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PMP micro learning videos Series - PMP Free Question 30: Stakeholders not in Agreement

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PMP micro learning videos Series - PMP Free Question 30: Stakeholders not in Agreement

Postby jyotimayank Wed May 01, 2019 1:40 pm

You have shared the project performance report, and some of the stakeholders are not in agreement with the way you accounted for fluctuations in currency exchange rates, which of the following can help you the most?

A. The Communications Management Plan
B. Assumptions Log
C. The Cost Management Plan
D. Independent Report on the exchange rate
We need to look for the problem this question is raising and after knowing the problem we need to discover the document or plan which can help in resolving it.

The problem is that the stakeholders are not in agreement with the way fluctuation in currency exchange has been accounted for. Where can the project manager find an agreement on the procedure to account for fluctuations in currency exchange rates.
The Communications Management Plan describes how the project communications are planned, executed and monitored. Communication Management Plan does not establish a procedure for taking care of the exchange rate fluctuation.

You may list assumptions related to exchange rate, but you do not document procedure to account for fluctuations in assumption log.

Independent Report on the exchange rate can be used as an input when you take care of exchange rate fluctuations.

The cost management plan is a component of the project management plan and describes how the project costs will be planned, structured, and controlled. The cost management plan can establish a procedure to account for fluctuations in currency exchange rates.

Watch this video for the correct answer.
Jyoti Gupta
PMP Mentor & Coach

iZenbridge Consultancy Pvt Ltd

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