PMP Practice Questions #29
As the project manager of an ongoing project, you’ve encountered several challenges lately. Further analysis indicates these issues were foreseeable and could have been preemptively addressed with proper planning. What should be your primary course of action?
A) Seek advice from your PMO on risk management.
B) Reassess your risk management strategy.
C) Enroll your team in risk management training.
D) Allocate extra funds for unexpected events
In this scenario, the project manager of an ongoing project is facing challenges that were foreseeable with proper risk planning. The dilemma now is to decide the primary course of action to address these issues and prevent them from recurring.
Analysis of Options:
Option A: Seek advice from your PMO on risk management: This option is about leveraging organizational process assets and understanding what best practices or guidelines the Project Management Office (PMO) might have to offer. While this could provide valuable insights, it does not necessarily address the root cause of the problem. It’s a supportive action but might not be comprehensive enough.
Option B: Reassess your risk management strategy: This option seems relevant. The term “risk audit” is implied here. This involves a thorough review of the risk management process, identifying gaps, and making necessary adjustments. Given that the issues were foreseeable, there’s a clear indication that the current risk management strategy is lacking. Reassessing it would allow the project manager to understand and rectify the shortcomings in the existing process.
Option C: Enroll your team in risk management training: While educating the team on risk management could be beneficial, it assumes that the root cause of the issues is a lack of knowledge, which may not be the case. Training could be a part of the solution, but it doesn’t address other potential gaps in the strategy such as process, communication, or resource allocation.
Option D: Allocate extra funds for unexpected events: This option is about acceptance and contingency planning. However, merely allocating funds without addressing the root cause is a band-aid solution. It doesn’t resolve the core issue of foreseeable challenges not being preemptively addressed.
Conclusion: Given the options, Option B stands out as the most comprehensive and appropriate action. Reassessing the risk management strategy addresses the core issue, ensuring that foreseeable challenges are identified and addressed preemptively in the future. Among the presented choices, Option B emerges as the optimal solution.
PMP Exam Content Outline Mapping
|Process||Task 3: Assess and manage risks|
- Risk Audit
- Risk Assessment
- Continuous Improvement
- Lesson Learned