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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Predictive Plan-Based Methodologies | 17% | - Risk and quality management
|
| Topic 2: Business Analysis Frameworks | 27% | - Stakeholder engagement
|
| Topic 3: Project Management Fundamentals and Core Concepts | 36% | - Core project management principles
|
| Topic 4: Agile Frameworks and Methodologies | 20% | - Agile principles and mindset
|
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NEW QUESTION # 725
A project manager in a bank is developing market risk-related processes and is midway through the project.
More than half of the product backlog items are developed and delivered to the customer. Due to regulatory and compliance changes in the industry, new backlog items were added to the product backlog with a significant impact on the project schedule. Who should the project manager send this change request to?
Answer: C
Explanation:
The change request should be sent to the Change Control Board (CCB) because the new regulatory and compliance backlog items have a significant impact on the project schedule. PMI defines a change request as a formal proposal to modify a document, deliverable, or baseline, and defines change control as the process through which modifications are identified, documented, approved, or rejected. A CCB is the formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting project changes and communicating those decisions. In a regulated banking environment, schedule-impacting changes cannot be treated as ordinary backlog reprioritization if they affect approved constraints, commitments, or baselines.
The PMO may provide governance standards, templates, or process support, but it is not normally the approving authority for specific project changes. A steering committee provides senior direction and may decide issues outside team authority, but formal change approval belongs to the designated CCB when baselines are affected. References/topics: Integrated Change Control, Change Requests, CCB, Schedule Baseline, Predictive Plan-Based Methodologies.
NEW QUESTION # 726
Match the method for categorizing stakeholders with its corresponding description
Answer:
Explanation:
NEW QUESTION # 727
A tool and technique used in the Develop Project Charter process is:
Answer: A
Explanation:
Section: Volume B
Explanation:
4.1.2.1 Expert Judgment
Expert judgment is often used to assess the inputs used to develop the project charter. Expert judgment is applied to all technical and management details during this process. Such expertise is provided by any group or individual with specialized knowledge or training and is available from many sources, including:
Other units within the organization,
Consultants,
Stakeholders, including customers or sponsors,
Professional and technical associations,
Industry groups,
Subject matter experts (SME), and
Project management office (PMO).
4.1.3.1 Project Charter
The project charter is the document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. It documents the business needs, assumptions, constraints, the understanding of the customer's needs and high-level requirements, and the new product, service, or result that it is intended to satisfy, such as:
Project purpose or justification,
Measurable project objectives and related success criteria,
High-level requirements,
Assumptions and constraints,
High-level project description and boundaries,
High-level risks,
Summary milestone schedule,
Summary budget,
Stakeholder list,
Project approval requirements (i.e., what constitutes project success, who decides the project is successful,
and who signs off on the project),
Assigned project manager, responsibility, and authority level, and
Name and authority of the sponsor or other person(s) authorizing the project charter.
Process: 4.1. Develop Project Charter
Definition: The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Key Benefit: The key benefit of this process is a well-defined project start and project boundaries, creation of a formal record of the project, and a direct way for senior management to formally accept and commit to the project.
Inputs
1. Project statement of work
2. Business case
3. Agreements
4. Enterprise environmental factors
5. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Facilitation techniques
Outputs
1. Project charter
NEW QUESTION # 728
Match the project life cycle type with its corresponding definition.
Answer:
Explanation:
Explanation:
ADAPTATIVE
ITERATIVE
PREDICTIVE
INCREMENTAL
NEW QUESTION # 729
Which type of probability distribution is used to represent uncertain events such as the outcome of a test or a possible scenario in a decision tree?
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Decision Tree Analysis. A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.
- Can only be used with discrete data.
NEW QUESTION # 730
......
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