PMP Exam Dumps - Project Management Professional (2025 Version)

The project manager should recommend the product owner prioritize the missing work higher because it is needed for the initial launch of the new product. The product owner is responsible for defining and prioritizing the product backlog, which is a list of features and requirements that the customer wants to have in the product. The product owner should ensure that the product backlog reflects the customer’s needs and preferences, as well as the project’s scope and objectives. The project manager should collaborate with the product owner and provide guidance and support on the product backlog management. The project manager should also communicate with the agile team and facilitate their involvement and feedback on the product backlog. The project manager should advise the product owner to prioritize the missing work higher because it is essential for the minimum viable product (MVP), which is a version of the product that has enough features and functionality to satisfy the customer’s needs and expectations. The MVP is the main goal of the initial launch of the new product, as it allows the project team to deliver value to the customer early and often, and to obtain feedback and validation for the product. The project manager should explain to the product owner the importance and benefits of delivering the MVP, and the risks and consequences of delaying or omitting the missing work. The project manager should also help the product owner to balance the competing demands and trade-offs of the product backlog, and to align the product backlog with the project’s vision, goals, and strategy.

The other options are not the best actions for the project manager to take in this situation. Letting the project team pull the recommended work from the bottom of the backlog to maximize value creation may cause confusion and inconsistency in the product backlog, as well as conflict and distrust between the product owner and the agile team. The product owner is the sole authority for defining and prioritizing the product backlog, and the agile team should respect and follow the product owner’s decisions. The project manager should not undermine the product owner’s role or authority, but rather support and facilitate the collaboration and communication between the product owner and the agile team. Analyzing and reprioritizing the backlog and providing the decision to the product owner and team may also undermine the product owner’s role and authority, as well as violate the agile principles and values. The project manager should not impose their own decisions or opinions on the product backlog, but rather advise and assist the product owner in making informed and effective decisions. The project manager should also not act as a intermediary or a gatekeeper between the product owner and the agile team, but rather enable and encourage direct and frequent interaction and feedback among them. Empowering the product owner by supporting the decision and instructing the team to follow the prioritization as provided may ignore the agile team’s input and feedback, as well as jeopardize the project’s success and quality. The project manager should not blindly support the product owner’s decision or instruct the agile team to follow the prioritization as provided, especially if the decision or the prioritization is not aligned with the project’s scope and objectives, or the customer’s needs and expectations. The project manager should challenge and question the product owner’s decision or prioritization if it is not based on valid and relevant criteria or data, or if it does not deliver the maximum value to the customer and the project. The project manager should also listen and consider the agile team’s input and feedback, as they have the technical expertise and experience to perform the work and to deliver the product. References:

PMBOK® Guide, 6th Edition, Appendix X3, Section X3.2.2.4, “Prioritized Product Backlog”

PMBOK® Guide, 6th Edition, Appendix X3, Section X3.2.2.6, “Minimum Viable Product”

PMBOK® Guide, 6th Edition, Chapter 13, Section 13.2.2.1, “Stakeholder Engagement Plan”

PMP Project Management Professional Exam Study Guide: 2021 Exam Update, 10th Edition, Chapter 12, Section 12.2, “Agile Project Management” 1

 The project manager should invite the product owner to attend daily standup meetings so they can assess progress. This is the best option because it allows the product owner to stay informed and involved in the project without disrupting the team members throughout the day. Daily standup meetings are a common agile practice that provide a brief and focused update on the project status, issues, and plans1. By inviting the product owner to these meetings, the project manager can address their concerns and expectations, as well as foster collaboration and trust between the product owner and the team. This option also aligns with the agile principle of "business people and developers must work together daily throughout the project"2.

The other options are not as effective as option A. Option B is not frequent enough to satisfy the product owner’s need for information and involvement. Option C is not collaborative and may create conflict between the product owner and the project manager. Option D is not appropriate and may damage the relationship between the product owner and the team. References: 1: PMBOK® Guide, 6th edition, page 540 2: Agile Manifesto, [Principles behind the Agile Manifesto]

Compliance requirements are the rules and regulations that a project must follow to meet the standards of quality, safety, security, and reliability in a given industry or domain. Compliance requirements can be classified into different categories, such as legal, ethical, contractual, organizational, or environmental. Compliance requirements can pose potential threats to the project if they are not identified, analyzed, and addressed properly. For example, noncompliance can result in fines, penalties, lawsuits, reputational damage, or project failure.

To plan and manage project compliance, the project manager needs to confirm the project compliance requirements, determine the necessary approach and action to address them, and measure the extent to which the project is in compliance. To do this, the project manager can use various methods and tools, such as compliance audits, checklists, matrices, gap analysis, risk management, stakeholder analysis, and communication management.

The project manager can also seek the help of different stakeholders who can provide valuable input, guidance, and support for the project compliance. Two of the most important stakeholders are the functional managers and the advisory team panel. Functional managers are the managers of the functional departments or units within the organization, such as finance, marketing, human resources, or operations. They are responsible for providing the project with the necessary resources, expertise, and authorization to meet the compliance requirements. They can also help the project manager to align the project compliance with the organizational policies, procedures, and goals. Advisory team panel is a group of experts or consultants who can advise the project manager on the best practices, standards, and regulations for the project compliance. They can also help the project manager to identify and address the compliance gaps, risks, and issues, and to monitor and control the project compliance performance.

Therefore, the correct answer is B. Functional managers and D. Advisory team panel. The other options are not as relevant or helpful as these two stakeholders. Risk steering committee is a group of senior executives who oversee the risk management of the organization or the portfolio of projects. They are not directly involved in the project compliance, although they can provide strategic direction and support. Board of directors is the highest governing body of the organization, who set the vision, mission, and objectives of the organization. They are not directly involved in the project compliance, although they can approve the project charter and the project budget. Chief executive officer is the highest-ranking executive of the organization, who leads the overall management and operations of the organization. They are not directly involved in the project compliance, although they can sponsor the project and provide executive support. References:

PMBOK Guide 7th Edition, chapters 2.4, 3.1 (part ‘Standard’) and 2.5, 3.1, 3.4 (part ‘PMBOK’).

Process Groups: A Practice Guide, chapters 1.5, 2.1, 2.3, 2.5, 2.6, 3.3, 5.14, 7.7, 9 (Enterprise environmental factors, Quality metrics), and 3.DEFINITIONS (Regulations).

According to the PMBOK Guide, project managers need to adapt their approach and style to the changing environment and needs of the project1. When a project management office (PMO) is incorporating more adaptive technologies, such as agile or hybrid methods, the project manager and the project team need to acquire the necessary knowledge and skills to apply them effectively2. One of the ways to do this is to set up a training session for all project team members, where they can learn the principles, practices, and tools of the new methodology, and how to update the project artifacts accordingly3. This would help to improve the team’s performance, as well as their engagement and collaboration. The other options are not as effective as providing training, as they do not address the root cause of the problem, which is the lack of understanding and adoption of the new methodology. References:

1: PMBOK Guide, 6th edition, p. 18

2: PMBOK Guide, 6th edition, p. 27

3: PMBOK Guide, 6th edition, p. 52

According to the PMBOK Guide, 6th edition, section 6.4.2.6, the Monte Carlo method is a simulation technique that uses probability distributions and random sampling to compute possible outcomes of cost or schedule estimates.3

The Monte Carlo method can produce different results each time it is run, depending on the input data and the random numbers generated.4

Therefore, the project manager and the stakeholder may have used different input data, assumptions, or scenarios when applying the Monte Carlo method, resulting in different estimations for the budget.4

The project manager and the stakeholder should compare and validate their estimations, and agree on a common baseline for the budget.

The references for this answer are:

1: PMP Exam Questions | 100% Free PMP Example Questions 2: PMP Practice Exam 1 | Free PMP Exam Questions 3: PMBOK Guide, 6th edition, Project Management Institute, 2017, pp. 200-201. 4: [Monte Carlo Simulation: What Is It and How Does It Work? - Palisade] : [Project Cost Management: The Ultimate Guide - ProjectManager.com]

A minimum viable product (MVP) is a product with the minimum features that can deliver value to the customer and validate the product concept1. To estimate the cost of an MVP, the project manager can use agile methods such as user story points and forecasting. User story points are a relative measure of the size and complexity of a user story, which is a description of a feature from the user’s perspective2. Forecasting is a technique that uses historical data and trends to project future outcomes3. By estimating the user story points for each feature of the MVP and using forecasting to calculate the time and resources needed, the project manager can report a realistic and accurate budget for the MVP. This approach is more suitable than the other options because:

B. Determining the control accounts and using a top bottom estimate is a traditional method that is more applicable to large and complex projects with well-defined scope and requirements. It involves breaking down the project into smaller units and estimating the cost of each unit from the top level to the bottom level. This method may not be flexible enough to accommodate the changes and uncertainties that are common in MVP development.

C. Considering the cost performance index (CPI) based on earned value (EV) divided by costs is a method that is used to measure the efficiency of the project performance. It compares the value of the work completed with the actual cost incurred. This method is not relevant for estimating the cost of an MVP, as it requires the project to be already in progress and have a baseline plan to compare with.

D. Calculating the budget at completion (BAC) based on the completed and planned features is a method that is used to estimate the total cost of the project at the end of its life cycle. It involves adding up the actual cost of the work done and the estimated cost of the remaining work. This method is not appropriate for estimating the cost of an MVP, as it assumes that the scope and features of the project are fixed and known in advance, which is not the case for MVP development.

According to the PMBOK Guide, the project closing process group consists of two processes: close project or phase and close procurements. The close project or phase process involves confirming that the project or phase scope and requirements have been met, obtaining formal acceptance of the final product, service, or result from the customer, and transferring the ownership and responsibility of the deliverables to the assigned stakeholders. The close procurements process involves completing and settling each contract, including resolving any open items, and closing each contract applicable to the project or phase. Therefore, the project manager should review the deliverable requirements, check the customer approval criteria, and proceed accordingly to close the project or phase. Asking the customer to issue a change request, meeting with the customer to reach agreement on the scope, or contacting the project sponsor for help are not appropriate actions during the closing process, as they imply that the project scope is not finalized or agreed upon, which should have been done during the planning and executing processes. References: PMBOK Guide, Sixth Edition, pages 123-124, 377-378; PMI-PBA Guide, First Edition, pages 209-210.

According to the PMBOK Guide, 7th edition, one of the key activities of the project manager is to tailor the project delivery approach based on the project characteristics, context, and environment. This means that the project manager should select the appropriate tools, techniques, methods, and artifacts that best suit the project needs and objectives. If the project manager realizes that the project will benefit from using adaptive tools, such as agile or hybrid methods, then the project manager should update the project documents accordingly and plan the first iterative session. This will enable the project team to deliver value incrementally and iteratively, and to respond to changes and feedback more effectively. Option A is the best answer for this question.

Option B is not the best answer because contacting the project sponsor and requesting new team members who are familiar with adaptive projects is not the first thing that the project manager should do. It is a possible action that the project manager may take if the current team lacks the skills or experience to work with adaptive tools, but it is not a necessary or immediate action. Moreover, requesting new team members may not always be feasible or desirable, as it may increase the project costs and risks, and may disrupt the team dynamics and performance.

Option C is not the best answer because confirming team capabilities before introducing adaptive tools and artifacts to the project is not the first thing that the project manager should do. It is a good practice to assess the team’s readiness and ability to work with adaptive tools, but it is not a prerequisite or a determinant for tailoring the project delivery approach. The project manager should base the decision on the project characteristics, context, and environment, not on the team capabilities. Moreover, confirming team capabilities may not always be accurate or reliable, as the team may have different levels of familiarity and confidence with adaptive tools.

Option D is not the best answer because freezing the design stage and looking for an external resource to run iterative design at extra cost is not the first thing that the project manager should do. It is a possible action that the project manager may take if the project is too complex or uncertain to be handled by the internal team, but it is not a recommended or proactive action. Freezing the design stage may delay the project delivery and may not reflect the current or future state of the project requirements or stakeholder needs. Looking for an external resource may increase the project costs and risks, and may reduce the project control and quality. References: PMBOK Guide, 7th edition, pages 9-10, 15-16, 25-26, 35-36, 49-50.