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PK0-003 · Question #410

A team member on a project uncovers a minor risk with the quality of a purchased component. The team uses their combined expert judgment to determine that the risk to the deliverable is very low. Whic

The correct answer is D. Document the risk in the risk register, accept it and refer to the agreed vendor contracts for. For a minor risk with very low impact identified through expert judgment, the project manager should document it in the risk register, accept it, and refer to existing vendor contracts if applicable.

Project management concepts

Question

A team member on a project uncovers a minor risk with the quality of a purchased component. The team uses their combined expert judgment to determine that the risk to the deliverable is very low. Which of the following is the MOST likely action the project manager should take?

Options

  • AIssue a change request to the change control board to select a different vendor from the
  • BCall a project team meeting to discuss the risk and communicate the issue directly with the
  • CContact the vendor and request a thorough review of the products architecture.
  • DDocument the risk in the risk register, accept it and refer to the agreed vendor contracts for

How the community answered

(27 responses)
  • A
    7% (2)
  • B
    4% (1)
  • C
    15% (4)
  • D
    74% (20)

Why each option

For a minor risk with very low impact identified through expert judgment, the project manager should document it in the risk register, accept it, and refer to existing vendor contracts if applicable.

AIssue a change request to the change control board to select a different vendor from the

Issuing a change request to select a different vendor is an excessive and costly response for a minor risk with very low impact.

BCall a project team meeting to discuss the risk and communicate the issue directly with the

Calling a full project team meeting specifically to discuss a minor risk with very low impact is likely an overreaction and an inefficient use of team time.

CContact the vendor and request a thorough review of the products architecture.

Contacting the vendor for a thorough architecture review is an active and potentially costly response that is disproportionate to a minor risk with very low impact.

DDocument the risk in the risk register, accept it and refer to the agreed vendor contracts forCorrect

For a minor risk with very low impact, the most appropriate response is to accept it, meaning no active action is taken to change its probability or impact, but it must be documented for tracking, and existing contracts may define recourse.

Concept tested: Risk Response Strategies - Acceptance

Topics

#Risk management#Risk acceptance#Risk register#Expert judgment

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