PMP Question #1254: Real Exam Question with Answer & Explanation

Question

A global petroleum crisis has affected the distribution of crude oil in the region where the construction project is underway. Materials are not being delivered on time and this phase of construction is already behind for what was initially planned. What should the project manager do first to prevent the project from going further off track?

Options

• APropose a pause in this phase to save labor costs and asset depreciation.
• BProceed with the project using management reserves to cover any delays or losses.
• CEstablish new partnerships with other suppliers in anticipation of any delays.
• DPerform a risk assessment and define a risk response action plan.

Explanation

The project manager must first conduct a thorough risk assessment to understand the full impact of the petroleum crisis on material delivery and schedule, then define a comprehensive risk response action plan. This proactive approach helps mitigate further deviations.

Common mistakes.

• A. Proposing a pause might be a response, but it should come after a full risk assessment and evaluation of alternatives, as it has significant cost and schedule implications.
• B. Proceeding using management reserves is a reactive measure and should only be considered after assessing the risk and determining that it's the best response, not the first step in addressing an ongoing crisis.
• C. Establishing new partnerships is a potential risk response strategy, but it requires a prior assessment of the risk's nature, scope, and impact to determine if this is the most appropriate or feasible response.

Concept tested. Proactive risk assessment and response planning

Reference. https://www.pmi.org/pmbok-guide-standards/foundational/pmbok/risk-management

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