though organizational policy may limit this process to certain individuals.

Question 10

A project stakeholder has submitted a change request. At this point in the process, this step was just completed:

The change is approved.

What is the next step of the change request process?

1. The approved change is communicated to the relevant individuals.
2. The change request is closed.
3. The approved change is executed.
4. The project manager prepares an impact statement for the change request.

Answer 10

The approved change is communicated to the relevant individuals.

Explanation: This is the correct next step, according to the PMI manual on PMP exam preparation.

Question 11

A project is started based on the approved scope.

As the project design is being implemented, a team member says that the product will not meet the requirements in certain situations. Correcting the issue will not only cause an increase in scope and costs, but the project will also miss the deadline.

The project sponsors do not have additional funding to support the project.

Considering this information, what should the project manager do?

1. Resolve the issue to satisfy the customer.
2. Conduct a risk analysis and update the project sponsor.
3. Contact the customer and negotiate for risk acceptance.
4. Enact the Perform Integrated Change Control process.

Answer 11

Conduct a risk analysis and update the project sponsor.

Explanation: The Risk Register exists for the project team and stakeholders to understand potential problems with the project. Since the team member may not have all the answers, it is necessary to first perform a full risk analysis and update the project sponsor before making any decisions.

Question 12

During the final stages of a project, an issue with equipment provided by a subcontractor is identified. After conducting an impact analysis, what document should the project manager consult to determine how to address this issue?

1. Procurement process manual
2. Communications management plan
3. Vendor contract
4. Change management plan

Answer 12

Change management plan

Explanation: If the impact analysis supports a change to the project, then the change management plan should be consulted.

Source: PMI®. This question was formerly on the PMP® exam.

Question 13

A project stakeholder has submitted a change request. At this point in the process, this step was just completed:

The project manager ensures the request passes the preliminary filter (e.g., request is complete; not a duplicate; applicable to the project).

What is the next step of the change request process?

1. The project manager ensures that a controlled deliverable is affected by the change request.
2. The project manager prepares an impact statement for the change request.
3. The change is approved or denied.
4. The project manager routes the impact statement to the appropriate individual(s) (perhaps, the project manager himself/herself) for review.

Answer 13

The project manager ensures that a controlled deliverable is affected by the change request.

Explanation: This is the correct next step, according to the PMI manual on PMP exam preparation.

Question 14

During project implementation, a functional manager asks to include additional functionality that will benefit the customer. What should the project manager do?

1. Submit the request to the change control board (CCB).
2. Engage the stakeholders to obtain their agreement.
3. Refer the request to the project sponsor and the steering committee.
4. Immediately implement the change to satisfy the customer.

Answer 14

Submit the request to the change control board (CCB).

Explanation: The scope management plan establishes how the scope will be defined, developed, monitored, controlled, and validated. Any changes to scope must be processed through the agreed-upon process of change control.

Source: PMI®. This question was formerly on the PMP® exam.

Question 15

The project manager and other stakeholders are reviewing the project risks related to creating a new product. They are concerned that performing a marketing activity on the project will not achieve the desired business results of generating interest in the new product. A marketing firm offers a guarantee of attracting at least 10,000 visitors to the company website per month, or they do not charge for this service. What is the most likely type of risk response associated with this guarantee?

1. Exploit
2. Enhance
3. Mitigate
4. Transfer

Answer 15

Transfer

Explanation: A transfer strategy shifts the risk and the responsibility for the response to a third party. It often takes the form of guarantees, insurance, warranties, and experienced contractors.

Question 16

A client has asked a vendor to perform a large amount of work on an upcoming project. The project manager and subject matter experts feel that their current employees lack the experience to perform a portion of the work correctly. The project manager is given permission to hire three individuals with extensive backgrounds related to this risky portion of work. It’s assumed that this will completely eliminate the risk. What is the most likely type of risk response associated with this approach?

1. Mitigate
2. Avoid
3. Enhance
4. Transfer

Answer 16

Avoid

Explanation: An avoid strategy eliminates the risk or changes the jeopardized objective. As the scenario states it will “completely eliminate the risk”; thus it’s an avoid strategy.

Question 17

The project manager is reading several emails from the key team members. Which of the following statements is the least likely to be considered a risk? [Pick Two]

1. The owner of the bakery travels extensively and unexpectedly. It’s possible the owner may not be available to make key decisions.
2. The lead architect has been offered a job by a competitor.
3. The most experienced packing and delivery crew are currently assigned to a different project. However, they might be available to assist with the bakery relocation project.
4. The new location is 500,000 square feet, and the vendor organization is responsible for all construction in this facility.
5. The cost of lumber has increased by 20% due to great increases in the cost of fuel.

Answer 17

The new location is 500,000 square feet, and the vendor organization is responsible for all construction in this facility.

Explanation: As stated, this is a high-level description of part of the project scope. There is no indication that this potentially helps or hinders the successful execution of the project.

The cost of lumber has increased by 20% due to great increases in the cost of fuel.

Explanation: This is a fact at this point. Thus, it’s an issue. Had this possibility been identified earlier, it would have been considered a risk.

Question 18

A project sponsor is risk averse and is therefore concerned about negative impacts on the project. To help with this concern, the project team identifies four project risks and then evaluates both the probability of occurrence and the impact of the risk if it occurs. The team uses a 1-5 scale, 1 being the lowest and 5 being the highest.

Risk Probability Impact
A 2 5
B 4 3
C 3 2
D 2 4

Based on the table, in what order should the project manager rank these risks for risk management purposes?

1. C, D, A, B
2. B, A, D, C
3. B, C, A, D
4. D, A, C, B

Answer 18

B, A, D, C

Explanation: Risk severity is the product of probability and impact; the higher the product, the higher the risk is rated.

Source: PMI®. This question was formerly on the PMP® exam.

Question 19

A project manager works for a company that is preparing to develop a new product. The new product will require currently unavailable skills.

To initiate this project, what should the project manager do?

1. Develop a competitor analysis.
2. Focus on quality control.
3. Develop detailed project requirements.
4. Document the risk in the project charter.

Answer 19

Document the risk in the project charter.
Explanation: If you plan to deliver a product and do not possess the skills required, this is a risk. The risk should be documented in the project charter so its impact can be analyzed before project initiation.

Question 20

A project team is performing above service levels, and there have not yet been any issues. However, there are concerns about whether or not this level of performance is sustainable.

What should the project manager update?

1. Project team assignments
2. Performance reviews
3. Issue log
4. Risk register

Answer 20

Risk register

Explanation: If there is a risk to the ability of the team to sustain their level of performance, this needs to be captured in the risk register.

Source: PMI®. This question was formerly on the PMP® exam.

Question 21

What is the best description of the purpose of project risk management?

1. An uncertain event or condition that can impact one or more project objectives (e.g. scope, schedule) in a positive or negative manner.
2. Identifying, analyzing, responding to, and controlling uncertainty.
3. Deciding whether or not to purchase insurance to reduce an organization’s exposure to undesirable threats.
4. Responding to problems to bring the project back in line with established baselines.

Answer 21

Identifying, analyzing, responding to, and controlling uncertainty.

Explanation: Risks that occur can impact the project in a positive or negative manner.

Question 22

The team has identified the risk, “on-the-job injuries”. The customer decides to send all project staff through a safety training program to reduce the likelihood of injuries. What is the BEST description of this risk?

1. It’s a secondary risk
2. It’s a residual risk.
3. It’s an exploited risk.
4. It’s a categorized risk.

Answer 22

It’s a categorized risk.
Explanation: This is an intentionally vague answer.

Question 23

The project requires the development of a human resources information system (HRIS) to centrally manage human resources and payroll. The project sponsor is a multinational company.

The Project Manager reviews historical data on the company’s human resources practices and considers the regulatory framework of the project. Still, there are concerns about project risks.

What should the Project Manager do in response to these concerns?

1. Log high-level project risks.
2. Calculate and quantify project risks.
3. Engage in regular risk reviews.
4. Formulate a risk mitigation plan.

Answer 23

Log high-level project risks.

Explanation: Logging and then analyzing high level project risks based off of Lessons Learned from previous initiatives is a great way to set a basis for the project.

Question 24

The very experienced team for a highly-technical engineering project have evaluated all risks using qualitative techniques. Then, they analyzed the top 10 highest project threats (risks) using a quantitative method. Based on their findings, they identify risk response strategies (activities) for those 10 risks that should minimize their probability or impact. What’s the best activity for the highly-experienced team to perform next?

1. Identify the risks that threaten the project objectives.
2. Perform a qualitative risk analysis for those risks.
3. Perform another quantitative risk analysis for those risks that factors in the response strategies (activities).
4. Begin implementing planned risk responses if these risks become issues.

Answer 24

Perform another quantitative risk analysis for those risks that factors in the response strategies (activities).

Explanation: Performing another quantitative analysis will help the team determine whether their suggested risk response strategies will adequately address the risks on project objectives to bring them to an acceptable level.

Question 25

The client has offered the vendor a substantial bonus and future work if the vendor can complete the project by a certain deadline date. The vendor decides to assign more employees, as well as several of their best employees, to the project. This guarantees that the work will be completed by the deadline. What is the most likely type of risk response associated with this approach?

1. Accept
2. Avoid
3. Exploit
4. Share

Answer 25

Exploit

Explanation: An exploit strategy ensures the opportunities (bonus and future work) occur. According to the scenario, using more workers and the best workers “guarantees” they succeed.

Question 26

The project manager and the team have identified 40 project risks, analyzed them according to probability and severity, and responded to each one of them with applicable strategies. What best practice was missing from this approach?

1. Analyzing the risks before (not after) identifying the risks.
2. Including the project team (in other words, the team should not have been included in these activities/processes).
3. Obtaining the input of other relevant stakeholders.
4. Performing a quantitative risk analysis on all the risks.

Answer 26

Obtaining the input of other relevant stakeholders.

Explanation: Though the project manager and the team can generate a good list of risks, other stakeholders, such as the customer, sponsor, users, and even vendors, can provide insights into risks that can jeopardize project success.

Question 27

Which of the following statements is correct regarding the risk response strategy “enhance”? [Pick Two]

1. It’s generally good for less critical risks.
2. It should be considered when the seller possesses capabilities the buyer does not, which reduces the threat.
3. It is generally good for high impact threats (risks).
4. It increases the probability and/or the impact of the opportunity.
5. After being enhanced, the risk is a residual risk.

Answer 27

It increases the probability and/or the impact of the opportunity.

Explanation: This is correct, as stated.

After being enhanced, the risk is a residual risk.

Explanation: A residual risk is one that remains on the risk register after implementing risk response strategies. An enhanced risk is not a certainty so it remains on the list.

Question 28

A team member has taken an unplanned leave during the execution of a project. In response, the project team rescheduled some tasks. The result is that critical activities are now occurring at the same time.

What is the first thing that the Project Manager should do?

1. Mitigate risks by reverting to the original schedule.
2. Assess the newly introduced risks with the project team.
3. Identify suitable responses for the newly introduced risks.
4. Revise the risk register and then rank the project’s risks.

Answer 28

Assess the newly introduced risks with the project team.

Explanation: The PM and the project team should evaluate the newly discovered risk. PM should also update the risk register, analyze and prioritize the risk and plan the response.

Question 29

The project manager is working with both internal and external subject matter experts to qualitatively evaluate each project risk. Which is the most likely document the team would update with the information they learn? [Pick Two]

1. The tornado diagram
2. The risk management plan
3. The risk register
4. The risk report
5. The project charter

Answer 29

The risk register

Explanation: During the process Perform Qualitative Risk Analysis, the risk register will be updated to reflect the probabilities, severities, and perhaps other information.

The risk report

Explanation: During the process Perform Qualitative Risk Analysis, the risk register will be updated to summarize the outcomes of this process, such as providing the number of risks in each category, how efficiently the team performed the process, etc.

Question 30

The project manager just rated the last risk in the risk register using the qualitative categories of probability and severity. What would the team most likely do next?

1. Monitor the risks and implement applicable response strategies
2. Sort the risks according to significance (rating/score)
3. Craft appropriate risk responses for each risk
4. Analyze the risk quantitatively

Answer 30

Sort the risks according to significance (rating/score)

Explanation: Sorting the risks from most significant to least significant enables the team to determine which ones should be analyzed quantitatively (if any) as well as to craft effective risk response strategies for the most significant ones first.

Question 31

Which of the following statements is correct regarding the risk response strategy “exploit”? [Pick Two]

1. It is generally good for high impact threats (risks).
2. It shifts the risk and the responsibility for the response to a third party.
3. It’s most effective for financial exposure risks.
4. It ensures the opportunity occurs.
5. After being exploited, the risk is not a residual risk.

Answer 31

It ensures the opportunity occurs.

Explanation: This is correct, as stated.

After being exploited, the risk is not a residual risk.

Explanation: A residual risk is one that remains on the risk register after implementing risk response strategies. An exploited risk is eliminated (as it’s guaranteed to occur).

Question 32

oth the project sponsor and project team assure a Project Manager that the new project has a realistic schedule and an adequate budget. The Project Manager worries that unplanned events could threaten the project’s success.

How should the Project Manager respond to this concern?

1. Review the original project plan and focus on completing the plan on schedule.
2. Schedule a meeting with the functional manager to address the potential impact of unplanned risks.
3. List and assess any project risks.
4. Ask for additional funding to cover project planning.

Answer 32

List and assess any project risks.
Explanation: The Project Manager needs to be proactive and work with the team to identify risks and their mitigation strategies.

Question 33

A new project manager begins work on a project started last year to renovate a busy airport terminal. Even though the project uses a hybrid development approach—making incremental updates to the terminal—it has encountered many issues, especially creating conflicts with airport operations. The new project manager asks the project team about how they typically handle problems and risks, but no one has a clear answer.

What should the project manager do first?

1. Update the risk management plan.
2. Start to identify potential risks.
3. Switch to a predictive approach for better risk management.
4. Modify the risk register.

Answer 33

Update the risk management plan.

Explanation: The best approach here is to update the risk management plan that should already be in place. The issues on this project are evident because the risk management plan is not updated. Using a predictive approach does not guarantee better risk management. The project is already using a hybrid approach, so a risk management plan should have been in place and continuously updated. After the plan is updated, the risk register can be modified.

Question 34

After the start of a project, the Project Manager learns that an expected governmental subsidy may not be available.

What should the Project Manager do to address this issue?

1. Make up any project deficit using the contingency reserve.
2. Make a change request.
3. Make sure that the information is added to the issue log.
4. Log the risk.

Answer 34

Log the risk.

Explanation: While this is not an issue yet, it is a risk that should be entered in the risk log and managed appropriately.

Question 35

An approved change was implemented to manage risk. Three months later, the Project Manager finds that the change did not yield the desired result. In fact, the change led to adverse consequences.

What should the Project Manager do to avoid this issue in the future?

1. Confirm that an implemented risk response is effective.
2. Update the risk information to the lessons learned register.
3. Evaluate new risks, and update the probability and impact matrix.
4. Review the assumption log to revisit or change current assumptions.

Answer 35

Confirm that an implemented risk response is effective.

Explanation: Project work should be continuously monitored for new, changing, and outdated individual project risks and for changes in the level of overall project risk by applying the Monitor Risks process. The Monitor Risks process uses performance information generated during project execution to determine if the response was effective.

Question 36

An agile project team is using scrum methods. A previously unidentified risk has occurred and threatens the current release.

What should the scrum master do?

A. Stop project work until the risk is assessed and analyzed.
B. Bring the issue up during the next standup meeting.
C. Engage the team to facilitate a workaround.
D. Collaborate with stakeholders and the project team to develop a risk
response.

Answer 36

C. Engage the team to facilitate a workaround.

Feedback

This risk, once it occurs, is no longer a risk—it is an issue that requires action. In an agile environment, the team lead, in this case a scrum master, facilitates the selforganizing team to take action and find a solution. The team should discuss the issue during the next standup meeting for awareness, but this is only the first step in problem solving. Since this issue is both from an unidentified risk and poses a serious threat, it requires action first.

Question 37

The cost of an acquired item for the project may be measured in the following manners:
(Choose three.)

A. When the order is placed
B. When the item is made
o C. When the purchase decision is made
D. When the item is received

Answer 37

A. When the order is placed
C. When the purchase decision is made
D. When the item is received

Feedback

Organizations decide to account for acquired items when the decision to purchase is made, or when the order is placed, or when the item is received, but not when the item is made.

Question 38

Preparing the end users, the resources, the business for the deployment of the project’s outcome is the responsibility of:

A. The associate manager
B. The project team
C. The project coordinator
D. The end users

Answer 38

B. The project team

Question 39

In order to advance organizational knowledge and achieve project’s objectives, knowledge has to be managed. One of the most effective ways to achieve that is:

A. Documenting knowledge
B. Creating an environment of trust
C. Documenting lessons learned at the end of the project
D. Understanding the differences between implicit and explicit knowledge

Answer 39

B. Creating an environment of trust

Feedback

Documenting knowledge contributes to that but it’s not enough. Creating an environment of trust encourages knowledge sharing.

Question 40

You are the project manager on a project to import a special herbal product from the Asian rim. You are observing project performance, collecting and measuring project performance, and identifying areas that require special attention. You are developing, among other things:

A. Work performance data
B. Recommended corrective actions
C. Assumption log
D. EEFS

Answer 40

B. Recommended corrective actions

Question 41

Your team is working on a new product and decide to deliver something to your customers to find out if they will use it to satisfy a need. You will deliver:

A. A minimum marketable product (MMP)
B. A minimum value product (MVP)
C. A minimum deliverable product (MDP)
D. A minimum viable product (MVP)

Answer 41

D. A minimum viable product (MVP)

Feedback

Am MVP (Minimum Viable Product) allows the collection of info about the viability and usefulness of a product.

Question 42

In a Sprint review, the team presents their work to:

A. The product owner and key stakeholders
B. The product sponsor
C. The product owner
D. The Scrum team

Answer 42

A. The product owner and key stakeholders

Feedback

The work is presented to the PO and key stakeholders

Question 43

The product owner is accountable for product backlog management which includes the following: (Choose three.)

A. Developing the product goal
B. Ordering product backlog items
C. Facilitating stakeholder collaboration
D. Ensuring product backlog transparency
E. Reviewing the product at the retrospective

Answer 43

A. Developing the product goal
B. Ordering product backlog items
D. Ensuring product backlog transparency

Feedback

Facilitating stakeholder collaboration is the responsibility of the Scrum Master.

Question 44

The lean philosophy consists of eliminating or reducing non-value added activities. It’s based on seven principles that include: (Choose three.)

A. Inspect everything
B. Build integrity
C. Amplify learning
D. See the whole

Answer 44

B. Build integrity
C. Amplify learning
D. See the whole

Question 45

You are a project manager responsible for the construction of a new family home. You discover that you need some extra equipment. You can purchase the equipment for $7,500 with $50 per day maintenance, or you can rent it for $125 per day. What is the maximum length of time you would want to rent this equipment before considering buying it?

A. 50 days
B. 125 days
C. 100 days
D. 75 days

Answer 45

C. 100 days

Feedback

($ per day) X (number of days) = Purchase price + (maintenance fee per day X number of days)

Question 46

You have been asked to ensure that various elements of a project to construct a new airport are properly coordinated. You must address the needs of various stakeholders, identify requirements and manage constraints. Project governance requires:

A. Defining unique processes for each project to ensure success
B. Determining the cost and time estimates for the project
C. Defining the project’s main milestones
D. Aligning the project stakeholder needs or objectives

Answer 46

D. Aligning the project stakeholder needs or objectives

Feedback

Governance Definition

Question 47

You have completed a forward and backward pass through your network diagram and have identified the earliest and latest dates for your tasks. Based on the table below, how many weeks can you afford to be late in task E before you will impact the project duration?

A. Any number of weeks, it’s not a critical task
B. Up to four weeks
C. Up to five weeks
D. Zero weeks, it’s a critical task

Answer 47

C. Up to five weeks

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Slack = LF -EF

Question 48

The management control point, or tool, where the project scope, budget, actual cost, and schedule are integrated and compared to the project’s earned value is a:

A. Component
B. Work package
C. Control account
D. Cost account

Answer 48

C. Control account

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Definition

Question 49

You are a project manager for Nationwide Sporting Goods Manufacturing. You are taking over a project from a previous project manager who was a PMP certificate. You need to complete a WBS that was started by the previous manager. You would normally expect to review the following: (Choose three.)

A. The scope baseline
B. The scope management plan
C. The project scope statement
D. The project requirements
E. The precedence network diagram

Answer 49

B. The scope management plan
C. The project scope statement
D. The project requirements

Feedback

The scope baseline is the output of scope planning, it’s established after all the scope artifacts, including the WBS are finalized. The precedence network diagram is part of schedule, not scope management.

Question 50

Qualitative risk analysis does not include:

A. Risk sensitivity analysis
B. Risk data quality assessment
C. Risk categorization
D. Risk probability and impact

Answer 50

A. Risk sensitivity analysis

Feedback

Sensitivity analysis is a quantitative analysis technique