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PGMP · Question #485

PGMP Question #485: Real Exam Question with Answer & Explanation

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Program Risk Management

Question

A regional finance program is impacted by a new currency regulation issued by a country in the region. The new regulation requires changes to the financial statements of that country's branches by the end of the fiscal year. Failing to comply with the regulation may result in fines and/or closure of the branches. A branch general manager immediately meets with the program manager to select and secure a local fiscal expert to support the regulation, as these types of resources are in high demand. There is a high risk that the changes will not be completed on time if the resource is not secured. What should the program manager do to address the risk?

Options

  • ABuild a coalition with local companies that can influence the government to renegotiate the
  • BCreate fine and closure scenarios to assess the impact on the program and create a
  • CGenerate a delivery incentive contract with the selected fiscal expert to ensure on-time
  • DAssess the risk, incorporate it in the program's risk management plan, and meet with the

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Topics

#Program Risk Management#Risk Response Strategies#Contingency Planning#Compliance Risk
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