PMP Questions ID 4258 you are a project manager for dakota software consulting services you re working with a major re

You are a project manager for Dakota Software Consulting Services. You're working with a major retailer that offers online and in retail stores. You're using a performance review to examine elements such as actual start and end dates for schedule activities. You also used SV and SPI calculations to determine the impact of schedule variations, which are more than the stakeholders will tolerate. Rumors have started and stakeholders have heard there might be a schedule delay. They've asked for a full report on the situation. Which of the following are true regarding this scenario?

Select two

You should ensure you know the facts about the schedule variances and how much the schedule might be delayed before reporting anything to the stakeholders.

Examine float variances because the activities with the least amount of float have the potential to cause the biggest schedule delays.

Delays to the critical path tasks may cause delays to the project completion date, so examine any variances in ascending order of critical path tasks.

You should act as quickly as possible to implement corrective actions so that the schedule is brought back in line with the plan and delays are reduced as far as possible.

You are a project manager for a manufacturing firm that produces Civil War–era replicas and memorabilia. You discover a design error during a test production run on your latest project. Time is a critical constraint on this project. The stakeholders are anxious to get this new product to market and their bonuses are on the line if this project doesn't come in on time. Which of the following is the most likely response to this problem?

Select one

Reduce the technical requirements so that the error is no longer valid.

Go forward with production and ignore the error.

Go forward with production, but inform the customer of the problem.

Develop alternative solutions to address the error.

You work for a small software development firm and use agile methodologies on all your projects. You learned that your company is being bought out by a larger company. The good news is that everyone on staff will retain their jobs with the new company, but your existing company will cease to exist. You are managing several projects that will be impacted by this. Which of the following are true regarding this?

Select three

Your organization is undergoing an acquisition.

You should assess and prioritize the impact of these changes to the projects and develop recommendations and action items and communicate them to the new management team.

Your organization is undergoing a merger.

This is a type of external business environment change.

You are in the Monitor Risks process and are reviewing the risk register and notice something strange. A risk that was designated as low-low in the Planning phase of the project has suddenly become a high risk. There is no response plan for this risk because of its original ranking. Which of the following should be the first action you take out of all the options listed?

Select one

You should inform the risk auditors what happened with this risk so they can include an evaluation in their next risk audit.

You should conduct testing and a product evaluation to determine whether the objectives will be met and whether variances were caused as part of this risk.

You should perform a reserve analysis to ensure there are enough reserves to cover this risk.

You should calculate a forecast to determine whether the future project performance will be impacted by this risk.

You are using a process to measure the quality results over time. You are reviewing this graphic at your status meeting and explain that this information is based on sample variance measurements. Your measurements are within two standard deviations. Which of the following options are true?

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