Taken TWE – PMP Readiness Check

Correct Option D. In a functional organization, the project manager does not oversee the budget. As a result, they should communicate the requirement for additional funding to the functional manager. If the functional manager validates their assessment, they must escalate their request to the project sponsor for approval to allocate more budgetary resources.

Correct Option C. as the Quality audits are conducted to ensure that the project activities comply with the organizational and project processes, policies, and procedures.

Correct Option A. This project’s concrete benefits involve increasing revenue and reducing charges, by getting tax deductions for instance, which are considered tangible benefits. Reputation and brand recognition, on the other hand, are intangible benefits.

Correct Option D. Maslow's Hierarchy of Needs:
1. Physiological Needs (Base of the Pyramid): These are the most basic needs for human survival, including food, water, shelter, sleep, and bodily functions.
2. Safety and Security Needs: Once physiological needs are met, people start focusing on feeling safe and secure. This includes needs like physical safety, health security, financial security, and emotional security.
3. Love and Belonging Needs: When people feel safe and secure, they seek social connection and belonging. This includes needs for love, affection, friendship, intimacy, and acceptance into groups.
4. Esteem Needs: After social needs are met, people start focusing on self-esteem and achieving a sense of accomplishment. This includes needs for confidence, self-respect, recognition, status, and feeling of achievement.
5. Self-Actualization Needs (Top of the Pyramid): This is the highest level of needs, representing the desire to reach one's full potential and become the best version of oneself. This includes needs for personal growth, creativity, problem-solving, and leaving a mark on the world.

Please note that in the real exam such a question usually comes in the form of “drag & drop”.

Correct Option D is correct as the project management plan clearly outlines the chosen approach, including details on how the hybrid methodology combines elements from different methodologies (like Agile and Waterfall) for this specific project. By presenting the project management plan, the project manager can provide the new key stakeholder with clear and documented proof of the chosen hybrid approach. Other option might be helpful but the new key stakeholder wanted concrete evidence or verbal assurance.

Correct Option C. Both the percentage complete and the SPI below 1 suggest the project is lagging behind the planned schedule. Option A - this is unlikely considering only 40% is complete after half the planned time. Option B An SPI exceeding 1 would indicate exceeding planned progress. Option D the information given is sufficient to determine the project is behind schedule.

Correct Option B - Earned Value Analysis (EVA). An analysis method that uses a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project.

Correct Option C. Option A is also important but should have been done earlier; the current situation asks for sponsor involvement as in the predictive approach sponsor is the face for the business. Option B & D ca n be ignored.

Correct Option A. Communication is the important factor in virtual setting. There are various tool and techniques to be used to have a complete, clear, and concise communication with the team.

Option C. Mitigation is a action plan in case the risk occur. It helps to reduce the probability of impact of the identified risk.

Correct Option A - A Product Roadmap outlines the plan for a product's development, while a Product Backlog is a list of features that need to be included in a product. The difference between a Product Roadmap and a Product Backlog is their focus. A Product Roadmap focuses on the big picture and high-level view of a product's development plan, while a Product Backlog is more detailed and specific. Option B - product backlog is a prioritized list of features and tasks, but it wouldn't typically have estimated delivery timeframes at such a high level. Option C - product baseline is a formal document that establishes a specific project scope at a particular point. It's less flexible than what's described in the scenario. Option D - Agile methodologies generally avoid rigid schedules. While the roadmap provides a rough timeline, it's likely to be adjusted based on ongoing feedback and development progress.

Correct Option A - Identify impediments and facilitate solutions: This aligns with the facilitator's role to support the team and remove obstacles. Contacting the stakeholder is a proactive step to address a dependency. Option B - The facilitator should first explore solutions with the team. Option C - While offering suggestions is valuable, facilitating the team to find their own solutions fosters self-reliance. Option D: While Agile promotes self-direction, the facilitator still plays a role in identifying and addressing roadblocks.

Correct Option B - While Kanban boards are not typically used for assigning work throughout the sprint (as work is often pre-committed), they can be used to visualize current workload. Estimating likelihood of meeting the sprint goal might not be the most direct function of the Kanban board itself. While it can provide insights on progress, other techniques, like burndown charts, might be more focused on estimation. Option C is rephrased for better accuracy. The remaining options (A and D) accurately represent the core uses of Kanban boards.

Correct Option D - Information radiators, also known as big visible charts (BVCs), are visible, physical displays that provide information to the rest of the organization, enabling timely knowledge sharing. They are posted in a place where people can see the information easily, rather than having information in a scheduling or reporting tool. Option A is wrong. Option B & C would not help client understand the progress.

Correct Option A - Burndown charts track work to be done, and Burnup charts track the work that has been completed. Both are required to measure project performance. Option B, C, and D are planning tools.

Correct Option B. The project manager (agile coach, team lead, Scrum Master) uses servant leadership to help the self-organized team refine and follow their agreed-upon processes.

Correct Option B, Hybrid project management approach, combines elements of both predictive (waterfall) and adaptive (Agile) methodologies. This approach can be beneficial in situations where different parts of a project have varying levels of certainty and flexibility. Agile approach is used where requirements are evolving and uncertain. Predictive approach is used when this is known and certain. Collaborative approach is a made-up word.

Correct Option D. Sprint Planning Meeting is to plan the work for the upcoming sprint, set sprint goals, and decide which items from the product backlog will be prioritized and completed during the sprint. Happens at the start of each sprint. Sprint Retrospective Meeting is to reflect on the sprint and discuss what went well, what could be improved, and how the team can enhance its processes for the next sprint. It happens at the end of each sprint. Sprint Review Meeting is to present the completed work to stakeholders, gather feedback, and discuss the next steps for future sprints. Daily Stand-up (Scrum) Meeting is to provide a quick status update on what team members have accomplished, what they plan to do next, and any obstacles they may face. Frequency: Daily, usually at the start of the workday.

Correct Option C, since the question uses the words feature and iteration, implies that the team is using agile approach. Option A is used in the case of predictive approach. Options B and D are wrong.

Correct Option A. Fixed price contract outlines exactly what the seller is required to do and the seller's obligations for a firm price. Fixed-price contracts are especially useful when a project's scope is easily determined from the beginning.

Correct Option D. The next best thing to do is an impact analysis, followed by the involvement of change control for its approval or rejection. As a project manager, you should know how this change is impacting other deliverables planned.

Correct Option B. Verified deliverables from the quality management are used for gaining approval from the client for the deliverables. Rest all the options are done to ensure the success of approval meeting.

Correct option - D. Option A, B, C are part of Cost baseline but for Project budget Management reserves is set aside for unidentified risk.

Correct Option A. Stakeholder Register is the main output of the identify stakeholders process and it contains all details related to the stakeholders.