A company that uses a predictive approach and operates in a highly regulated market is losing profitability because its product life cycle is taking longer than those of its competitors. A new project manager has been hired to change this scenario.
What approach should the project manager propose?

• A.Change to an agile model, focusing primarily on the incremental life cycle, leaving the iterative approach as a next step.
• B.Maintain a predictive approach, but increase the focus on better planning and tracking to anticipate problems and avoid delays.
• C.Migrate to an agile model, focusing primarily on an iterative approach, leaving the incremental life cycle as a next step.
• D.Propose a hybrid approach, leveraging the benefits of an agile approach while respecting some aspects of the company's industry.

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Cost control is concerned with:

• A.Determining that the cost baseline has changed.
• B.Allocating the overall estimates to individual work packages in order to establish a cost baseline.
• C.Influencing the factors which create changes to the cost baseline to ensure that changes are beneficial.
• D.A and B
• E.B and C

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The project sponsor indicates to the project manager that due to other priorities, the budget for the project will be cut in half. This decision will cause changes in the project What should the project manager do next'

• A.Organize a meeting with the sponsor and analyze the impact on scope
• B.Update the project's scope management plan.
• C.Report the impact of the changes to the sponsor.
• D.Document the changes and follow the change control process.

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Drag the characteristics of the stage on the left to the correct Tuckman Ladder stage on the right

Correct Answer:

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Which items are components of a project management plan?

• A.Change management plan, process improvement plan, and scope management plan
• B.Schedule management plan, project schedule, and resource calendars
• C.Agreements, procurement management plan, and work performance information
• D.Scope baseline, project statement of work, and requirements traceability matrix

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