New PMP Question & Answers with explanation
A government agency has awarded your company a massive software project. This project has an early completion incentive, and your company has a policy of paying a bonus to the project manager if such an incentive is awarded. However, this particular government agency has a reputation for being extremely difficult to work with; there is a great deal of bureaucracy within this agency, and stonewalling and hostility toward contractors are common. The project manager will need to have excellent political skills to lead this project successfully. You have been asked to lead the project because of your expertise with this type of project. However, you have never worked within such a highly charged and political environment. What should you do?
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You are managing an electronic chip design project for a customer. There are a number of engineers and subject matter experts from the customer’s organization that have been assigned as resources to the project plus several additional design engineers that your company has supplied. All the engineers were involved in the development of a prototype chip, an extremely time-consuming and expensive process. Upon the completion of the prototype, you submit it for review to ensure there are no patent infringement issues with the design. However, the review determines there are several issues that could result in an intellectual property dispute with the patent owners should the prototype design be released commercially. Resources from your company developed the affected prototype elements, as well as from your customer’s organization. What should you do?
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Midway through the Collect Requirements process, a project manager finds there are many unresolved issues regarding product requirements. Which of the following is usually the best way to discover and resolve issues?
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You are managing a project with more than 130 procurement contracts. Because of the number of contracts, your project team includes a procurement manager and a procurement assistant. Company policy requires that certain types of procurements be advertised to potential bidders by means of newspaper advertisements. The procurement assistant typically reviews the bids received and shortlists the suppliers for further review by the procurement team. During a meeting to review and select a vendor from the shortlisted suppliers, you discover that one of the suppliers is a company your cousin owns. Which of the following is your best course of action?
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Eric, a project manager, is a certified PMP. He is responding to an RFP from a buyer and needs to fill in details on his company’s financial performance. His company has performed poorly during the current quarter, and the results will be published in two to three days. However, the company has done very well in the previous quarters. The RFP is due in 10 days, and all the information in the RFP is complete except the financial information. What should Eric do?
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