Assume that you are working on a new product for your firm. Your CEO learned that a competitor was about to launch a new product that has similar features to those of your project. The competitor plans to launch the product on September 1. It is now March 1. Your schedule called for you to launch your product on December 1. Your CEO now has now mandated that you fast track your project so you can launch your product on August 1. This fast track schedule is an example of an______________

• A.Unknown risk
• B.A risk taken to achieve a reward
• C.A response that requires sharing the risk
• D.A passive avoidance strategy

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The project management office (PMO) assigns a project manager who specializes in hybrid approaches to a predictive project that is off track from both the cost and schedule perspectives. The project runs into further delays as the project manager is ramping up on the project. The stakeholders and ask senior management to replace the project manager.
How should the project manager approach this situation?

• A.Meet with the stakeholders to understand their concerns and define an action plan to resolve issues.
• B.Continue to work on the project until the stakeholders and management come to a decision.
• C.Socialize with the stakeholders to better understand their needs and reset expectations.
• D.Escalate the stakeholder issue to the management team and ask for help with resolving the conflict.

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A project for Company A was successfully delivered within scope schedule, and budget by the end of the last iteration However during the project celebration ceremony, one of the business stakeholders says they perceive the project as a failure as it did not add any business value.
What should the project manager have done to avoid this perception?

• A.Confirmed that there is a communications management plan in place to make business stakeholders aware of the success
• B.Implemented a closing survey for key stakeholders
• C.Involved the business stakeholders in the sprint review
• D.Defined product backlog priorities with the sponsor and key stakeholders to deliver business benefits

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While reviewing prototypes, the quality team found some deviations that do not affect the mam functionality but have the potential to be an issue in the future To avoid major problems in the future, the team recommends corrective actions that will require additional funds The project is already struggling to stay on budget and has even used some of the contingency reserves What should the project manager do?

• A.Ask the product designer why the deviation was not considered in the design phase
• B.Report to the project sponsor that the product is working and the project is struggling with the budget.
• C.Evaluate and initiate the change request process with the stakeholders
• D.Ask the quality team to discard the sample and test again with a new sample

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The project charter is complete and the project manager is looking for sponsor approval. At the beginning of a meeting with the sponsor and top stakeholders, the sponsor tells the project manager that they are leaving the company in two weeks and that it would be better to wait for the new sponsor to approve the charter. The rest of the stakeholders do not want to wait because it will delay the project. During the discussion, the sponsor stops the meeting and asks the reschedule for next week.
What conflict resolution technique is the sponsor using?

• A.Prevention
• B.Smoothing
• C.Withdrawal
• D.Forcing

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