PMI PMP Exam With Confidence Using Practice Dumps

According to the PMBOK Guide, project selection is based on the alignment of the project with the organization’s strategic objectives, which include maximizing the business value1. Business value is the net benefit that a project provides to the stakeholders, considering both tangible and intangible factors2. Projects that maximize the business value are more likely to contribute to the organization’s success and sustainability than projects that focus only on duration, revenue, or risk3. References: 1: PMBOK Guide, 7th edition, page 35 2: PMBOK Guide, 7th edition, page 38 3: Project Selection Methods: A Primer for the Project Manager4QUESTION NO: 26

A product owner Goes not regularly attend demonstration ceremonies. As a result, the demonstration ceremonies are constantly rescheduled and the work is impacted in multiple ways. The project manager believes the product owner Is not committed to the project.

What should the project manager have done to avoid this situation?

A. Defined a set of external audits that can expose this situation to the project sponsor

B. Agreed with the product owner on appropriate project governance levels

C. Set a definition of done (DoD) that considers the work as done if not otherwise specified

D. Asked another product owner to attend the demonstrations on behalf of the product owner

Answer: B

According to the PMBOK Guide, project governance is the framework, functions, and processes that guide project management activities in order to create value and meet organizational objectives. Project governance also defines the roles and responsibilities of the project stakeholders, including the product owner, who is the person or group that is responsible for defining and prioritizing the product backlog and accepting the product increments1.

One of the principles of agile project management, as described in the Agile Practice Guide, is to collaborate with customers and stakeholders frequently and throughout the project. This principle implies that the product owner should be actively involved in the project and provide timely feedback and guidance to the project team. The product owner should also attend the demonstration ceremonies, which are events where the project team showcases the product increments to the product owner and other stakeholders and collects their feedback2.

Therefore, the project manager should have agreed with the product owner on appropriate project governance levels, which means defining the expectations, commitments, and communication channels between the project team and the product owner. This would have helped to avoid the situation where the product owner does not regularly attend the demonstration ceremonies and causes delays and disruptions to the project. By agreeing on the project governance levels, the project manager and the product owner could have established a mutual understanding of the value and importance of the demonstration ceremonies and the product owner’s role and responsibility in them.

References:

1: Project Management Institute. (2023). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Seventh Edition. Newtown Square, PA: Author.

2: Project Management Institute. (2023). Agile Practice Guide. Newtown Square, PA: Author.

According to the PMBOK® Guide, quality management is the process of ensuring that the project meets the needs and expectations of the stakeholders1. Quality management involves planning, managing, and controlling quality activities throughout the project life cycle1. A predictive approach to quality management is based on the assumption that the project requirements and scope are well-defined and stable, and that the quality standards and criteria are established upfront1. A predictive approach relies on sequential phases, such as initiation, planning, execution, monitoring and controlling, and closing, and evaluates the quality of the products at the end of each phase1. However, a predictive approach may not be suitable for projects that face high uncertainty, complexity, or change, as it may result in rework, delays, or customer dissatisfaction12.

A hybrid approach to quality management is a combination of predictive and adaptive methods, such as agile, that allows the project manager to tailor the quality practices to the specific needs and characteristics of the project23. A hybrid approach enables the project manager to balance the trade-offs between predictability and flexibility, and to deliver value to the customer in an iterative and incremental manner23. A hybrid approach requires the project manager to understand the context and interdependencies of the process from the team members and then define improvements23. By doing so, the project manager can leverage the expertise and feedback of the team members, who are closest to the work and the customer, and identify the best ways to enhance the quality of the products and the process23. The project manager can use various techniques to understand and improve the process, such as process mapping, value stream mapping, root cause analysis, and continuous improvement123. References:

• 1: PMBOK® Guide – 4th Edition, Chapter 8: Quality Management
• 2: A Guide to Hybrid Project Management: Blending Agile and Waterfall
• 3: How to Do Hybrid Right

 Earned value (EV) is a technique that measures the performance of a project by comparing the actual work completed with the planned work. It can help the PMO to report the project’s health in terms of schedule and cost variance, as well as the schedule and cost performance index. EV can be applied to both predictive and adaptive (agile) projects, as long as the project scope, schedule, and budget are defined and measurable. The PMO can use agile progress, such as the number of features delivered, user stories completed, or story points earned, as an input to calculate the EV KPls. This way, the PMO can provide upper management with the traditional reports that they are used to, while also reflecting the agile nature of the projects. References:

• A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition, Chapter 7, Section 7.4.2.1
• Practice Standard for Earned Value Management – Second Edition, Chapter 3, Section 3.2.3
• Agile Practice Guide, Chapter 5, Section 5.4.2