PMP EXAM PMBOK 7 CONCEPT REVIEW
GUIDE 2026 STAKEHOLDER RISK AND
RESOURCE MANAGEMENT PRINCIPLES
◉ You are the project manager for a high visibility project. The
margin on this project is low,and it is extremely important that the
cost estimates for the work on the project be accurate. While
reviewing the cost estimates for this project you notice that one of
the cost estimates for an element in the WBS is 10% higher than two
previous projects for very similar work. What should you do?
a. Accept the estimate because you trust all of the people on your
project team, and they are responsible for estimates
b. Reduce the estimate and add the additional budget to the
management reserve
c. Ask the person responsible for the estimate to explain the
difference and bring supporting information to you
d. Reduce the estimate and add the additional budget to the
contingency reserve. Answer: C
,◉ You are managing a project in a foreign country. In this country
there is a normal practice for business people to exchange gifts
when very large contracts, such as the one you are working on, are
signed. The gift is of a greater value than your company's policy for
gift exchange will allow. You have given a gift of similar value to the
customer's representative already. What should you do?
a. Take the gift
b. Contact your company's management and seek for assistance
c. Refuse the gift graciously, explaining your company's policy
d. Ask the customer's representative to give the gift to your manager.
Answer: B
◉ You are the manager of a research group that is developing a new
chemical material. You hire a person from a competing company
who has a great deal of expertise in this area. The person
contributes greatly to the progress of your project. During
conversation with the person you determine that many of this
person's ideas were developed by the competing company. What do
you do?
a. Tell the person that he or she should not mention that the ideas
came from another company
b. Sign a nondisclosure agreement with this person before he or she
leaves your company
,c. Accept the new ideas
d. Investigate the employee for security reasons. Answer: C
◉ You are managing a project that is in process. A large and
unexpected problem occurs that will cause a delay in the schedule in
excess of the contingency schedule for the project. What should you
do?
a. Look at other tasks in the schedule and see which ones should be
reduced to allow time for this problem to be worked
b. Reduce testing on the completed tasks
c. Require mandatory overtime for the project team
d. Speak to the stakeholders about getting additional time and
budget for the project. Answer: A
◉ You are the project manager for a large project. Some members of
the project team have come to you and asked that they be permitted
to work on a flexible schedule. Some of the other team members feel
that it is important that all team members be on site at all times
unless they are absent for business reasons. What should you do?
a. Turn down the request for flexible time schedules
b. Accept the request for flexible time schedules
, c. Arrange a meeting of the project team members and allow them to
decide
d. Discuss this problem with your manager and act on the results of
the meeting. Answer: C
◉ You are the project manager for a project that has high visibility.
Your manager wants you to prepare a presentation for him to
present at a conference. Most of the material in the presentation will
be facts that are the results of your project. Your manager intends to
present the material under his own name. Your name will not
appear. What should you do?
a. Refuse to work on the presentation unless you are listed as a
coauthor
b. Do the work as you were told by your manager
c. Present your own presentation
d. Meet with your manager's manager and discuss the problem.
Answer: A
◉ You are managing a project and the customer's engineer visits
your facility on an inspection and general getting acquainted tour.
During the tour they make the comment that the parts that are being
designed should be in stainless steel instead of plain steel with
enamel. What should you do?
GUIDE 2026 STAKEHOLDER RISK AND
RESOURCE MANAGEMENT PRINCIPLES
◉ You are the project manager for a high visibility project. The
margin on this project is low,and it is extremely important that the
cost estimates for the work on the project be accurate. While
reviewing the cost estimates for this project you notice that one of
the cost estimates for an element in the WBS is 10% higher than two
previous projects for very similar work. What should you do?
a. Accept the estimate because you trust all of the people on your
project team, and they are responsible for estimates
b. Reduce the estimate and add the additional budget to the
management reserve
c. Ask the person responsible for the estimate to explain the
difference and bring supporting information to you
d. Reduce the estimate and add the additional budget to the
contingency reserve. Answer: C
,◉ You are managing a project in a foreign country. In this country
there is a normal practice for business people to exchange gifts
when very large contracts, such as the one you are working on, are
signed. The gift is of a greater value than your company's policy for
gift exchange will allow. You have given a gift of similar value to the
customer's representative already. What should you do?
a. Take the gift
b. Contact your company's management and seek for assistance
c. Refuse the gift graciously, explaining your company's policy
d. Ask the customer's representative to give the gift to your manager.
Answer: B
◉ You are the manager of a research group that is developing a new
chemical material. You hire a person from a competing company
who has a great deal of expertise in this area. The person
contributes greatly to the progress of your project. During
conversation with the person you determine that many of this
person's ideas were developed by the competing company. What do
you do?
a. Tell the person that he or she should not mention that the ideas
came from another company
b. Sign a nondisclosure agreement with this person before he or she
leaves your company
,c. Accept the new ideas
d. Investigate the employee for security reasons. Answer: C
◉ You are managing a project that is in process. A large and
unexpected problem occurs that will cause a delay in the schedule in
excess of the contingency schedule for the project. What should you
do?
a. Look at other tasks in the schedule and see which ones should be
reduced to allow time for this problem to be worked
b. Reduce testing on the completed tasks
c. Require mandatory overtime for the project team
d. Speak to the stakeholders about getting additional time and
budget for the project. Answer: A
◉ You are the project manager for a large project. Some members of
the project team have come to you and asked that they be permitted
to work on a flexible schedule. Some of the other team members feel
that it is important that all team members be on site at all times
unless they are absent for business reasons. What should you do?
a. Turn down the request for flexible time schedules
b. Accept the request for flexible time schedules
, c. Arrange a meeting of the project team members and allow them to
decide
d. Discuss this problem with your manager and act on the results of
the meeting. Answer: C
◉ You are the project manager for a project that has high visibility.
Your manager wants you to prepare a presentation for him to
present at a conference. Most of the material in the presentation will
be facts that are the results of your project. Your manager intends to
present the material under his own name. Your name will not
appear. What should you do?
a. Refuse to work on the presentation unless you are listed as a
coauthor
b. Do the work as you were told by your manager
c. Present your own presentation
d. Meet with your manager's manager and discuss the problem.
Answer: A
◉ You are managing a project and the customer's engineer visits
your facility on an inspection and general getting acquainted tour.
During the tour they make the comment that the parts that are being
designed should be in stainless steel instead of plain steel with
enamel. What should you do?
