A project manager is leading a multiyear project. Near the end of the first year, the project manager checks to see if the whole budget allocated for the year will be used. Some features utilizing this year's budget were added later in the year as change requests, but these features will not be ready by the end of the first year.
What should the project manager do?

• A.Approach the product owner and the financial department to create a new nonbinding contract without fixed deliverables.
• B.Provide an update to the financial department regarding the status of the time line of the project.
• C.Ask the team to test partially ready features and check if payment can be authorized with a signed formal acceptance.
• D.Authorize payment for the features ready this year and for the features planned for the following year that are now ready.

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A project manager preparing a project status update calculation that the cost performance index (CPI) is 1.1, and the schedule performance index (SPI) is 0.95. What is the project's status?

• A.Under budget and ahead of schedule
• B.Over budget and behind schedule
• C.Under budget and behind schedule
• D.Over budget and ahead of schedule

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The project manager of a global franchise is assigned to deliver five stores in five different countries The stores are similar in scope, but the budgets will be managed independently in local currency. The team identifies currency fluctuation as a high-probability risk, which is recorded in the risk register. The team decides that the benefit of a favorable currency fluctuation in one country will be used to offset any unfavorable currency fluctuation in another country to preserve the overall program budget.
What should the project manager do?

• A.Balance all budgets and eliminate the risk item from the risk register
• B.Determine the final currency impact on all projects' budgets and update the enterprise environmental factors.
• C.Modify the project charter to record the new budget baseline for all five projects
• D.Issue a change request to modify the budget strategy and update the cost management plan.

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A project manager is assigned to a time-bound internal project on quality improvement During project execution the project manager observes that a specific team member is being isolated by other team members Which three actions should the project manager take? (Choose three)

• A.Allow team members to resolve personal issues without involving the project manager
• B.Arrange and conduct team-building sessions to improve team effectiveness
• C.Obtain feedback from the isolated team member to understand the situation
• D.Get feedback from other team members to understand what led to this situation
• E.Identify the isolated team member as a risk and document the situation in the risk register.

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Your project team has already created the WBS, developed estimates for the work packages, and sequenced the project activities using the arrow diagramming method. In addition, your team has applied resource leveling and schedule compression techniques on the project schedule. Which actions should be performed NEXT:

• A.Obtain acceptance of completed project scope
• B.Decompose the work packages into smaller components called schedule activities
• C.Initiate schedule change control
• D.Develop activity resource requirements
• E.Obtain approval of schedule

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