PMI Updated PMP Exam Questions and Answers by milly

The project manager is responsible for ensuring that all necessary knowledge transfer has occurred prior to project closure. This includes capturing lessons learned, documenting project experiences, and updating the organizational process assets (OPAs). This ensures that the knowledge gained from the project is not lost and can be used for future projects. The project manager plays a crucial role in facilitating this process and ensuring that all team members contribute to the knowledge transfer. References: PMBOK® Guide – Sixth Edition (Page 123, 4.4.3.1 Organizational Process Assets Updates)

When a director demands the ability to make the final go/no-go decision about whether the systems go live, the project manager should schedule a meeting with the project sponsor to determine if it is appropriate to accept the director’s request. The project sponsor is typically a senior executive in a corporation (often at or just below board level) who is responsible to the business for the success of the project. This meeting would help clarify roles and responsibilities, and ensure that the decision-making process aligns with the project’s governance structure. References: 

https://www.coursera.org/articles/project-management-lifecycle

https://www.projectmanager.com/blog/project-director-role

When stakeholders’ feedback indicates that they saw more technical features than business ones, it’s important for the project manager to review this topic with the product owner before the next iteration planning12. The product owner is responsible for maximizing the value of the product resulting from the work of the development team2. They are the ones who understand the needs of the stakeholders and can prioritize the features accordingly2. By discussing the feedback with the product owner, the project manager can ensure that the next iteration focuses more on the business features that the stakeholders want to see12. References: How to Collect Feedback from Stakeholders Effectively | Mural, 11 Effective Stakeholder Management Strategies - Float

 When a project manager identifies constraints and conditions that will prevent the project from being completed as initially planned, it is crucial to create a contingency plan. A contingency plan is a proactive strategy that describes the course of actions or steps the project manager and team will take to respond to potential issues. This plan can help manage risk that might arise from changes or uncertainties in the project. It is part of the broader risk management process in project management, which also includes identifying, assessing, and prioritizing risks. References: 

https://www.coursera.org/articles/project-management-lifecycle

https://www.pmi.org/learning/library/delayed-projects-schedule-strategy-10148