You're managing a software development project with a tight deadline. Halfway through the project, an external vendor informs you of a significant delay in delivering a critical software component due to unforeseen technical issues. This delay could affect your project's critical path. What should you do to address this situation?
Proceed without taking action, expecting the vendor to resolve the issue soon.
Implement the contingency plan by using an alternative component to maintain the project schedule.
Wait for the vendor to deliver the component, avoiding changes that might introduce new risks.
Inform the stakeholders about the delay and request an extension of the project deadline.
Implementing the contingency plan by utilizing an alternative component helps to mitigate the risk of delays and keeps the project on schedule. Contingency plans are developed in advance to address unexpected issues and ensure project objectives are met. Requesting an extension without exploring existing contingency options may not be acceptable to stakeholders and could impact project credibility. Waiting for the vendor to resolve the issue risks further delays, and ignoring the problem can lead to project failure.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What is a contingency plan in project management?
Open an interactive chat with Bash
What is the critical path in project management?
Open an interactive chat with Bash
Why is waiting for a vendor to resolve an issue not recommended?