Crucial Exams

Project Management Professional Practice Question

A project manager is leading the development of a complex financial trading platform that uses a novel machine learning algorithm. The project team has identified several technical risks, but they are uncertain about potential regulatory compliance risks in the international markets where the platform will be launched. To address this, the project manager engages legal and compliance experts for a dedicated risk workshop. What is the primary value of using expert judgment in this situation?

  • It replaces the need for quantitative risk analysis by relying exclusively on the experts' qualitative assessments of the risks.

  • It serves to expand the risk register with as many potential risks as possible to demonstrate due diligence to all project stakeholders.

  • It leverages specialized insights to identify and analyze complex risks, such as regulatory compliance, that are outside the project team's immediate expertise.

  • It allows the project manager to transfer accountability for all compliance-related risks to the external experts.

Project Management Professional
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