PMP Questions ID 2535 a new recently released technology can speed up the development tasks on an ongoing project by 3

A new, recently released technology can speed up the development tasks on an ongoing project by 30 percent. The team is eager to use this new technology, but identifies the risk that issues may arise due to a lack of knowledge and support. How can the project manager and the team decide if the project benefits by using this technology?

Select one

Perform a sensitivity analysis to determine the potential impact on project outcome.

Perform quantitative risk analysis and reject the technology if the risk ranks in the top 10.

Review the risk management plan to determine if the new technology is an unnecessary risk.

Use the expected monetary value (EMV) technique and use the technology if the EMV is positive.

During project initiation, the project manager performed a cost-benefit analysis that resulted in 0.6. What should the project manager do next?

Select one

Review the results with the project sponsor to confirm the project's feasibility.

Consult with stakeholders about project approval.

Consult experts, look for options, and re-perform the analysis.

Examine reports to determine if the project should start or be rejected.

A project manager is alternating between two projects with tight deadlines. They are determined to collect lessons learned from both projects, despite having limited time to do so. How should the project manager collect the lessons learned?

Select one

Document them as each project finishes.

Document them routinely, starting from the initiation phase.

Request assistance from the knowledge management department.

Archive all minutes from project meetings.

A project manager is conducting a risk analysis based on high-level scope. If expert judgment is being used, what document is being prepared?

During which of the following project processes do key stakeholders engage with the project for the first time?

Select one

Develop Project Charter

Identify Stakeholders

Collect Requirements

Plan Stakeholder Engagement

New PMP Question & Answers with explanation