PMI-RMP Question #533: Real Exam Question with Answer & Explanation

Question

A supplier Is delayed in delivering fuel for a project. The project manager anticipated this risk and is requesting fuel from another supplier. When speaking with the other supplier, a new risk appears because fulfilling the order will cause delays with several other projects. After performing a detailed analysis, what should the risk manager do?

Options

• AEscalate the problem to the project sponsors.
• BExecute the approved risk response plan.
• CNegotiate with the supplier to resolve the problem.
• DAssign a team member to update the issue leg.

Explanation

One of the tasks in the domain of Risk Response is to execute the approved risk response plan in accordance with project guidelines and procedures. A risk response plan is a component of the project management plan that describes the agreed-upon and funded actions to address the project risks, both positive and negative. In this scenario, the risk manager should execute the approved risk response plan to deal with the new risk that appears when requesting fuel from another supplier, which will cause delays with several other projects. The risk response plan should have been developed and approved during the risk response planning process, which involves selecting and prioritizing the appropriate risk strategies and actions for each risk. The risk response plan should also be aligned with the project guidelines and procedures, which are the rules and directions that define the project's scope, schedule, cost, quality, and other aspects. The risk manager should not escalate the problem to the project sponsors, because that is not a risk response strategy, but rather a way to seek higher-level authority or support for a risk that is outside the project's scope or influence. The risk manager should not negotiate with the supplier to resolve the problem, because that is not a risk response strategy, but rather a procurement management technique that involves reaching a mutually acceptable agreement with the supplier on the terms and conditions of the contract. The risk manager should not assign a team member to update the issue log, because that is not a risk response strategy, but rather a risk monitoring and reporting technique that involves tracking and documenting the issues that have occurred or are currently affecting the project.

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