PMI Project Management Professional Practice Question
During the execution phase of a construction project, the project manager observes that the scheduled completion date might slip due to an unexpected delay in regulatory approval for a building extension. What should the project manager do first to manage this newly identified risk?
Update the risk register to include the new risk, its potential impacts, and propose risk response strategies.
Increase resources in other areas to compensate for the potential delay.
Wait to see if the regulatory approval will indeed cause a delay before taking any action.
Reschedule all work to a later date based on the assumption that the delay will occur.
PMI Project Management Professional
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