PMI-RMP Exam Dumps | A project team is leading a software development project. During the project kickoff meeting, the risk

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Question 60/127

A project team is leading a software development project. During the project kickoff meeting, the risk manager discovers that a vendor has not finalized the timeline for delivering an essential component. This creates uncertainty in the overall project schedule.
What should the risk manager do to address the risk?

A. Hold a meeting to assess the risk ' s impact and create a response plan with alternative timelines.

B. Adjust the overall project schedule based on assumptions about the vendor ' s timeline.

C. Defer the risk discussion until the vendor finalizes the timeline to prioritize the project ' s start.

D. Focus on internal risks and assume the vendor will resolve the issue independently.

Correct Answer: A

Best practice in risk management is to immediately assess the impact of identified risks and develop appropriate response plans. The PMBOK Guide confirms:
" When a risk is identified, its impact and likelihood should be assessed as soon as possible, and risk response strategies developed and agreed upon. "
- PMBOK Guide, 6th Edition, Section 11.5
This is especially important for critical dependencies such as vendor deliverables.
References:
PMBOK Guide, 6th Edition, Section 11.5
ISO 31000:2018, Section 6.5

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