A stakeholder is asking a project team to hire an external vendor with more expertise and capacity to accelerate a delivery plan. The team has some concerns about this request. What should the risk…

Question

Options

• AConduct a strengths weakness, opportunities, and threats (SWOT) analysis.
• BCreate a contingency plan
• CStart a vendor assessment
• DSubmit a change request

• A
  15% (8)
• B
  8% (4)
• C
  73% (38)
• D
  4% (2)

Explanation

Before any decision can be made about engaging an external vendor, the risk manager needs objective information about that vendor's capabilities, capacity, track record, risks, and costs. A vendor assessment provides this foundation and directly addresses the team's concerns by evaluating whether the vendor can actually deliver what the stakeholder expects. It is the first logical step before creating a contingency plan (B), which requires knowing the risks the vendor introduces. A SWOT analysis (A) could be part of the assessment but is not the first independent action. Submitting a change request (D) is premature-you must first evaluate the vendor to understand what changes would be needed and whether the engagement is advisable.

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