PMP · Question #762
A project to develop a banking product is in the execution stage New regulations from the government are significantly affecting product development. Stakeholders are concerned about whether the…
The correct answer is C. Showcase progress toward the targets and revalidate a project work plan. When new regulations impact a project and raise stakeholder concerns about planned benefits, the project manager should first demonstrate current progress and re-evaluate the work plan to address these changes.
Question
Options
- AReforecast and revalidate the benefits baselines and targets
- BEscalate the issue to the sponsor and request more funding.
- CShowcase progress toward the targets and revalidate a project work plan.
- DOptimize alignment between the stakeholder needs and project objectives.
How the community answered
(56 responses)- A14% (8)
- B4% (2)
- C75% (42)
- D7% (4)
Why each option
When new regulations impact a project and raise stakeholder concerns about planned benefits, the project manager should first demonstrate current progress and re-evaluate the work plan to address these changes.
While reforecasting benefits might be necessary eventually, it is a later step after understanding the impact on the current work and progress.
Requesting more funding without first assessing the impact of the regulations on the work plan and benefits is premature and reactive.
When new regulations significantly impact a project and stakeholders are concerned about benefits, the project manager should first showcase the current progress and revalidate the existing project work plan. This step helps to assess the actual impact of the changes on the project's ability to meet objectives and benefits, providing a data-driven basis for subsequent decisions and stakeholder discussions.
Optimizing alignment between stakeholder needs and project objectives is a continuous process, but the immediate concern is the impact of new regulations on the current project's ability to deliver planned benefits, which requires assessing the work plan first.
Concept tested: Project change management and benefit realization
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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