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Pass the PMI Project-Management-Professional PMP Questions and answers with CertsForce

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Viewing questions 201-250 out of questions
Questions # 201:

A project manager identifies a risk that has a high probability of occurring. How should the project manager manage this risk?

Options:

A.

Submit a change request to transfer the risk to a third party in case it becomes an issue.


B.

Remove the user stories associated to that risk and avoid the impact to the project deliverables.


C.

Assign a qualified team member to be the risk manager for the project.


D.

Ask the team to monitor the risk and provide an alert if it becomes an issue.


Expert Solution
Questions # 202:

The main project stakeholder was fired and replaced by another stakeholder. The

new stakeholder reviewed the project scope and requested numerous changes, arguing that

the stakeholder's team is unhappy with the results to date.

What should the project manager do?

Options:

A.

Put the new requirements in the backlog with high priority and implement therequested changes.


B.

Put the new requirements in the backlog and submit a formal change request forapproval.


C.

Put the new requirements in the backlog and let the product owner check their valueand priority.


D.

Put the new requirements in the backlog with low priority and implement the requestedchanges.


Expert Solution
Questions # 203:

A project manager has established daily standup meetings with the team during the execution phase of the project. The project manager has been successful in removing 75% of the

obstacles reported, but the timeline continues to deviate further each day with no signs of improvement.

What should the project manager have done to avoid this issue?

Options:

A.

Prioritized blockers on the critical path


B.

Distributed the daily standup meeting agenda beforehand


C.

Followed the quality control measurements


D.

Developed the team members’ competences:


Expert Solution
Questions # 204:

A Scrum team is analyzing the burndown chart on day four of a 15-day sprint. The burndown chart is shown below. What should the team do next?

Question # 204

Options:

A.

Ask the product owner if some low-priority stories could be cut from the sprint.


B.

Continue with the sprint as the progress shows buffers for potential interruptions.


C.

Ask the project team to select any additional stories as they have additional capacity than planned.


D.

Continue with the sprint work as planned and keep monitoring.


Expert Solution
Questions # 205:

A project manager is newly appointed to an ongoing project that will develop a new solution using an affiliate of the company. The deploying

resources will come from another entity of the company. When asked to confirm the availability of the deploying team, the deploying manager declined.

What should the project manager do first?

Options:

A.

Reschedule the project taking this new information into account.


B.

Refer to the project's resource management plan.


C.

Ask the project sponsor for external resources.


D.

Create a change request to be validated by the project sponsor.


Expert Solution
Questions # 206:

A project manager is working on an agile project. The organization decided to implement the Scrum framework. The project manager organized a workshop to explain the differences between traditional project artifacts and the Scrum approach. The most frequent question raised is what artifact will replace the project schedule.

What should be me project manager's response?

Options:

A.

Sprint plan and product roadmap


B.

Product roadmap and sprint backlog


C.

Product backlog and scrum board


D.

Sprint backlog and scrum board


Expert Solution
Questions # 207:

A project manager is leading a cross-organizational project that is replacing a platform on which various solutions used by 15 business units were built. The project is part of a large program of work, and some of the resources are shared with other projects outside of the program initiated by the respective business units.

Which stakeholders should the project manager consult with first to manage interdependencies?

Options:

A.

Project sponsors


B.

Other project managers


C.

Business unit managers


D.

Program managers


Expert Solution
Questions # 208:

In a project, one core team member tends to do all the work and ensures all tasks are completed. This core team member is soon leaving the project, which may make the project vulnerable.

What should the project manager do?

Options:

A.

Ensure the activities of this team member are distributed across the project team.


B.

Assess a mechanism for knowledge transfer among the team members.


C.

Motivate the team member to stay by providing them with incentives.


D.

Ask human resources (HR) to counsel the team member to balance the workload.


Expert Solution
Questions # 209:

A project manager is managing a new development program to automate some technical functions. During project kickoff, the project manager

expresses the need for a technical architect to support the project for a moderate amount of time. The project sponsor informs the project

manager about an existing technical architect who possesses valuable knowledge but is already assigned at the portfolio level.

What engagement model should the project manager use for the technical architect role to ensure project success?

Options:

A.

Hire a new technical architect who would be solely dedicated to the current project.


B.

Share the existing technical architect so they can be allocated to the current project and other projects.


C.

Hire a new technical architect who would be shared between the current project and other projects.


D.

Assign the existing technical architect to solely be dedicated to the current project.


Expert Solution
Questions # 210:

A proof of concept for a proposed solution was conducted during the project implementation, and it was determined that the current technology cannot support it. What should the project manager do next?

Options:

A.

Ask another team member to redo the proof of concept using the current technology to ensure It is truly not an option.


B.

Use a root cause analysis (RCA) technique like Ishikawa diagrams to determine why the current technology is not supportive.


C.

Add this item to the issue log and explore possible resolution options with the team.


D.

Update the risk register indicating that a new technology must be chosen by the team lead.


Expert Solution
Questions # 211:

A customer discovered quality issues with the latest deliverables. However, the project team immediately resolved the issues.

Now that the project is back on track, what should the project manager do next?

Options:

A.

Reassess the risk log to ensure it is up to date.


B.

Monitor quality metrics to ensure the project continues as planned.


C.

Perform lessons learned to ensure the issue does not happen again.


D.

Schedule a team meeting to review the issue,


Expert Solution
Questions # 212:

During the project planning phase, a project manager is informed that they cannot start one activity before another department implements the

required IT system. What should the project manager do?

Options:

A.

Fast track this dependency to avoid delaying the project.


B.

Perform Integrated Change Control.


C.

Include the dependency in the project schedule.


D.

Ask IT to prioritize the needed system to meet the schedule.


Expert Solution
Questions # 213:

During the implementation phase of a project, functional managers are adding new requirements, which may impact cost and schedule baselines. The project manager

notices that some of the team members are communicating with their managers directly to fulfill their requests. This will lead the project to go beyond the agreed baselines.

How should the project manager handle this situation?

Options:

A.

Set up a proper governance structure to ensure functional managers’ requests are processed correctly.


B.

Modify the communications management plan to enable functional managers to add changes to the project.


C.

Follow the project constraints and move forward with the agreed schedule baseline and the cost baseline.


D.

Ask the functional managers to communicate with their peers and emphasize the impact of their requirements.


Expert Solution
Questions # 214:

A project manager is working for an organization in country A and has been tasked with opening the first brick-and-mortar store in country B. The sponsor has identified the city for the store and wants to minimize any potential issues with the local government.

Which action should the project manager take to address the sponsor's request?

Options:

A.

Work with the organization's real estate department and reach out to the local government to identify the best location for the store.


B.

Work with the local government to build the profiles of employees that will be working in the store.


C.

Work with the organization's legal department to identify local regulations to ensure project compliance.


D.

Work with the organization's project management office (PMO) to build a project team of residents located in the city.


Expert Solution
Questions # 215:

A project manager is reviewing the status of a large project with team members in different countries. Through the status review, the project

manager notices that one team is consistently behind schedule and their work often needs to be corrected.

What should the project manager do to improve the quality of this team's work?

Options:

A.

Evaluate the issue with the team to determine if they have the necessary skills to perform assignments.


B.

Review the issue with the project sponsor and work to reduce the scope for that team.


C.

Guide all team members and bring in external consultants to complete the work.


D.

Ask a local subject matter expert (SME) to assist the team in reviewing the project requirements.


Expert Solution
Questions # 216:

The testing backlog for a hybrid project has increased significantly and is becoming a bottleneck. The team has researched a tool that could

resolve the bottleneck, and the project manager has been informed.

What should the project manager do next?

Options:

A.

Add developers to remove the backlog.


B.

Escalate the issue with the product owner.


C.

Reduce the testing scope of the backlog.


D.

Enroll team members in training on the tool.


Expert Solution
Questions # 217:

During the development phase, a team member encounters an issue with a specific task and attempts to resolve it for the next several days. The other team members ask

the project manager to reassign the task to another team member to avoid jeopardizing the target date. The current team member assigned communicates they will feel frustrated if the task is reassigned to another team member.

How should the project manager address this situation?

Options:

A.

Seek help from experts to support the team member in fixing the problem.


B.

Facilitate a session to reach an agreement with the team as a whole.


C.

Negotiate with the customer a delay in the project delivery.


D.

Accept the team's request to reassign the team member.


Expert Solution
Questions # 218:

An organization imports many of the materials for a product build. Due to global shipping delays, some of the essential materials have yet to arrive, resulting in the inability to finish building the product for the upcoming release. The project manager is meeting with stakeholders to discuss options.

What should the project manager recommend?

Options:

A.

Request marketing to launch an advertising campaign for the product that is currently in stock.


B.

Update the project management plan, factoring in furloughs of the assembly team to reduce expenses.


C.

Explore if the materials could be supplied locally and obtained on time.


D.

Meet with the engineering team to manufacture the materials in-house.


Expert Solution
Questions # 219:

A project manager in one country is reporting to a lead project manager for a new software development project in another country. The lead project manager constantly

requests updates from the project manager, often demanding information via multiple communication channels if the project manager does not respond within a few minutes

of a request. Both of them are equal in seniority and both report to the same functional manager.

How should the project manager proceed?

Options:

A.

Update the communications management plan and the stakeholder engagement plan.


B.

Escalate the issue to the functional manager and explain the situation to them.


C.

Negotiate a mutually agreeable feedback cycle with acceptable timelines.


D.

Refer the lead project manager to the communications management plan.


Expert Solution
Questions # 220:

At a recent steering committee meeting, the project sponsor asked the project team to add a major feature to the final product. After consulting

with the project team, it is determined that the change will cause significant impacts to the original project delivery date and budget.

What should the project manager do to assess the priorities and meet the new objective?

Options:

A.

Submit a change order request with the new project objective to the project management office (PMO).


B.

Initiate a crashing routine to gain extra time for the added feature.


C.

Communicate the results and negotiate the needed resources and time with the stakeholder.


D.

Ask the project team to work overtime in order to accommodate the new changes.


Expert Solution
Questions # 221:

A project manager is leading a project that has been in execution for 1 year. An experienced team member is performing well, but often disagrees with the project manager and refuses to implement their decisions. Part of the team supports the team member's defiance, while the other team members do not.

What should the project manager do?

Options:

A.

Conduct a performance review and define and document the goals for the team member.


B.

Clarify decisions and request that the project team follows the project manager's decisions.


C.

Understand what the team member wants and find possible opportunities to address it.


D.

Remove existing ground rules and create new ground rules that support the project manager.


Expert Solution
Questions # 222:

A project is designed to provide local community members with health facilities that will support improved sanitation practices. What should the project manager do to

ensure the community members are up to date on project progress?

Options:

A.

Share project updates when requested by the stakeholders.


B.

Share project updates through regular community meetings.


C.

Share the annual reports virtually and in the local newspapers.


D.

Share the project reports with the sponsor to inform community members.


Expert Solution
Questions # 223:

A project manager has been assigned a project to build a new solar farm that will provide clean energy to a new housing complex. The government has decided to reduce

the tax on renewable energy products starting 1 January. The supplier has reached out and stated that the order placed for solar panels to be delivered on 20 December

might be delayed until early January. On the other hand, the project will face similar constraints due to the December holidays.

What should the project manager do about this risk?

Options:

A.

Update the risk register and take advantage of the opportunity.


B.

Review the supplier's contract to understand the terms of sale.


C.

Accept the risk and update the risk register.


D.

Insist that the supplier deliver the goods on the agreed date.


Expert Solution
Questions # 224:

A Scrum team has information radiators but must also keep stakeholders aware of their progress. In addition, the project management office (PMO) has specific templates for status reporting to management. The project lead realizes that a variety of reporting will be needed to satisfy enterprise and stakeholder needs.

What should the project lead do?

Options:

A.

Determine the minimum communications needed for the project, and adapt the communication plans as needed.


B.

Document only the plan for written communications, and send meeting invites for verbal communication sessions.


C.

Follow the project management office (PMO) guidelines for communications instead of generating a project communications management plan.


D.

Create a communications management plan informing all project team members and stakeholders who will receive what type of communication.


Expert Solution
Questions # 225:

An iteration is almost finished, but the team is struggling to complete the stories that require more time. What should the project manager do first?

Options:

A.

Meet with the project team to develop a proper resolution to the issue.


B.

Update the project artifacts to reflect the new deadlines reported.


C.

Request approval from the project sponsor to add more resources,


D.

Prepare documentation to explain the issue and communicate accordingly.


Expert Solution
Questions # 226:

A project is nearing completion when a critical resource can no longer work on the project. A temporary replacement is brought in from an external company to take over the role; however, complaints are soon received from other team members about this person's unprofessional conduct and behavior.

What should the project manager do first?

Options:

A.

Discuss the team charter with the new team member to align them with the agreed-upon conduct within the team.


B.

Report the new team member to human resources (HR) for disciplinary actions.


C.

Hold one-on-one meetings with the new team member and the rest of the team members to align the team charter.


D.

Ask the contracting agency to replace the temporary team member.


Expert Solution
Questions # 227:

A project manager who is new to a matrix organization has just been assigned to an internal software development project that is intended to

reduce conflicts in the company’s internal tracking system. With over 1,000 people in the company who will benefit from the software, the project

manager wants to ensure everyone is aware of the great progress the team is making. The project manager meets with the project team to decide

upon the most effective way to communicate progress.

What should the project manager do?

Options:

A.

Send weekly emails to each stakeholder providing them with the project's progress.


B.

Ask the project sponsor to disseminate project progress across the organization's stakeholders.


C.

Set up an intranet site and allow stakeholders to access the relevant project information.


D.

Divide up the organization among the project team to provide direct project updates.


Expert Solution
Questions # 228:

A customer complains that the user stories released so far contain too much jargon and do not reflect the expectations of the product. What should the project manager do

next?

Options:

A.

Request approval from the company director to conduct training for the team.


B.

Ask the senior developer to rewrite all the stories.


C.

Engage with the customer and rewrite all the stories.


D.

Rewrite the stories to include the technical vision of the product.


Expert Solution
Questions # 229:

A project team member wants to select specific challenging tasks in the subsequent iteration. How can the project lead help the team member in the next iteration?

Options:

A.

Assign the challenging tasks to the team member.


B.

Ask the product owner to assign the challenging tasks.


C.

Reprioritize the challenging tasks to future sprints.


D.

Coach the team member to pick up the challenging tasks.


Expert Solution
Questions # 230:

A risk was identified at the beginning of a project, and a response plan was established. Unforeseen consequences resulted in a higher level of

risk. The project manager has an idea that could address the new risk in an efficient way, but the response is different from the original risk

mitigation plan.

What should the project manager do?

Options:

A.

Submit the new response plan to the stakeholders for their review.


B.

Obtain management approval prior to implementing the new risk response.


C.

Use the management reserve to mitigate the risk.


D.

Implement the new response to address the risk.


Expert Solution
Questions # 231:

A junior project manager was recently hired to lead a complex project scheduled to kick off in 2 weeks. The junior project manager was introduced to another project

manager for mentoring.

Which two benefits will the junior project manager realize by being assigned to a mentor? (Choose two)

Options:

A.

The junior project manager reports administratively to their mentor so that human resource (HR) questions can be answered quickly.


B.

The junior project manager can discuss certain problems with their mentor without fear of retribution.


C.

The mentor will be immediately available to take over the project if there are problems or project delays.


D.

The mentor will be involved in the decision-making processes implemented by the junior project manager.


E.

The mentor can provide past project documentation with early warning indicators that potential problems could occur.


Expert Solution
Questions # 232:

In a marine construction project, the project manager is informed by the marine authority that the work permit will not be issued until certain environmental reinforcement work has been completed. After reviewing the project management plan, the reinforcement work is not included in the project scope.

What should the project manager do?

Options:

A.

Organize a meeting with the team and update the work breakdown structure (WBS).


B.

Raise this issue, and review and update the progress report for the next monthly project meeting.


C.

Start the organization's change control process via a change request.


D.

Communicate with an officer in the environmental protection department to check if it is necessary.


Expert Solution
Questions # 233:

A project manager has recently moved to an organization to lead a key project. The project manager notices that team performance is below the target, and the tasks assigned are not delivered on time. Team commitment is also not as appropriate as it should be.

What should the project manager do?

Options:

A.

Study and determine the appropriate leadership style suitable for the team.


B.

Hire a project team leader who can influence the project team members.


C.

Schedule a meeting and communicate the performance concern to the team.


D.

Apply an agile approach to help improve team performance.


Expert Solution
Questions # 234:

An agile team is facing a challenge with the quality of its deliverables. Every time a feature is promoted to production, many defects arise, preventing the customers from properly using the solution.

What should the project manager do to avoid this situation in the future?

Options:

A.

Create a team incentive program with prizes, allowing the team members to work overtime to find defects.


B.

Reduce the release cycle and invest more time on stabilizing the current features instead of releasing new ones.


C.

Hire a quality assurance specialist and integrate a second phase of testing into the current project life cycle.


D.

Use the next retrospective to understand the root cause of the quality issues and have the team come up with an action plan.


Expert Solution
Questions # 235:

A project manager is managing a few innovation projects with a high level of uncertainty. The project manager is experiencing challenges with the large number of change

requests issued due to the nature of the project.

What should the project manager do?

Options:

A.

Add a fixed number of change requests allowed by the client on the project baseline.


B.

Request sponsor approval for all change requests to reduce the number of changes.


C.

Initiate the number of iterations to reduce the number of change requests.


D.

Reduce the number of approvers required to implement a change request.


Expert Solution
Questions # 236:

A team member in an agile project informs the project manager they might not be able to finish an assigned task on time, which could generate an obstacle for the rest of

the team. What should the project manager do?

Options:

A.

Move the task to the next sprint.


B.

Ask the team member to bring up the concern in the next daily meeting.


C.

Send an email explaining the issue to all team members.


D.

Reassign the task to another team member.


Expert Solution
Questions # 237:

An agile project team received an assignment to develop an industrial system that interfaces with robots. The project team does not have any previous experience

performing this type of work. Team members are interested in acquiring such expertise but it may result in a project delay.

How should this situation be handled?

Options:

A.

Use a robotics vendor company to develop the interfaces so the team will not be held back by a lack of expertise in this type of work,


B.

Add an experienced professional to the team to reinforce knowledge sharing and help grow team expertise in the new product


C.

Create a separate team with experienced members who understand the technology and split the product backlog according to team specialization.


D.

Hire a consulting company to address the robotic interface questions, when necessary, and to help avoid delays and quality issues.


Expert Solution
Questions # 238:

A project manager is managing a technical project that requires intensive documentation as part of the key deliverables. Ina project review meeting, a key stakeholder reports that the latest documentation provided by the project manager includes a reference to unrelated products.

What should the project manager do?

Options:

A.

Ask the project management office (PMO) to support and review all deliverables.


B.

Log the issue in the risk register and the issue log.


C.

Assign a technical writer to the project.


D.

Develop a standard for document quality control.


Expert Solution
Questions # 239:

A project manager is leading an agile team. The daily standups and iteration meetings are currently facilitated by the product owner. A team member contacts the project manager and mentions that they are looking to improve their facilitation skills.

How should the project manager respond to this request?

Options:

A.

Ask the team member to review the lessons learned on facilitation from previous projects.


B.

Suggest that the team member facilitate an upcoming iteration and review the outcomes in the iteration retrospective.


C.

Engage their functional manager to determine if there is alignment to their development plan before agreeing.


D.

Add new elements to the project backlog to account for the training needs of the team member.


Expert Solution
Questions # 240:

During an agile team retrospective, a project team member mentions that the code quality is degrading, which might result in future rework that

could become unmanageable with time. What should the project manager do?

Options:

A.

Help the team create the definition of done (DoD) to improve delivery quality.


B.

Add testing items to the backlog to assess quality periodically.


C.

Expand the team in order to improve the quality of the project.


D.

Compare the cost of improving quality against the cost of failure and adjust the budget.


Expert Solution
Questions # 241:

A company's project management office (PMO) has started to implement iterative tools. The project manager is starting a new project and has

identified an opportunity to use the new tools. There is disagreement among stakeholders about the use of the adaptive tool.

What should the project manager do first?

Options:

A.

Investigate the reasons for the disagreement to understand the gap among the stakeholders and search for consensus.


B.

Discuss the situation with the stakeholders to evaluate other adaptive tools for the project.


C.

Schedule training sessions for the stakeholders on the benefits of the adaptive tools.


D.

Update the risk register and escalate the disagreement to the project sponsor and distribute the status to the team.


Expert Solution
Questions # 242:

A project team is globally distributed with team members living and working in different time zones. The project manager is trying to get the team

to collaborate effectively.

Which three actions should the project manager take to accomplish this goal? (Choose three)

Options:

A.

Require the team to have daily mandatory meetings with the project management office (PMO).


B.

Recommend the use of formal written documentation in all project communications.


C.

Review the communications strategy with the team regularly with a view for continuous improvement.


D.

Send out a survey to review the preferred method, time frequency for communications.


E.

Compile a communications management plan with input from all stakeholders and distribute for review and approval.


Expert Solution
Questions # 243:

A new team member is assigned to a team that consistently delivers each iteration. The new team member is does not understand many of the processes followed and begins to negatively impact the schedule.

What should the project manager do?

Options:

A.

Place the new team member on a performance improvement program.


B.

Ask another team member to take some of the new team member's work.


C.

Assign easier activities to the new team member.


D.

Allocate time within the iterations to mentor the new team member.


Expert Solution
Questions # 244:

A project manager is assigned to a project related to taxes, which will be managed using an agile approach. By reviewing lessons learned from a

previous project, the project manager discovers that a key stakeholder is an expert on taxes and is willing to help.

How should the project manager leverage this information?

Options:

A.

Ask the project team to review the lessons learned and have the team contact the stakeholder directly if there are any questions.


B.

Recognize the stakeholders skills are important for the project and evaluate the possibility of the stakeholder supporting the project team.


C.

Request the functional manager to assign the team from the lessons learned project to the current project to avoid a learning curve.


D.

Send a request to the project sponsor to hire the stakeholder and have them become part of the project team.


Expert Solution
Questions # 245:

A functional manager is concerned that the project's quality management techniques have advanced beyond the department's capabilities and wants the project team to review all quality management activities in two full-day workshops the following week. What should the project manager do next?

Options:

A.

Draft a project decision request to include in the scope for the current iteration and ask the sponsor to approve.


B.

Explain that the team is fully dedicated to the current sprint activities and negotiate a mutually agreeable time.


C.

Add this to the project backlog and have the product owner determine where it fits in terms of priority.


D.

Indicate that this was a not a requirement identified during project planning and it is outside of the scope.


Expert Solution
Questions # 246:

A project manager is managing an agile project for the first time. Early on, the project manager discovers the team is struggling to agree on the scope of a feature during a sprint.

How should the project manager help the team resolve the issue?

Options:

A.

Direct the senior-most member to determine the scope on behalf of the team.


B.

Discuss this with the team and decide what the scope of the feature should be.


C.

Ask the team to log the story in the product backlog and move on to the next feature.


D.

Encourage the team to collaborate to resolve their understanding of the feature.


Expert Solution
Questions # 247:

A senior employee with experience relevant to a highly complex project is seeking a promotion to be able to join the project. The employee has made a recommendation regarding the project. The project charter was recently approved.

How should the project manager address the employee's request?

Options:

A.

Evaluate the employee's recommendation by reviewing the lessons learned from a similar project.


B.

Create a salience model to determine if the employee will have influence on the project.


C.

Ask the project sponsor to revisit the project charter to consider the employee's recommendation.


D.

Assess the influence and power of the employee to see if the employee will add value.


Expert Solution
Questions # 248:

During execution of an agile project, a project manager realizes the budget is almost completely used, but the project is not close to being completed. What should the project manager do to address this concern?

Options:

A.

Review the project time line and find opportunities to reduce the project schedule.


B.

Review the budget with the project sponsor and ask for an increase to the budget


C.

Review the backlog and find opportunities to reprioritize the work and reduce the project scope


D.

Review the resource management plan and find opportunities to reduce project costs.


Expert Solution
Questions # 249:

A project manager determines that a critical path activity is going to be delayed. The team proposes a fallback plan that could get the project back on track; however, the plan would require an additional cost to an already tight budget.

What should the project manager do?

Options:

A.

Use the existing budget for executing the fallback plan and update the baseline.


B.

Add additional resources to the project to fast track certain activities and reduce delays.


C.

Evaluate the fallback plan proposed by the team and submit a change request, if required.


D.

Communicate the delay to stakeholders and maintain the existing budget baseline.


Expert Solution
Questions # 250:

A complex project is in the execution phase. A key stakeholder who is new to the project has not been approving project deliverables, which could impact the overall

progress.

What should the project manager do next?

Options:

A.

Capture this in the issue log and escalate it to the project sponsor.


B.

Meet with the stakeholder to understand what is causing the delays.


C.

Facilitate a brainstorming session to find potential workarounds.


D.

Discuss the need to influence this stakeholder with the sponsor.


Expert Solution
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