Compliance and Business Value Flashcards
7 cards from real PMP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Compliance and Business Value flashcards as text
A project manager discovers mid-project that a vendor's deliverable does not meet an industry regulatory standard. What is the BEST immediate action?
Answer: Halt the vendor's work and issue a formal corrective action request
Halting non-compliant work and issuing a corrective action request addresses the regulatory gap while preserving the vendor relationship.
Which metric BEST demonstrates business value delivery at the end of a project?
Answer: Realized benefits aligned with the approved business case
Business value is measured by how well realized benefits align with the original business case, not just delivery metrics.
A compliance audit reveals that the project team has been bypassing change control procedures. What should the project manager do FIRST?
Answer: Perform a root cause analysis to understand why procedures were bypassed
Root cause analysis identifies why the control breakdown occurred so systemic fixes can be implemented.
In a highly regulated industry, the project sponsor asks to skip a mandatory compliance gate to recover schedule. The BEST response is to:
Answer: Explain that mandatory compliance gates cannot be waived and explore other schedule recovery options
Mandatory compliance gates are non-negotiable; the project manager should protect compliance while seeking alternative schedule recovery.
A benefits realization plan is MOST useful for:
Answer: Measuring whether expected business outcomes are achieved after project closure
A benefits realization plan tracks whether the intended business outcomes are achieved, typically extending beyond project closure.
Which document formally links project deliverables to the strategic objectives that justify the project's investment?
Answer: Business case
The business case establishes the justification for the project by linking deliverables to strategic objectives and expected value.
During a project review, it is discovered that the cost-benefit ratio has deteriorated significantly due to market changes. The project manager should FIRST:
Answer: Reassess the business case and present findings to the sponsor for a go/no-go decision
When the business case viability is in question, the sponsor needs updated information to make an informed continuation decision.