Tailor Based on Context

Correct Answer: risk tolerance

When tailoring project management processes, the project manager should assess the project's risk tolerance to determine the appropriate level of process formality. Risk tolerance indicates how much uncertainty and potential variation from the plan the organization is willing to accept, which directly influences how formal or flexible the processes need to be. The other factors, such as scope complexity, team size, and budget constraints, may also impact the tailoring process but are not as central as risk tolerance in determining the level of process formality.

Correct Answer: Simplify the project management processes by reducing formal documentation and implementing basic communication practices.

Implementing a simplified project management approach by reducing formal documentation and using basic communication practices is most appropriate for a small, co-located team with a straightforward scope. This approach enhances efficiency and reduces unnecessary overhead. In contrast, utilizing comprehensive processes, advanced resource management, or detailed change control systems may introduce unnecessary complexity for such a project context.

Correct Answer: 10 processes

To determine the number of processes to tailor, calculate 40% of the standard 25 project management processes. 40% of 25 is 10 processes. Therefore, the project manager should tailor 10 processes to align with the specific requirements of the software development project.