PMI Project Management Professional Practice Question
During the execution phase of a construction project, you have previously identified the risk that a critical piece of machinery might fail due to its age and constant use. Today, your on-site foreman informs you that the machinery has indeed malfunctioned and is now out of service, delaying work. As the project manager, how should you interpret this event?
The risk has transitioned into an issue and immediate action must be taken to address it.
The event should be ignored as it falls outside the project scope and will be self-resolved.
This is still considered a risk and should be monitored according to the risk management plan.
The machinery failure is unrelated to the project's risks and should be dealt with separately by the operations team.