A project manager has been assigned a project with a budget of $50,000. Three change requests are submitted during execution that will increase the overall project cost to $60,000. Which of the following steps should the project manager perform NEXT?

• A.Wait until the change requests are approved by the CCB.
• B.Approve the changes because the additional functionality is required to complete the process.
• C.Speak with the project sponsor and provide a detailed analysis of the changes and impacts to the project budget.
• D.Schedule the changes as part of the second phase of the project when additional funding will be available and work can be completed.

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Which of the following describes risk mitigation?

• A.The transfer of the risk to another entity or project inside or outside the organization, along with associated costs
• B.The understanding of the risk with a detailed explanation of how the project intends to address the potential for occurrence
• C.The weighting or prioritization of the risk against all other identified risks within this project or others associated with it
• D.The quantification of the risk in terms of how much the risk could potentially cost the project or parent organization

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A project team started work on a project and was ahead of schedule when the project sponsor announced that the project needed to stop because of shifting strategic priorities.
The constraint described in this scenario is:

• A.scheduling
• B.scope
• C.environmental
• D.cost

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A new stakeholder has joined the project team and requested modifications that will result in minor changes to the project budget and schedule.
The project manager is concerned that the requests will lead to:

• A.scope creep.
• B.time constraints.
• C.quality control issues.
• D.additional risks.

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A team lead informs the project manager that the datacenter will not be accessible when the project needs to be completed. The team lead also indicates that the team member who is assigned to complete the datacenter project is out on medical leave.
Which of the following should a project manager update to document this information?

• A.A list of realized risks
• B.A list of decomposed activities
• C.A sequenced list of project tasks
• D.A document describing agreed-upon communication methods

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