New PMP Question & Answers with explanation

A multinational company initiates a project to develop a human resource information system (HRIS) to centrally manage human resource and payroll processes. So far, the project manager has considered the regulatory framework of the project and reviewed historical data on the company's human resource practices. The project manager is worried about project risks. What should the project manager do?
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A risk is identified during a project that was not anticipated during planning. How should the project manager respond to the risk?
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A company plans to deliver a new product that requires currently unavailable skills. On what should the project manager focus to initiate this project?
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Without considering all the implications, a project sponsor requires that the project team be composed of resources located in three locations in three different time zones. This is expected to save costs and provide the optimal project team. Where should this be reflected in the project charter?
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A project manager joins a project that has just started. The sponsor and project team assure the new project manager that the project has an adequate budget and realistic schedule. The project manager is concerned about unplanned events that could threaten the project's success. What should the project manager do?
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