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Crucial Exams

Project Management Professional Practice Question

You are leading a city-wide infrastructure upgrade project when you identify a significant risk that a major supplier may fail to deliver key materials on time due to recent financial instability. According to best practices in 'Perform Qualitative Risk Analysis,' what should you do FIRST?

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    Report the potential delay to project stakeholders, citing the financial issues as a major risk to timelines and costs.

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    Utilize a probability and impact matrix to prioritize the risk based on its likelihood and potential impact on project objectives.

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    Ignore the rumors about the supplier's financial issues, unless they fail to deliver as agreed upon.

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    Switch to an alternative supplier to mitigate the risk of late delivery.

Project Management Professional
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