PMP Questions ID 2584 during the design process for a mining plant the project team conducted a cost benefit analysis

During the design process for a mining plant, the project team conducted a cost-benefit analysis based on current commodity prices. However, during project work, commodity prices fluctuate tremendously. This risk was identified, but the team did not expect such major fluctuations. Now, the project may be unviable. What should the project manager do?

Select one

Issue a change request to cover the increased costs.

Perform a financial analysis based on the updated information.

Immediately escalate the issue to management and the stakeholders.

Work with the project team on a solution to make the project viable.

Midway through a project, a key project team member requests two months leave for personal matters. What should the project manager do first?

Select one

Negotiate with the functional manager for a replacement.

Ask this key team member if the leave can be postponed.

Evaluate the impact on the project.

Review the resource management plan.

During project execution, a functional manager identifies a new internal risk about the outsourcing team. The functional manager asks the project manager for a fast solution that will not negatively impact the project. What should the project manager do?

Select one

Develop a risk breakdown structure (RBS).

Implement the risk strategy.

Assess the risk in terms of severity of impact.

Use the change management plan.

An experienced project manager resigns, and a new project manager joins the team. During the initial assessment of project documentation, the new project manager discovers that the risk register has not been updated for the past month. What should the project manager do first?

Select one

Consult the risk management plan to determine how often the risk register must be updated.

Hold a meeting to identify and prioritize risks so that the risk register can be updated.

Update the risk register and inform the team of the changes.

Meet with the project team to monitor risks, then update the risk register.

A project manager learns that the customer's resources have not completed the required training. Since customer resource training is a required project deliverable, this poses a risk to the timely completion of the project. What should the project manager do?

Select one

Adjust the project schedule to account for the training delay.

Engage with the project stakeholders to address the risk.

Update the risk register, and discuss it at the next project status meeting.

Assign additional post-implementation support to mitigate the risk.

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