PMI Updated PMP Exam Questions and Answers by nolan

The Cost Performance Index (CPI) of 0.9 indicates that the project is over budget. This means that for every dollar invested, only 90 cents of value is being earned. The Schedule Performance Index (SPI) of 1.0 indicates that the project is on schedule. Therefore, to avoid a budget shortfall, the project manager should look for cost-saving opportunities. This could involve identifying and eliminating unnecessary costs, negotiating better deals with suppliers, or finding more efficient ways to complete tasks. References: PMBOK Guide, 6th Edition, Section 7.4.2.3, “Cost Forecasts” and Section 7.2.2.4, “Cost Management Plan”

In Agile project management, the product owner is responsible for managing the product backlog, which includes assessing and incorporating changes as needed. When a change in requirements occurs, such as an update in legal requirements, the product owner should assess these changes and adjust the backlog accordingly. The team should continue their work while this assessment is taking place. This approach allows the team to maintain their focus on the current iteration’s work, while the product owner ensures that future work aligns with the updated requirements12. References: 

https://www.epicflow.com/blog/changing-requirements-in-project-management-how-to-stay-on-track/

https://www.izenbridge.com/blog/accept-requirement-changes-within-a-sprint/

The issue log is a project document where the project manager records the concerns that might turn into potential issues. It is used to document and monitor the resolution of issues. The operations group’s concern, which could not be addressed and might turn into a potential issue, should be recorded in the issue log. This allows for tracking and managing the concern until it is resolved. References: 

https://www.projectmanager.com/blog/great-project-documentation

https://www.techrepublic.com/article/6-essential-documents-for-project-management-success/

 The Project Management Professional (PMP) emphasizes the importance of proactive planning and risk management. In this scenario, the project manager has identified a potential risk that could impact the project’s execution. The best course of action is to mitigate this risk proactively by scheduling training for the key workers. This will ensure that they remain compliant with the new legislation requirements and can continue their tasks without disruption. References: PMBOK Guide, Risk Management, Proactive Planning. Please refer to the specific sections in the PMBOK Guide and PMP study materials for more detailed information.