PMI Updated PMP Exam Questions and Answers by haider

According to the hybrid project management approach, which combines elements of waterfall and agile methodologies, the project manager should facilitate the collaboration and communication among the team members and adjust the scope and schedule as needed12. In this scenario, the project manager should first determine whether other cross-functional team members are able to take over the work of the developer who left the company in the middle of an iteration. This would allow the project to continue with minimal disruption and maintain the quality and value of the deliverable. If no one on the team has the skills or capacity to complete the work, the project manager should then consult with the product owner and the stakeholders to renegotiate the scope and schedule of the iteration, or to cancel the iteration and return to planning3. The project manager should avoid reviewing the backlog to reschedule the deliverable for a later iteration without involving the team and the product owner, as this would violate the agile principle of customer collaboration over contract negotiation4. The project manager should also avoid engaging with stakeholders directly to review the iteration process without involving the team and the product owner, as this would violate the agile principle of self-organizing teams4. The project manager should also avoid going to management and asking to hire a new external developer without exploring other options first, as this would incur additional costs and risks, and delay the delivery of the product feature5. References: 1: What is the Hybrid Approach in Project Management? | Hygger.io 2: Hybrid Project Management: What is it, Approach & Software - Teamhood 3: What to do when capacity is reduced in the middle of the Sprint? (e.g. Sick Leave) - Project Management Stack Exchange 4: Manifesto for Agile Software Development 5: How To Handle A Key Team Member Leaving At A Critical Project Point | IT Staffing & Technical Consulting

A minimum viable product (MVP) is the most basic version of a new product with enough functionality and features to appeal to early adopters and validate the concept early in the product development cycle. The concept of an MVP comes from the Lean Startup methodology, which encourages learning and building with scalability in mind. According to its author, Eric Ries, an MVP is the version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least amount of effort. Building an MVP plays a central role in agile product development. It aligns with agile principles of releasing updates consistently, learning along the way, and prioritizing features based on user feedback. The benefits of focusing on an MVP and scaling it up may vary, but ultimately the purpose is to provide a low-risk testing ground before you invest thousands (or millions!) of dollars into a product before it’s ready to sell. MVP testing can provide cost savings, insights into user-centered design, fast business launches, and even getting early investor buy-in. The insights and investment you’ll reap early on will help you build the dream product you and your customers have been looking for. Therefore, the project manager should support the team to find and execute the MVP, as this will help them deliver value to the customers, test their assumptions, and make iterative improvements based on feedback. This will also reduce the risk of wasting time and resources on features that are not needed or desired by the customers. The other options are not as effective as the MVP approach. Encouraging and motivating the team with project incentives may boost their morale, but it does not address the root cause of the problem, which is the scope and complexity of the project. Subdividing the team to handle different aspects of the project may improve the division of labor, but it does not ensure that the team is working on the right features or that they are aligned with the customer needs. Organizing project execution to satisfy the project sponsor’s request may seem like a good way to meet the expectations of the stakeholder, but it may also lead to over-engineering the product and delivering a solution that is not validated by the market. References:

Understanding the Minimum Viable Product (MVP) in Agile Project Management

MVPs and MBIs - Project Management Institute

Minimum Viable Product (MVP): What is it & Why it Matters - Atlassian

 According to the PMBOK Guide, risk management is the process of identifying, analyzing, and responding to project risks. Project risks can be either threats or opportunities. A threat is a negative event or condition that may adversely affect the project objectives, while an opportunity is a positive event or condition that may enhance the project objectives. In this question, the new law is an external risk that poses a threat to the current production processes, but also an opportunity to introduce new products that can meet the customer needs and increase the market share. The project manager should inform the management of this risk and opportunity, and share the proposed products that can take advantage of the situation. This way, the project manager can align the project objectives with the organizational strategy, and seek the support and approval of the management for the changes. This is also consistent with the stakeholder management process, which involves identifying, analyzing, and engaging the stakeholders throughout the project life cycle. The management is a key stakeholder that has high power and interest in the project outcome, and should be kept informed and satisfied. Therefore, option C is the best answer. References: (Professional in Business Analysis Reference Materials source and documents)

PMBOK Guide, 6th edition, Chapter 11: Project Risk Management, pages 397-455

PMBOK Guide, 6th edition, Chapter 13: Project Stakeholder Management, pages 513-542

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According to the PBA Guide, retrospectives are a technique to review the project performance and identify lessons learned, best practices, and improvement opportunities1. Retrospectives are especially useful in agile projects, where they are conducted at the end of each iteration or sprint2. By implementing retrospectives with the vendor, the project manager can ensure that the project team and the vendor share the same understanding of the project goals, requirements, and deliverables. The project manager can also facilitate knowledge transfer and collaboration between the team and the vendor, and address any issues or risks that may affect the project continuity. References: 1: PBA Guide, page 154 2: PMBOK Guide, page 188