PK0-005 Question #120: Real Exam Question with Answer & Explanation

Question

A project manager is assigned to a large, complex project that is very new to the organization. Because of huge expenditures, the project cannot be cancelled after it starts. Which of the following is most important for the project manager to do FIRST?

Options

• ACarefully select the vendor.
• BIdentify and evaluate risks.
• CEstablish change management procedures.
• DEvaluate the resource pool.

Explanation

For a large, complex, and high-expenditure project that cannot be cancelled once started, the project manager's most critical initial action is to identify and evaluate risks. Proactive risk management is essential to prepare for and mitigate potential issues that could threaten such a critical project.

Common mistakes.

• A. While vendor selection is important, it typically occurs after initial planning and risk assessment to ensure the right vendor aligns with identified needs and risks.
• C. Establishing change management procedures is crucial for project execution, but it's a part of overall planning that follows initial risk identification.
• D. Evaluating the resource pool is important for resource planning, but understanding the inherent risks of a new, complex project takes precedence as the absolute first step.

Concept tested. Initial project risk management

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