PGMP · Question #452
After new private equity owners acquire an enterprise, they want to improve its value by reducing costs. A new program will restructure the enterprise, including an aging headquarters campus where…
The correct answer is B. Update the component project's risk register, issue log, implementation plan, and risk. When a component project is already behind schedule and creating increased risk to the program, the program manager's immediate responsibility is to ensure that risk and issue documentation is accurate and up to date. Updating the component project's risk register, issue log…
Question
After new private equity owners acquire an enterprise, they want to improve its value by reducing costs. A new program will restructure the enterprise, including an aging headquarters campus where the main data center is housed. A strategic component project presents significant risk to organizational objectives due to its complexity and dependencies on external parties. After a series of board meetings, the enterprise's investment committee approves a budget to implement this component project, which will move the old data center from the aging headquarters campus into a new colocation facility. Implementation of this component project may now begin, but is already one month behind schedule. The program manager now perceives significantly more risk to the larger program due to this delay. What should the program manager do to address this risk with the program sponsor and governance board?
Options
- AShare the concerns with the program sponsor to confirm understanding of the new
- BUpdate the component project's risk register, issue log, implementation plan, and risk
- CRevise the program budget, and implement the component project by managing it closely to
- DUpdate the program budget, and task the component project manager with implementing the
How the community answered
(15 responses)- B80% (12)
- C13% (2)
- D7% (1)
Explanation
When a component project is already behind schedule and creating increased risk to the program, the program manager's immediate responsibility is to ensure that risk and issue documentation is accurate and up to date. Updating the component project's risk register, issue log, and implementation plan (Choice B) reflects the current reality of the one-month delay and ensures the program's risk posture is properly captured. This is the foundational step before any escalation or budget revision can be justified. Choice A (sharing concerns with the sponsor) may come later but is premature without updated documentation. Choice C and D involve budget changes, which require a documented basis-the updated risk and issue artifacts-before being acted upon.
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