- (Exam Topic 3)
At the end of the fiscal year, the project manager of a well-performing project is notified the project budget may be increased. The project sponsor wants to use an incremental approach to complete more work. Which of the following is the BEST way for the project manager to respond?

1. A. Solicit product improvement ideas from the project team.
2. B. Evaluate the impacts to the quality and schedule and provide a response.
3. C. Reject the increased budget because the budget is defined in the charter.
4. D. Conduct a team-building event to reward the project team
5. E. Identify new resources to join the project team to speed up the work.

Correct Answer: A

- (Exam Topic 3)
As part of the early stages of a potential corporate acquisition, which of the following documents should the acquiring organization complete, showing regulators and investors the offered purchase price and target
closing date?

1. A. Sales contract
2. B. Memorandum of agreement
3. C. Letter of intent
4. D. Purchase order

Correct Answer: A

- (Exam Topic 3)
Company A recently partnered with Company B. Over the past few months, multiple teams have been working to refine internal processes to deliver products in a more timely manner.
If the effort is successful, which of the following will MOST likely occur?

1. A. Reorganization
2. B. Relocation
3. C. Outsourcing
4. D. Demerger

Correct Answer: A