PMP Questions ID 4101 you are a project manager for laredo pioneer s traveling rodeo show you re heading up a small pr

You are a project manager for Laredo Pioneer's Traveling Rodeo Show. You're heading up a small project to promote a new line of souvenirs to be sold at the shows. You've held the kickoff meeting and are ready to begin creating the project management plan. You know that a kickoff meeting is important for which of the following reasons?

Select three

It ensures that policies, procedures, and standards used in the organization have been considered and discussed.

It communicates the start of the project and informs stakeholders of the project objectives and the business value the project will bring about.

It ensures that compliance and regulatory requirements are documented and discussed and will be included in the project scope statement.

It helps establish stakeholder engagement and commitment.

It ensures that a common understanding is established among stakeholders because the key milestones and key deliverables are identified.

Select one

Business value is delivered incrementally.

Adjustments or corrections can only be made at the end of the iteration.

This process is used in an agile project management methodology, allowing small, tangible results to be delivered at the end of each iteration.

Tasks can be completed quickly, tested, and shown to the customer in a short period of time.

Select one

Each iteration will produce enough features to examine business value.

Each iteration will provide an opportunity for feedback on future iterations.

The minimum viable product allows the customer to see or experience the business value that was created.

All the options are correct.

You are using an agile project management methodology to deliver business value. During each iteration, you and the team members are breaking down tasks into tangible components that have enough features and functionality to allow the customer to examine value and provide feedback to the team. Which of the following are true regarding this question when using a Scrum methodology?

Select two

The product owner will determine whether business value has been achieved.

The project team will manage and prioritize the product backlog and choose the user stories for the upcoming iteration that can be broken down to the minimum viable product.

The Scrum master will assist the team in breaking down the user stories and assign each team member tasks for the upcoming iteration.

You are creating the minimum viable product.

Your project requires contract resources with specific subject matter expertise to deliver business value. All of the following are true except which one?

Select one

The business value network is made up of external resources such as contractors, subject matter experts, suppliers, and delivery services.

Members of the value network work together to bring about business value to their customer, their organization, the end-user customer, and stakeholders.

It is the project manager's responsibility to ensure that the contractor understands the business value the project was created to bring about.

The contractor is a member of the business value network.

New PMP Question & Answers with explanation