PMI PMP Exam Dumps - Actual Questions Answers

This answer is based on the PMBOK® Guide, which is one of the reference materials for the PMP exam1. According to the guide, an opportunity is a positive risk or uncertain event or condition that, if it occurs, has a positive effect on one or more project objectives1. Opportunities can be identified and managed throughout the project life cycle, using various tools and techniques, such as risk identification, risk analysis, risk response planning, and risk monitoring and control1. When an opportunity is outside of the project scope, the project manager should update the risk register to document the opportunity and its potential impact, and escalate the opportunity to a higher level, such as the project sponsor, the portfolio manager, or the organization’s management1. The higher level can then decide whether to pursue the opportunity or not, and allocate the necessary resources and authority to do so1. The project manager should share the opportunity with another project that may benefit from it, or suggest a new project to exploit the opportunity1. The other options are not correct because they do not follow the best practices of opportunity management. Establishing a contingency reserve is a risk response strategy for negative risks, not positive ones1. Further monitoring the opportunity is not sufficient to realize its benefits, and may result in missing the opportunity or losing it to competitors1. No more action is required is not a proactive or responsible approach to managing opportunities, and may imply a lack of interest or commitment to the project objectives1. References:

PMBOK® Guide

The project manager should collaborate with the compliance team member to review and prioritize the requirement’s delivery, as this is a way to manage the change request and ensure that the project meets the compliance standards and expectations. The project manager should also communicate the impact of the change on the project scope, schedule, cost, and quality to the project sponsor and other stakeholders, and obtain their approval and support. The project manager should not ask the team to include the compliance requirement in the current sprint and deliver it (choice A), as this would disrupt the sprint planning and execution, and create scope creep and quality issues. The project manager should not add the new compliance requirement to the backlog as the technical team does not have any capacity (choice B), as this would delay the delivery of the compliance requirement and expose the project to legal and regulatory risks. The project manager should not include the compliance lead in the stakeholders list and wait for the next status meeting (choice C), as this would not address the urgency and importance of the compliance requirement, and it would not involve the compliance lead in the decision-making and problem-solving process. References:

PMBOK Guide, 6th edition, page 115: “A change request is a formal proposal to modify any document, deliverable, or baseline.”

PMBOK Guide, 6th edition, page 119: “The project manager should review all change requests, assess their impact on the project, and either approve them or submit them to the change control board (CCB) or other decision-making authority for approval or rejection.”

PMBOK Guide, 6th edition, page 120: “The project manager should communicate the approved change requests to the project team and other stakeholders, and update the project management plan and other project documents accordingly.”

PMBOK Guide, 6th edition, page 39: “Compliance requirements are the set of standards or regulations that the project must adhere to, such as health, safety, security, performance, environmental, or quality standards.”