PMP Exam Dumps - Project Management Professional (2025 Version)

The project manager should foster an environment where open discussions are encouraged, as they can lead to more comprehensive understanding and better decision-making. However, it is also important to adhere to the ground rules to ensure that discussions are efficient and considerate of everyone’s time. This approach is in line with the PMBOK® Guide’s principles of stakeholder engagement and team management, which emphasize the importance of balancing open communication with meeting management1. It also aligns with the PMI Professional in Business Analysis (PMI-PBA)® standards, which advocate for effective stakeholder engagement and collaboration2.

 In the context of agile project management, once risks have been identified, the next step is to incorporate them into the risk register and prioritize them according to their impact. This allows for a structured approach to risk management where the most critical risks are addressed first. Agile methodologies emphasize the importance of an iterative process where risks are continuously reviewed and managed throughout the project lifecycle123.

 The Stakeholder Engagement Assessment Matrix is a tool used to identify the current and desired levels of stakeholder engagement throughout a project. It helps project managers to monitor and compare the expected engagement and involvement of stakeholders against actual engagement. If a major stakeholder is unaware of recent developments, it suggests there may be a gap in the desired and actual engagement levels, which this matrix is designed to track and highlight.

According to PMBOK guidelines, when a stakeholder raises a concern about a deliverable, the project manager should first review the project requirements documentation with the team to ensure that the deliverable meets the agreed-upon project requirements. This is crucial because it helps to identify if the concern is valid and if the project is aligned with the stakeholder’s expectations.

When project constraints conflict, the project manager should escalate and facilitate a discussion between key stakeholders. In this case, regulatory review is mandatory and outside of project control, so the realistic timeline must be clarified. If alignment cannot be achieved, it should be registered as a major risk and escalated appropriately.

PMI emphasizes stakeholder collaboration and risk management as critical practices in such situations. Aligning all stakeholders on realistic constraints supports both risk mitigation and strategic decision-making.

Option A bypasses the CEO.

Option B dismisses SME input.

Option D could introduce unnecessary risk if done without regulatory clearance.

The best course of action when a new risk is identified is to assess its impact with the help of an expert. This aligns with the PMP risk management principles, which emphasize the importance of understanding the nature of the risk, its potential impact on the project, and involving stakeholders in the decision-making process1. In this scenario, the project manager should work with an expert to evaluate the changes in tax regulation and how they might affect the project. After this assessment, the project manager should engage with the client to prioritize the project outcomes, ensuring that the client’s needs are met while also mitigating the risk. References: (Project Management Academy’s “Risk Management Process for PMP®”)1.