PMI Updated PMP Exam Questions and Answers by izabela

According to the Project Management Body of Knowledge (PMBOK) guide, effective stakeholder engagement is crucial for the success of a project. The project manager should schedule regular meetings with the key stakeholder to provide updates and receive feedback. This will ensure that the stakeholder is kept informed about the progress of the project and can provide valuable input. Additionally, promoting an adaptive and transparent environment where the team can easily communicate with the stakeholders will help in building trust and improving the relationship with the stakeholder. References: PMBOK Guide, 6th Edition, Section 13: Stakeholder Management

On day four of a 15-day sprint, the team should continue with the sprint work as planned and keep monitoring the burndown chart. The burndown chart is a visual representation of the work left versus the time remaining in the sprint. If the “Actual” line closely follows the “Planned” line, it indicates that the team is on track. Making adjustments or changing the sprint scope at this stage is premature unless there are significant deviations or impediments1. The team should maintain their current pace and monitor progress, making adjustments only if necessary as the sprint progresses2. References: “Burndown Chart: What it is, How to Use it, Example [2024]” by Asana; “Scrum Sprint Burndown Chart [Everything you Need to Know]” by KnowledgeHut12.

 When a project budget is cut, it’s important for the project manager to collaborate with the team to assess the impact of the change on the project1. This involves understanding how the budget cuts will affect different aspects of the project, including the scope, schedule, and quality. The project manager should then work with the team to develop an updated project plan that takes into account the reduced budget2. This approach aligns with the principles of servant leadership, which emphasize collaboration, team empowerment, and shared decision-making. References: 

https://project-management.com/what-to-do-if-your-project-runs-over-budget-and-how-to-prevent-it/

The project manager should take the following actions to ensure proper stakeholder involvement:

Prioritize stakeholders based on the project phase and need (Option A): Not all stakeholders need to be involved at all stages of the project. The project manager should identify and prioritize stakeholders based on the current phase of the project and the need for their involvement1.

Develop a stakeholder impact influence matrix to determine the level of engagement (Option B): This matrix helps in understanding the level of influence and interest each stakeholder has in the project. It assists in determining the level of communication and engagement required for each stakeholder1.

Perform a stakeholder assessment to align with the project objectives (Option C): A stakeholder assessment helps in understanding the stakeholders’ interests, expectations, and influence. It ensures that the stakeholders’ needs and expectations are aligned with the project objectives2.

Including all stakeholders in the stakeholder engagement plan and providing the same level of communication (Option D) may not be feasible or efficient as different stakeholders have different levels of interest and influence in the project1. Classifying and ranking stakeholders based on their positions in the organization (Option E) may not always reflect their actual influence or interest in the project1.