PMP 2023 Exam with Updated Questions and Answers

PMP 2023 Exam with Updated Questions and Answers Name the processes in the Executing process group - CORRECT ANSWER Predictive Life Cycle - CORRECT ANSWER A Predictive Life Cycle is... 1) Plan-driven 2) Waterfall approach 3) Detailed scope is elaborated for each iteration 4) Changes to scope are tightly controlled (resistant to change) Organizational Process Assets (2 kinds of OPA) - CORRECT ANSWER 2 kinds of OPA include: 1) Historical Processes & Procedures = templates, old work breakdown structures (WBS) 2) Corporate Knowledge Base = forms, questionnaires used to gather info in a standardized way, databases of all types Databases such as: financial, issue/defect logs, process measurement, old project files Issue (definition) - CORRECT ANSWER An issue is a RISK that has HAPPENED Organizational Structures (5 kinds) - CORRECT ANSWER 5 kinds of Organizational Structures include: 1) Projectized Matrix 2) Strong Matrix 3) Balanced Matrix 4) Weak Matrix 5) Functional Organizational Structure: Projectized (describe features) - CORRECT ANSWER Projectized is an organizational structure with these features: 1) Project team is dedicated to the project 2) Project manager has clear authority 3) Communications are "shallow" meaning "not that demanding or complex" 4) Project manager has budget control Example: Management consulting firms. The PM "owns you" for the duration of the project. Organizational Structure: Strong Matrix (describe features) - CORRECT ANSWER Strong Matrix is an organizational structure with these features: 1) Project team is mostly dedicated to the project 2) Project manager has a lot of authority 3) Communications are... 4) Project manager has budget control