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Question 117 - PMI-RMP discussion

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A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects.

What should the project manager do in this situation?

A.

Escalate this initiative to project decision makers and sponsors.

Answers
A.

Escalate this initiative to project decision makers and sponsors.

B.

Accept the fact that there is a risk associated with this new technology.

Answers
B.

Accept the fact that there is a risk associated with this new technology.

C.

Take advantage of this opportunity of Improving the project performance.

Answers
C.

Take advantage of this opportunity of Improving the project performance.

D.

Outsource the implementation of the new technology as soon as possible.

Answers
D.

Outsource the implementation of the new technology as soon as possible.

Suggested answer: C

Explanation:

The project manager should escalate this initiative to project decision makers and sponsors, as they have the authority to approve changes in budget and scope. They can evaluate the potential benefits and associated with the new technology and make an informed decision on whether to proceed.

According to the PMBOK Guide1, an opportunity is a risk that would have a positive effect on one or more project objectives if it occurs. Opportunities are uncertain events or conditions that can enhance or facilitate the achievement of project goals, such as cost savings, schedule acceleration, quality improvement, or scope expansion. A project manager should take advantage of opportunities by implementing risk responses that seek to maximize their probability and/or positive impact. In this case, the project manager wants to introduce a new technology to improve the project's performance, which is an opportunity for the project. The project manager should take advantage of this opportunity by planning and executing appropriate risk responses, such as exploiting, enhancing, sharing, or accepting the opportunity.This is part of the Plan Risk Responses and Implement Risk Responses processes in the PMBOK Guide1.Reference:1: A Guide to the Project Management Body of Knowledge (PMBOK Guide) -- Sixth Edition.

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asked 14/11/2024
Michael Whitehouse
43 questions
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