PMP Exam Dumps - Project Management Professional (2025 Version)

When a risk such as country-wide power cuts materializes and impacts the project timeline, the project manager should first analyze the impact of the issue on the project’s objectives, including scope, time, cost, and quality. After assessing the impact, a change request should be submitted to update the project schedule, reflecting the new timeline and any adjustments to the project plan. Additionally, the project manager should extend the project deadline accordingly and ensure that the project schedule is updated to reflect this delay. This ensures that all stakeholders are aware of the changes and that the project plan remains accurate and up-to-date. It is also essential to log the risk in the risk register and collaborate with the risk owner to implement the planned mitigation actions, preventing further impact on the project123456789101112131415161718.

 The project manager could have avoided higher baseline costs by verifying applicable budget inputs related to the project. This involves establishing a baseline that clearly describes the project scope, cost, and schedule1. If deviations from the baseline become necessary, project managers must follow an agreed-upon protocol for communicating issues, determining next steps, and making changes to the plan1. Cost estimation is critical for success in project management because every project manager must estimate all project costs before creating a project budget2. If the project budget is insufficient, it’s very likely to face cost overrun2. References: 

https://www.projectmanager.com/blog/7-tips-for-preventing-cost-overrun-on-projects

https://training-nyc.com/learn/pmp-certification/baseline

In an agile project, especially in its early iterations, flexibility and adaptability are key. When more resources are needed and there are no internal resources available, the project manager should engage in a time and materials (T&M) contract and hire a local vendor to support development1. This approach allows for greater flexibility as the project evolves and changes, which is a hallmark of agile projects2. It also allows the project manager to bring in expertise as needed, without committing to a fixed scope or price3. This strategy maximizes project delivery by ensuring that the necessary resources are available when needed, while also maintaining the flexibility inherent in agile projects123. References: PMI Vendor Management Strategies, PMI Vendor Management Practices, Gartner

 Being assigned a mentor offers several benefits for a junior project manager. Firstly, it creates a safe space for the junior project manager to discuss issues and challenges without fear of retribution, which is crucial for learning and development. Secondly, the mentor can share valuable past project documentation and experiences, including early warning indicators of potential problems. This knowledge transfer is essential for the junior project manager to anticipate and mitigate risks effectively.