PMI Updated PMP Exam Questions and Answers by reign

 In an agile project, when the budget is nearly depleted yet the project is far from completion, it is essential to review the project backlog. This allows the project manager to reprioritize work and identify any possible reductions in project scope that could bring the project back within budgetary constraints. This strategy is in line with agile principles, which emphasize flexibility and the ability to adapt to changing circumstances. By focusing on the most valuable deliverables and potentially descaling the scope, the project can still achieve its most critical objectives within the available budget.

 The project manager should inform the steering committee that the project is currently behind schedule with a corresponding lower cost, and every effort is being made to expedite the delayed activities. This is because the actual progress is less than the planned progress, indicating that the project is behind schedule. However, the actual cost is also less than the budgeted cost, which means the project is under budget. The project manager should assure the steering committee that efforts are being made to expedite the delayed activities to bring the project back on schedule123.

In Agile project management, it is crucial to address issues as they arise, particularly when an iteration is nearing completion and the team is struggling with user stories. The first step should be to meet with the project team to understand the challenges they are facing and collaboratively develop a resolution. This approach is supported by the principles of Agile, which emphasize team collaboration, regular communication, and adaptive planning to overcome obstacles1. By engaging the team directly, the project manager can facilitate problem-solving and ensure that the team’s insights and suggestions are incorporated into the solution.

To ensure that the project acceptance criteria are met for all project deliverables, the project manager should include the expectations and needs of project stakeholders in the creation of the project acceptance criteria. This aligns with the best practices in project management, which emphasize the importance of understanding and incorporating stakeholder requirements to achieve project success. By doing so, the project manager can ensure that the deliverables will meet the agreed-upon standards and satisfy stakeholder needs, which is crucial for the acceptance of the project outcomes.