PMP Compliance and Business Value 2

Question 1

A project manager discovers mid-project that a vendor's deliverable does not meet an industry regulatory standard. What is the BEST immediate action?

Accepted Answer

Halt the vendor's work and issue a formal corrective action request

Answer

Continue the project and document the deviation for post-project review

Answer

Notify the project sponsor and await direction before taking any action

Answer

Remove the vendor from the project and find an alternative immediately

Question 2

Which metric BEST demonstrates business value delivery at the end of a project?

Accepted Answer

Realized benefits aligned with the approved business case

Answer

Schedule Performance Index (SPI) greater than 1.0

Answer

All planned features delivered within budget

Answer

Customer satisfaction score above the project baseline

Question 3

A compliance audit reveals that the project team has been bypassing change control procedures. What should the project manager do FIRST?

Accepted Answer

Perform a root cause analysis to understand why procedures were bypassed

Answer

Terminate the team members responsible for the bypass

Answer

Close the project immediately to prevent further violations

Answer

Report the findings to the PMO without further investigation

Question 4

In a highly regulated industry, the project sponsor asks to skip a mandatory compliance gate to recover schedule. The BEST response is to:

Accepted Answer

Explain that mandatory compliance gates cannot be waived and explore other schedule recovery options

Answer

Skip the gate and document the risk in the issue log

Answer

Comply with the sponsor's request since they own the project budget

Answer

Escalate to the PMO and pause all project work until resolved

Question 5

A benefits realization plan is MOST useful for:

Accepted Answer

Measuring whether expected business outcomes are achieved after project closure

Answer

Tracking earned value during project execution

Answer

Ensuring project deliverables are accepted by stakeholders

Answer

Allocating resources across multiple concurrent projects

Question 6

Which document formally links project deliverables to the strategic objectives that justify the project's investment?

Accepted Answer

Business case

Answer

Project charter

Answer

Stakeholder register

Answer

Risk register

Question 7

During a project review, it is discovered that the cost-benefit ratio has deteriorated significantly due to market changes. The project manager should FIRST:

Accepted Answer

Reassess the business case and present findings to the sponsor for a go/no-go decision

Answer

Continue the project as planned to honor original commitments

Answer

Update the project schedule to reduce remaining costs

Answer

Immediately close the project and archive all documentation