PMI PMP Questions Answers

 According to the PMBOK® Guide, the project manager is responsible for closing the project or phase, which includes verifying that all the project deliverables are completed and accepted, updating the project records and documents, releasing the project resources, and communicating the project closure to the stakeholders. Performing administrative closure of the project ensures that the project is formally completed and closed, and that the project budget is finalized and closed as well. This will prevent any confusion or issues with the accounting manager or other parties in the future. Conveying task completion information to accounting may be part of the project closure process, but it is not sufficient to close the project budget. The project manager should also update the project status, financial records, and lessons learned. Closing the procurement process properly is necessary for projects that involve contracts or agreements with external vendors or suppliers, but it is not the only aspect of closing the project. The project manager should also close the internal aspects of the project, such as deliverables, resources, and stakeholder satisfaction. Completing the transition process is relevant for projects that produce products, services, or results that need to be transferred to the operations or maintenance teams, but it is not the only activity for closing the project. The project manager should also ensure that the project objectives are met, the project scope is verified, and the project performance is evaluated. References: PMBOK® Guide, Sixth Edition, Chapter 4, Section 4.7 (Close Project or Phase) and Appendix X3, Table X3-1 (Project Closure Checklist)

According to the PMBOK® Guide, the project manager is responsible for identifying, analyzing, and responding to project risks, and documenting them in the risk register (Section 11.1). If the project manager discovers that the same team has been missing delivery dates in previous projects, this indicates that there is a potential risk that may affect the project schedule and performance. The project manager should include this in the risk register, and assign a probability and impact rating, a risk owner, and a risk response strategy. This will help the project manager to monitor and control the risk, and to take appropriate actions if the risk occurs. This is also consistent with the Professional in Business Analysis (PMI-PBA)® Examination Content Outline, which states that one of the tasks of a business analyst is to “identify and analyze risks and opportunities related to the business need, requirements, and recommended solutions” (Task 3.5). References:

• PMBOK® Guide, 6th Edition, Section 11.1
• Professional in Business Analysis (PMI-PBA)® Examination Content Outline, Task 3.5

According to the PMBOK® Guide, 7th edition, an issue is a point or matter in question or in dispute, or a point or matter that is not settled and is under discussion or over which there are opposing views or disagreements1. Issues can arise from various sources, such as changes, risks, defects, conflicts, or assumptions1. Issues can affect the project performance, scope, quality, schedule, cost, or stakeholder satisfaction1.

An issues log is a project document used to capture and track issues until they are resolved1. The issues log typically contains information such as the issue description, priority, owner, status, resolution, and impact1. The issues log is updated throughout the project life cycle as new issues are identified, analyzed, and resolved1.

In this scenario, the newly assigned project manager is informed by a few key stakeholders that the project has some serious issues. The first thing that the project manager should do to understand the issues is to review the issues log to ensure the issues are captured. This will help the project manager to get an overview of the current state of the project, and to identify the nature, scope, and impact of the issues. It will also help the project manager to verify if the issues have been properly documented, prioritized, and assigned to the responsible parties. Reviewing the issues log will also enable the project manager to plan the next steps to address the issues, such as communicating with the stakeholders, performing root cause analysis, implementing corrective actions, or escalating the issues if needed1.

The other options are not as effective as option B. Option A, escalating the issues to the project sponsor, may be necessary if the issues are beyond the project manager’s authority or control, but it is not the first thing to do. The project manager should first review the issues log to understand the issues and their implications, and then decide if escalation is required or not. Option C, checking the risk management plan to ensure there is a strategy to address the issues, may be helpful, but it is not sufficient. The risk management plan provides guidance on how to manage risks, not issues2. Risks are uncertain events or conditions that may have a positive or negative effect on the project objectives, while issues are certain events or conditions that have already occurred and have a negative effect on the project performance1. Therefore, the risk management plan may not cover all the issues that the project faces, and the project manager should review the issues log instead. Option D, asking the key stakeholders to discuss the issues with the project team, may be beneficial, but it is not the first thing to do. The project manager should first review the issues log to get a clear picture of the issues, and then facilitate the discussion between the stakeholders and the team to resolve the issues.

References: 1: PMBOK® Guide, 7th edition, page 101 2: PMBOK® Guide, 7th edition, page 113