A project manager is preparing to meet with three crucial project stakeholders on a new project. Which tools and techniques can the project manager use to capture stakeholder interest?

• A.Review stakeholder register and meeting
• B.Data analysis and communication skills
• C.Data gathering and data analysis
• D.Communication skills and cultural awareness

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Changes to formally controlled documentation, plans, etc. to reflect modified or additional ideas or content are known as:

• A.preventive actions.
• B.defect repairs.
• C.corrective actions.
• D.updates.

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Which organizational process assets update is performed during the Close Procurements process?

• A.Procurement audit
• B.Lessons learned
• C.Performance reporting
• D.Payment requests

Correct Answer: B

Explanation/Reference:
Explanation:
12.4.3.2 Organizational Process Assets Updates
Elements of the organizational process assets that may be updated include, but are not limited to:
Procurement file. A complete set of indexed contract documentation, including the closed contract, is

prepared for inclusion with the final project fles.
Deliverable acceptance. Documentation of formal acceptance of seller-provided deliverables may be

required to be retained by the organization. The Close Procurement process ensures this documentation requirement is satisfed. Requirements for formal deliverable acceptance and how to address nonconforming deliverables are usually defined in the agreement.
Lessons learned documentation. Lessons learned, what has been experienced, and process

improvement recommendations, should be developed for the project fle to improve future procurements.
12.4 Close Procurements
The process of completing each project procurement.
Key Benefit: The key benefit of this process is that it documents agreements and related documentation for future reference.
Inputs
1. Project management plan
2. Procurement documents
Tools & Techniques
1. Procurement audits
2. Procurement negotiations
3. Records management system
Outputs
1. Closed procurements
2. Organizational process assets updates

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Taking out insurance in relation to risk management is called what?

• A.Avoidance
• B.Mitigation
• C.Exploring
• D.Transference

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When project requirements are documented in user stones then prioritized and refined just prior to construction, which approach is being used for scheduling?

• A.Iterative scheduling with backlog
• B.Life cycle scheduling with backlog
• C.Defining Iterative activities
• D.On-demand scheduling

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