PMP Questions ID 1708 at the beginning of the project a project manager realized that the technical expertise of the t

At the beginning of the project, a project manager realized that the technical expertise of the team was limited, a risk to the project. Midway through the project, the project manager decided this was no longer a risk and considered it outdated. As part of which process would he do the risk reassessment?

Select one

Identify Risks

Perform Qualitative Risk Analysis

Monitor Risks

Perform Quantitative Risk Analysis

PMP Question No 1706 - All Domains

Sally, a project manager who is a PMP, discovered an error in the estimation of a project. A certain cost was double calculated; as a result, the budget, which is already approved, was now in excess by $25,000. She knows that publicizing this information may cause her to get a poor performance appraisal, since her company is meticulous about such matters. What should she do?

Select one

She does not need to do anything since this will have a positive impact on the project's spend and margins.

Since the excess funds won't be required, she can now use the funding to make additional investments for the project.

She should bring this to the notice of the appropriate stakeholders and have the necessary steps taken to decrease the budget.

She does not need to do anything since the budget is already approved. This situation is okay as long as the extra funds are not spent.

Answer

PMP Question No 1705 - All Domains

You are a business development manager at a mid-sized automobile manufacturing company. Recently, you were given a project to assess the feasibility of manufacturing light-duty trucks in a Southeast Asian country. To develop a cost estimate, you visit the country with a team of experts to analyze local resources such as power, labor, and real estate. After the visit, you discuss the findings with an automobile manufacturing consultant. The consultant notes that the local laws and government bureaucracy typically make foreign investors spend more than a year obtaining all necessary permits. To avoid these delays, the consultant advises giving a small amount of company stock to the son of the country’s president. In return, the president’s son will personally expedite the issuing of all required permits. What should you do?

Select one

Add the opportunity costs associated with the year delay in getting permitted without local assistance.

Notify your company that a bribe is necessary to avoid lengthy delays in permitting.

Facilitate a meeting with the president’s son and your managing director to finalize the details of the stock for services arrangement.

Determine the legality of the proposed exchange of stock for permitting assistance.

Answer

PMP Question No 1704 - All Domains

You are two days late on reporting the status for a project you are managing. The status report indicates that the project is lagging behind schedule. During the current week, you are confident of making up some of the lost time. How should you report project status?

Select one

Since the status report is already due, do nothing. Send out the status report next week when the project is back on track.

Send out a status report to all stakeholders indicating that the project is on track. Once this week goes by, things will be fine, and the status reports will be back to normal.

Since the status report is already two days overdue, you may communicate to stakeholders that you will send a consolidated status report next week. In this manner, you can avoid being untruthful or falsifying reports.

You should report project status exactly as it is. You may also mention that you expect to make up some of the lost ground but will truthfully represent current status.

Answer

PMP Question No 1697 - All Domains

The Code of Ethics and Professional Conduct has as its foundation four values identified by practitioners from the global project management community. They are:

Select one

Respect, fairness, transparency, and freedom

Responsibility, transparency, fairness, and honesty

Respect, freedom, honesty, and transparency

Responsibility, respect, fairness, and honesty

Answer

New PMP Question & Answers with explanation