PMP · Question 19 · Task 3: Assess and manage risks
During a risk assessment workshop, the project team identifies that a key supplier might not be able to deliver critical components on time due to their own supply chain issues. The probability is assessed as medium (50%) and the impact on the project schedule would be high (4-week delay). What should the project manager do FIRST?
Answer options:
Accept the risk and build a 4-week buffer into the project schedule
Find an alternative supplier immediately to avoid the potential delay
Work with the supplier to understand their supply chain issues and explore mitigation options
Escalate the risk to the sponsor for a decision on how to proceed
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