PMP Dumps With Exact Questions and Answers

Fast-tracking is a schedule compression technique that involves performing activities in parallel that were originally planned to be done sequentially. This can reduce the overall project duration by overlapping the start and finish of different activities, but it also increases the risk of rework and errors due to dependencies and uncertainties. Fast-tracking is one of the tools and techniques for the Develop Schedule process, which is part of the Project Schedule Management knowledge area. The other tools and techniques are schedule network analysis, critical path method, critical chain method, resource optimization, data analysis, leads and lags, schedule compression, and project management information system. The other options are not schedule compression techniques, although they may be used in other project management processes or activities. Analyzing both projects to determine the most effective use of common resources is a way of managing multiple projects and optimizing resource allocation. Using resource optimization to justify requesting more resources for the critical project is a way of balancing the demand and supply of resources and resolving resource conflicts. Providing schedule optimization training to the project teams to improve their skills is a way of enhancing the team’s competencies and performance. References:

• PMBOK Guide, 6th edition, pages 201-202, 215-216, 718
• Project Management Professional (PMP) Certification Handbook, page 9
• 5 Methods for Shortening A Project Schedule, section “Fast Tracking”

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

The attendance list is important because it is evidence that risk review meetings were held with the appropriate project team members, as this is a requirement of the risk management plan. The risk management plan defines how risk management activities will be performed, recorded, and monitored throughout the project, and it also identifies the roles and responsibilities of the project team members and stakeholders in relation to risk management. The attendance list shows who participated in the risk review meetings, which are periodic meetings to review and update the risk register, the risk response plan, and the risk metrics. The attendance list also helps to ensure that the risk review meetings are effective and efficient, as it allows the project manager to follow up with the attendees on their assigned actions and to communicate the results of the meetings to the relevant stakeholders. References:

• PMBOK Guide, 6th edition, page 414: “The risk management plan is a component of the project management plan that describes how risk management activities will be structured and performed.”
• PMBOK Guide, 6th edition, page 415: “The risk management plan should document the roles and responsibilities of individuals and groups for each risk management process, as well as their availability, competency, and authority levels.”
• PMBOK Guide, 6th edition, page 443: “Risk review meetings are held periodically to review and update the risk register, the risk response plan, and the risk metrics. The frequency of these meetings is determined by the project manager and the project team based on the project needs and the level of risk exposure.”
• PMBOK Guide, 6th edition, page 444: “The project manager should document the results of the risk review meetings and communicate them to the project team and other stakeholders as appropriate.”