PMI Updated PMP Exam Questions and Answers by niko

The project manager should perform a qualitative risk analysis to assess the probability and impact of the resource availability problem on the project objectives. The project manager should also identify the triggers and warning signs of the risk, and assign a risk rating or priority to the risk. This will help the project manager to determine the appropriate risk response strategy and plan accordingly. Updating the issue log may not be sufficient, as it does not address the uncertainty and potential impact of the risk. Performing a root cause analysis may not be necessary or feasible, as the resource availability problem may be beyond the project manager’s control or influence. Implementing a risk response plan may be premature, as the project manager should first analyze the risk before taking any action. References:

A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Seventh Edition, Chapter 11: Risk, Section 11.3: Assess Risks

Professional in Business Analysis (PMI-PBA)® Handbook, Section 2.3: Domains and Tasks, Domain 5: Evaluation, Task 6: Assess Solution Limitations

Professional in Business Analysis (PMI-PBA)® Examination Content Outline, Domain 5: Evaluation, Task 6: Assess Solution Limitations

The project manager should ensure that the product owner collaborates with the compliance officer to review the user stories in the product backlog and ensure that they meet the regulatory requirements. This is consistent with the agile principle of satisfying the customer through early and continuous delivery of valuable software. The project manager should also monitor the compliance status of the product backlog items and communicate any risks or issues to the relevant stakeholders. The project manager should not have the team consult with the compliance officer to update the DoD for the past sprint, as this would be a waste of time and resources. The project manager should not have the product owner consult with the CCB, as this would introduce unnecessary bureaucracy and delay the delivery of value. The project manager should not have the scrum master organize a weekly meeting with the compliance officer, the product owner, and the project team, as this would reduce the autonomy and self-organization of the team. References:

PMP Exam Content Outline (2021), Domain II: Process, Task 2: Execute project with the urgency required to deliver business value, p. 101

A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, Chapter 5: Project Scope Management, Section 5.4.2.1: Product Backlog, p. 1542

Agile Practice Guide, First Edition, Chapter 2: Life Cycle Selection, Section 2.2.1: Scrum, p. 213

Professional in Business Analysis (PBA) Examination Content Outline (2018), Domain III: Analysis, Task 1: Elicit Requirements, p. 14

According to the PMBOK Guide, the portfolio management office (PMO) is responsible for ensuring that the projects and programs within the portfolio are aligned with the organizational strategy and objectives. The project manager should demonstrate the project alignment to the organizational strategy by showing how the project delivers value and benefits to the organization and its stakeholders. This may include presenting the project business case, benefits management plan, stakeholder analysis, and other relevant documents that justify the project’s existence and contribution. Demonstrating the project alignment to the organizational strategy is the best way to continue the project and avoid suspension by the PMO. Meeting with the project team and revising the project goals (A) may not be effective if the project is already in alignment with the organizational strategy and the PMO is not aware of it. Updating the project charter to make it align with organizational strategy (B) may not be feasible or ethical if the project charter has already been approved and authorized by the project sponsor and other key stakeholders. Escalating the issue with the project sponsor to request support (D) may be a possible action, but not the best one, as it may create conflict or resentment between the project sponsor and the PMO. The project manager should first try to resolve the issue with the PMO directly by demonstrating the project alignment to the organizational strategy. References: PMBOK Guide, 6th edition, pages 33-34, 75-76, 129-130.

Velocity is a measure of the amount of work a team can complete in a given iteration. It is calculated by dividing the total number of story points completed by the team by the duration of the iteration. Velocity can vary from iteration to iteration due to various factors such as team size, complexity of work, technical issues, etc. Therefore, it is not advisable to use a single iteration’s velocity as a baseline for future planning. Instead, the project manager should ask the product owner to look at a minimum of four to eight iterations and use the average or median velocity as a more reliable indicator of the team’s performance. This way, the product owner can replan the velocity for the next iteration based on the team’s current performance and adjust the scope and schedule accordingly. This is consistent with the agile principle of responding to change over following a plan and the PMI-PBA practice of planning and monitoring the business analysis approach. References:

PMBOK Guide, 6th edition, page 18, section 1.2.3.2

Agile Practice Guide, page 36, section 3.3.2

PMI-PBA Exam Content Outline, page 9, task 1.1

PMI-PBA Certification Exam Prep Guide, page 63, section 3.2.1