PMP Practice Test practice questions, page 16 of 27, with answer review and explanations.
Question 76
To estimate the costs of a new project that is similar to a project that was implemented last year, the project manager meets with a group of experts from the previous project. The group uses a three-point estimating technique. The project manager submits the estimated budget to the project sponsor for approval. The project sponsor, who is new to the company, is concerned because the budget exceeded their expectations.What should the project manager do?
Review the organizational process assessment to determine if a contingency reserve was considered in the budget estimate
Review the historical information and lessons learned from last year’s project to justify the new budget estimate
Change the budgeting technique to a more accurate, bottom-up cost estimation
Use soft skills to convince the project sponsor to approve the new budget estimate
Question 77
The project manager is having difficulty obtaining approval of the project requirements because there is disagreement among the project stakeholders. This issue is putting the project schedule at risk.What should the project manager do first to facilitate the approval of project requirements?
Review the project charter
Perform a stakeholder analysis
Identify the source of the disagreement
Hold a team-building event
Question 78
An agile project is running its fifth iteration out of eight. After the last iteration planning the team was informed that there is a new competitor in the market, and it is necessary to move faster to ensure market share is not missed.What should the project manager do?
Add the competitor's functionalities to the product backlog to improve the product
Ask the sponsor to add more people to the team
Help the team to find a new approach to launch the product as soon as possible
Ask the team to increase the velocity to launch the product as soon as possible
Question 79
A project manager is implementing a new software system. Some department staff members are questioning the necessity of the change and feel the new system will impede their current processes.What should the project manager have done at the start of the project to prevent this resistance?
Created a communications management plan that outlined the method of communicating to stakeholders
Ensured that the company culture encourages changes before accepting the project
Encouraged leadership to discuss the change with departments that are typically resistant to change
Involved stakeholders from all levels of the company so everyone understands the change
Question 80
One of a project manager’s team members is continuously improving. This team member has been a role model and mentor to others in the organization.How should the project manager acknowledge this team member’s commitment?
Send this person to a meeting to negotiate the scope with the client
Appreciate this team member’s performance throughout the project life cycle
Promote this team member to a coaching role after this project is completed
Document it in the team member’s end of year performance review