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Question # 45

A company has been awarded a large government contract to develop a new transportation system. There is uncertainty surrounding the project's timeline. The project team is struggling to finalize the project's budget due to unclear estimates from vendors. An updated vendor price list detailing the costs of available technologies is an essential component in determining the project's final cost. The project team will not be able to finalize the project's timeline until the budget is finalized.

What should the risk manager do?

Options:

A.

Request an extension to mitigate schedule constraints.

B.

Register the risks as vendor issues and avoid further action.

C.

Log the risk and the response strategies in the risk register.

D.

Catalog the risks as assumptions and avoid further action.

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RMP Overview

Name PMI Risk Management Professional (PMI-RMP)
Code RMP
Vendor Professional
Certification PMI

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