PMI Updated PMP Exam Questions and Answers by angus

The project manager should aim to resolve conflicts in a way that promotes understanding and cooperation among all team members. This involves understanding the emotions and perspectives of all parties involved, and finding ways to reduce tension and increase cooperation. Simply issuing warnings or sending individuals to training may not address the root cause of the conflict. Similarly, establishing special rules or treatment for certain individuals may not be fair or effective in the long term. The project manager should strive to create an environment where all team members feel heard, understood, and valued. References: PMBOK® Guide – Sixth Edition, Project Management Institute, Inc., 2017, pp. 349-350. Available at: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

 In an agile approach, the team should always strive towards continuous improvement. This involves regularly reflecting on how to become more effective and adjusting accordingly. Additionally, the team should work together daily. This promotes better communication, helps to build a cohesive team, and ensures that everyone is on the same page with regards to the project’s progress and any issues that may arise. References: Project Management Professional (PMP) Reference Materials.

 For a long-term project spanning over several years, it’s crucial to include projected inflation rates in the budget estimate1. Inflation can significantly impact the cost of resources over time, and not accounting for it can lead to underestimation of the project’s overall cost2. Therefore, to provide a realistic and accurate budget estimate, the project manager should consider the impact of inflation on project costs3. This approach will help ensure that the budget is sufficient to cover the project’s needs over its entire duration123. References: ProjectManager, Forecast.app, TeamGantt

 In order to ensure that a project is delivered according to the customer’s standards, the project manager should define and document the project’s requirements. Requirements are the detailed inputs and outputs, processes, and other needs that a particular product, system, or service must fulfill to meet the customer’s standards. They provide a clear picture of what the end product should be and how it should perform. By defining and documenting these requirements, the project manager can ensure that the project team has a clear understanding of what needs to be done to meet the customer’s expectations. References: Project Management Institute. (2021). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Seventh Edition. Project Management Institute, Inc. (URL: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok) 1.