PMI Updated PMP Exam Questions and Answers by gabriela

In project management, it’s crucial to understand the interests and influence of all stakeholders to ensure the project’s success. The stakeholder assessment matrix is a tool that helps in identifying and understanding the interest, influence, participation, and expectations of the stakeholders. It’s important for the project manager to regularly review and update this matrix as stakeholders’ interests and influence can change over the course of the project. By doing so, the project manager can ensure that all stakeholders are properly engaged and their interests are taken into account, which is key to the successful completion of the project.

When a defect is identified during user acceptance testing that could significantly impact the system’s performance, and the project team advises that this defect puts the delivery date at risk, the appropriate risk management process to perform is Plan Risk Responses. This process involves developing options, selecting strategies, and agreeing on actions to address overall project risk exposure, as well as to treat individual project risks. The aim is to determine how to approach, plan, and execute the risk management activities for a project1.

 In the context of PMP, when a project encounters technical impediments that could potentially delay deliverables, it is crucial to document and track these issues formally. Updating the issue log is a standard practice in project management, as it ensures that all stakeholders are aware of the impediments and the actions being taken to resolve them. This approach aligns with the principles of communication and transparency in project management, as outlined in the PMBOK® Guide and other PMP reference materials. It allows for a structured method to prioritize and address the issues, facilitating better decision-making and resource allocation to resolve the impediments1.

In projects with high levels of uncertainty, especially those that are innovative in nature, it is beneficial to increase the number of iterations. This allows for more frequent reassessments and adjustments, which can help in managing change requests more effectively. By breaking down the project into smaller parts and reassessing at the end of each iteration, the project manager can incorporate necessary changes in a controlled manner, thus reducing the overall number of change requests.