The project manager of an accounting firm has team members located across the globe for his latest high-tech project. The project will make use of cutting-edge technology that is not widely used yet. In this scenario, what is the key benefit to having a virtual team?

A project manager leading a multiphase construction project is beginning to perform the risk management processes. Because of the project’s complexity and the amount of money invested in the project, the project sponsor stressed the critical nature of managing risks. The project manager took this advice seriously and brought together a risk management team. Alongside the risk management team, the project manager worked on the development of the risk management plan. Which of the following is not likely to be covered within the risk management plan?

Immediately after a morning planning meeting, the project manager and the development lead hold an impromptu discussion about the schedule for a project they are working on. During their discussion they uncover that each thought a set of deliverables was going to be completed at different points in the schedule. In light of this new revelation, they agree to update the schedule and share the information with the rest of the team. What is the best type of communication to use when dealing with complex issues, such as this one?

You’ve derived cost estimates and allocated them to the activities of your project. You know that these estimates will be used to measure cost variances and performance throughout the remaining life of the project. The cost baseline has been established and becomes the expected cost of the project. Which process did you perform to arrive at the cost baseline?