Hard1 markMultiple Choice
Task 3: Assess and manage risksrisk managementregulatory complianceimpact assessmenthybrid projects

PMP · Question 17 · Task 3: Assess and manage risks

During the execution phase of a hybrid project, a new regulatory requirement is announced that could significantly impact the project's technical architecture. The requirement has a 6-month implementation deadline, but the full implications are not yet clear. The project is currently on track for delivery in 4 months. What should the project manager do FIRST?

Answer options:

A.

Continue with the current plan and address the regulatory requirement in a future phase

B.

Immediately halt the project until the regulatory requirements are fully understood

C.

Conduct a rapid impact assessment to understand the scope of changes required and develop response options

D.

Extend the project timeline by 6 months to accommodate the new regulatory requirements

How to approach this question

Look for risk assessment approaches that gather information and develop options before making major project decisions.

Full Answer

C.Conduct a rapid impact assessment to understand the scope of changes required and develop response options✓ Correct
Effective risk management requires rapid assessment of new threats to understand their impact and develop appropriate response strategies before making project decisions.

Common mistakes

Students often choose immediate action approaches rather than recognizing the need to assess impact and develop options first.

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