Online Access Free PMI.PMP.v2022-06-17.q478 Practice Test (Page 34)

PMP Exam Question 161

One of the service providers on a complex project has been facing resource availability problems over the last six months. However, the service provider has assured the project manager that the deliverables will be on time.
How should the project manager address this situation?

A.Perform a qualitative risk analysis.

B.Update the issue log.

C.Perform a root cause analysis.

D.Implement a risk response plan.

PMP Exam Question 162

A project manager has begun a complex oil refinery project. Although the project is in the initiation phase, the sponsor keeps asking for concrete dates for the most important project milestones.
When will the project manager be able to provide the requested information?

A.As soon as possible, as project delays can be significantly avoided when a schedule is developed early

B.In the initiation process, as it happens concurrently with the project contract and project charter creation

C.Close to the end of the project, as the forecasts will be more accurate and most risks will already be mitigated

D.During the planning phase, when processes for scope definition and activity duration and sequencing will be performed

PMP Exam Question 163

A project team member has lost enthusiasm and is experiencing low morale for a project they were once excited about. What should the project manager do?

A.Have the team member transferred to another project and add other resources to the project.

B.Escalate the issue to the team member's functional manager and request a response as soon as possible.

C.Meet with the team member to understand what the issues are and to provide support.

D.Leverage other team members who are contributing and making the project a success.

PMP Exam Question 164

A large construction project is progressing well as per the project objectives. The project manager would like to report the project's value to the project sponsor and seek the next phase of funding closure.
What should the project manager do?

A.Arrange a site visit to show the project sponsor the construction progress in person.

B.Submit a detailed report on the cost budget vs. the cost actuals as the project sponsor will want to know more about finances.

C.Create a detailed project report on successes and challenges for the project sponsor.

D.Ensure a measurement system is in place like earned value analysis (EVA) to track project value for the project sponsor.

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- Nov 16, 2024

From ChatGPT:
The correct answer is: D. Ensure a measurement system is in place like earned value analysis (EVA) to track project value for the project sponsor.

Explanation:
In project management, especially for large construction projects, sponsors often rely on measurable and standardized metrics to evaluate the progress and value of a project. Earned Value Analysis (EVA) is a key technique that integrates cost, schedule, and scope performance to provide a clear picture of project value and progress. By using EVA or similar systems, the project manager can provide objective and data-driven insights to the project sponsor, which is essential for seeking the next phase of funding.

Why not the other options?

A. Arrange a site visit: While a site visit can provide a tangible sense of progress, it does not offer the detailed, quantifiable insights required for evaluating project value or making funding decisions.
B. Submit a detailed report on cost budget vs. cost actuals: This is part of financial reporting but does not fully capture the value or progress of the project in terms of earned value metrics or overall performance.
C. Create a detailed project report on successes and challenges: Although this can provide useful context, it may lack the objective, quantifiable metrics (like EVA) that sponsors need for decision-making.
Using a measurement system like EVA demonstrates professionalism, ensures transparency, and aligns with best practices in project management....

Aravinth Sakthivel

- Aug 18, 2023

EVA to be done

PMP Exam Question 165

A company has a lot of experience with predictive projects The project management office (PMO) has been trying to implement iterative tools within the project management framework, and the project manager has been asked to use these tools in their current project After the successful implementation of the iterative tools, the PMO asks the project manager to determine the benefits these tools brought to the project.
What should the project manager do?

A.Determine the data to be monitored during the project as well as the expected performance and targets.

B.Update the communications management plan to consider performance review meetings with the project stakeholders

C.Prepare and submit a status report to the steering committee to update performance monitoring

D.Conduct reviews with stakeholders to discuss the potential benefits the approach may have to the project

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PMP Exam Question 161

PMP Exam Question 162

PMP Exam Question 163

PMP Exam Question 164

PMP Exam Question 165

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