PMP Exam Dumps - Project Management Professional (2025 Version)

 Schedule reserves are the amount of time allocated for unforeseen risks or delays in a project. They are usually calculated based on the level of uncertainty and complexity of the project. In a hybrid project, where both agile and predictive approaches are used, the project manager should reconsider the necessary schedule reserves based on the progress and performance of each module. By doing so, the project manager can identify the critical path, prioritize the work, and adjust the schedule accordingly. This can help to take the schedule back and accelerate the ROI of the project. References: PMBOK Guide 7th Edition, Chapter 8.3.3.2; Agile Practice Guide, Section 3.2.2.

The graph shows that the project is performing below the baseline for both schedule and cost, which means it is behind schedule and under budget. This indicates that the project is not meeting its planned progress and deliverables, and may have some issues with scope, quality, or resources. The project manager should review the project schedule to identify the root causes of the delays, and take corrective actions to bring the project back on track. The project manager should also monitor the project cost to ensure that it does not exceed the budget, and communicate the status and changes to the stakeholders. References:

PMBOK Guide, 7th Edition, Chapter 8: Performance Measurement and Reporting1

The PMI Guide to Business Analysis, Chapter 5: Planning Business Analysis Work2

Business Analysis for Practitioners: A Practice Guide, Chapter 4: Elicitation and Collaboration3

According to the PMBOK Guide, 6th edition, section 4.5.3.1, the project manager is responsible for monitoring and controlling the project work and ensuring that the project is aligned with the business objectives and benefits. The project manager should also communicate the project performance and status to the relevant stakeholders and address any issues or concerns that arise from the project execution. In this scenario, the project manager should first review the established project benefits tracking metrics to assess the current state of the project and compare it with the expected outcomes and success criteria. This will help to identify any gaps or deviations and determine the appropriate actions to take. The other options are either premature or irrelevant, as they do not address the root cause of the problem or respect the authority and scope of the project manager. References: PMBOK Guide, 6th edition, section 4.5.3.1, page 122.

According to the PMBOK Guide, 7th edition, section 4.6.2, the project manager should assess the impact of any requested changes on the project objectives, scope, schedule, cost, quality, resources, risks, and stakeholder engagement. The project manager should also follow the established change management process, which usually involves submitting the change request to the CCB for approval or rejection. The CCB is a group of stakeholders who have the authority to review and approve changes to the project baselines. The project manager should not implement the new features without the CCB’s approval, nor reject them outright, as this could damage the relationship with the sponsor and other stakeholders. The project manager should also not add the new features just to please the sponsor, as this could lead to scope creep and gold plating, which are practices of adding unnecessary or unapproved features that increase the project cost and risk without adding value. References:

PMBOK Guide, 7th edition, section 4.6.2, page 121-122

PMBOK Guide, 7th edition

PMP Exam Content Outline

 According to the PMBOK Guide, a project manager should refer to the communications management plan, when facing issues with both the agile delivery of the product and the predictive development of a marketing strategy, and needing to receive feedback from stakeholders located in different time zones. The communications management plan is a component of the project management plan that describes how the project information will be planned, managed, monitored, and controlled. It also defines the communication requirements, methods, formats, frequency, and channels for each stakeholder group. The communications management plan should address the challenges and opportunities of working in a hybrid project environment, where both agile and predictive approaches are used. The communications management plan should also consider the diversity and distribution of the stakeholders, and ensure that the feedback mechanisms are appropriate, timely, and effective. By referring to the communications management plan, the project manager can ensure that the project communication is aligned with the project objectives, stakeholder expectations, and project methodology. References: PMBOK Guide, 6th edition, pages 89-90, 377-378.

According to the PMBOK Guide, the project manager should consider the culture of the organization when choosing a leadership style for a project. The culture of the organization includes its values, norms, beliefs, and expectations that influence how people behave and interact. Different cultures may have different preferences and expectations for leadership styles, such as autocratic, democratic, participative, or laissez-faire. The project manager should adapt their leadership style to the culture of the organization to ensure effective communication, collaboration, and motivation of the project team and stakeholders. References: PMBOK Guide, 6th edition, page 53.

 According to the PMBOK Guide, when a change request is received, the project manager should evaluate the impact of the change on the project scope, schedule, cost, quality, risk, and other aspects. The project manager should also consult with the project sponsor and other key stakeholders to obtain their approval or rejection of the change request. The project manager should not proceed with the change without proper analysis and authorization, nor should they reject the change without considering the legal and contractual implications. References: PMBOK Guide, 6th edition, pages 115-116, 134-135, 141-142.