A project manager leading a new financial software deployment has gathered a lengthy list of compliance requirements. The list includes GDPR for data privacy, Sarbanes-Oxley for financial controls, and the company's internal data handling policies. To manage these diverse obligations effectively, what is the most appropriate next step for the project manager to take?
Immediately assign a risk owner to each identified compliance requirement.
Prioritize the requirements based on the potential financial penalties for noncompliance.
Group the requirements into categories such as legal, regulatory, and organizational.
Develop a detailed audit plan to measure the project's adherence to all requirements.
The correct action is to classify the compliance requirements into logical groups, such as legal, regulatory, and organizational. This step, known as classifying compliance categories, is a foundational part of planning for project compliance. It allows the project manager to organize the numerous requirements systematically before analyzing risks, developing response plans, or assigning ownership. Prioritizing based on penalties is part of risk analysis, which follows classification. Immediately assigning ownership or developing an audit plan are premature before the requirements are properly categorized and understood.
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 are the main categories of compliance in project management?
Open an interactive chat with Bash
Why is it critical to classify compliance requirements in a project?
Open an interactive chat with Bash
What tools or techniques can be used to manage compliance categories effectively?
Open an interactive chat with Bash
Project Management Professional
Business Environment
Your Score:
Report Issue
Bash, the Crucial Exams Chat Bot
AI Bot
Loading...
Loading...
Loading...
Pass with Confidence.
Project Management Package
You have hit the limits of our free tier, become a Premium Member today for unlimited access.
Military, Healthcare worker, Gov. employee or Teacher? See if you qualify for a Community Discount.
Monthly
$9.99
$9.99/mo
Billed monthly, Cancel any time.
3 Month Pass
$19.99
$6.66/mo
One time purchase of $19.99, Does not auto-renew.
BEST DEAL
Lifetime Pass
$29.99
One time purchase, Good for life.
What You Get
All Project Management Package plans include the following perks and exams .