CAPM Practice: Determine how to follow and execute planned strategies or frameworks
Question 17 of 100 in Determine how to follow and execute planned strategies or frameworks
Show answer & explanation
Correct answer: Implement the pre-planned risk response by engaging the alternative vendor
Explanation
When a risk with a pre-planned response occurs, the project manager should execute the planned strategy. The risk response plan already identified the alternative vendor as the mitigation approach, so Nils should implement it immediately.
**Why not A:** Escalating to the project sponsor is unnecessary when a pre-planned risk response already exists. The response plan was created specifically for this scenario, and the project manager has the authority and guidance to implement it immediately.
**Why not B:** Negotiating penalty fees with the original vendor addresses the commercial relationship but does not resolve the immediate project need for components. The priority is executing the planned response to keep the project on track, not pursuing contractual remedies.
**Why not D:** Revising the schedule to accommodate the delay is a reactive approach that accepts the impact rather than mitigating it. Since a pre-planned response (alternative vendor) exists, implementing that response should come first to avoid or minimize the schedule impact.
Key Concept
This question covers Determine how to follow and execute planned strategies or frameworks under Determine how to follow and execute planned strategies or frameworks (Project Management Fundamentals and Core Concepts).
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