Crucial Exams

PgMP Practice Question

A program to develop a new financial services platform is in the execution phase. A significant and unexpected regulatory change is announced, requiring substantial adjustments to the platform's compliance and reporting modules. The legal department has submitted a formal change request with wide-ranging impacts on program scope, schedule, and budget. What is the program manager's most appropriate initial action?

  • Approve the change in principle and charter a separate, fast-tracked project to handle the regulatory requirements to isolate the impact.

  • Initiate a comprehensive impact analysis across all program components, engaging with project teams and stakeholders to quantify effects on benefits, costs, risks, and the schedule.

  • Instruct the compliance module's project team to absorb the new requirements within their existing budget and timeline to demonstrate efficiency.

  • Immediately escalate the change request to the program governance board for a go/no-go decision to avoid any delays in resolution.

PgMP
Governance
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