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New PMP Question & Answers with explanation

A project manager meets with the team to discuss how they will measure budget performance moving forward. What activity is the team engaged in?
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A project manager facilitates a meeting with the project team to review an assessment of risks recently completed. During this meeting, they evaluate options for responding to the risks. It is decided that two risks will not receive any action and that they will deal with the consequences at the time of occurrence, should they occur. What type of risk response is this?
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A project manager meets with the project sponsor for a weekly update. Company performance has been rocky, and the sponsor nervously asks what the chances are of the project coming to a successful closure. To date, the project has been on track and is nearing the end of Execution. How should the project manager respond?
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Yasmin is a project manager tasked with putting together the project charter for a project that will produce a new line of widgets for the company. After meeting with various key stakeholders, she sits down to draft the document. Yasmin is likely to include all of the following elements within the project charter except for which one?
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When is a project considered successful?
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