PMP Exam Practice Question and Answer 57 Risk Response

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PMP Exam Practice Question and Answer #57 - Risk Response | PMP Exam Prep, Project Management, PMP Exam • In a new software development project, the project manager, Alex, identifies a risk with high likelihood and probability to occur: the chosen technology stack, while being essential for the project's unique requirements, is new to the team. This unfamiliarity could lead to considerable delays in the project timeline. Additionally, due to strict data security policies, outsourcing any part of the development work is not feasible. Which of the following is the most appropriate risk response strategy for Alex to implement? • A) Switch to a technology stack that the team is more familiar with • B) Arrange for expert-led training sessions on the new technology stack for the team • C) Outsource the development work related to the new technology stack • D) Proceed with the current plan without making any changes • --------------------------------------------------------------------------------------------------- • The correct answer is : • *********************************** • Option B: Arrange for expert-led training sessions on the new technology stack for the team. • Option A (Switch to a familiar technology stack): This option compromises on the project's unique requirements, which can lead to not meeting the project's objectives or delivering a subpar product. The PMP framework emphasizes meeting project requirements and delivering value, so sacrificing key requirements is generally not advised. • Option B (Training): This is the most appropriate response as it addresses the root cause of the risk (team's unfamiliarity with the new technology stack) while adhering to the project requirements. Training enhances the team's capabilities, aligning with the PMBOK's emphasis on developing team competencies. Adjusting the schedule acknowledges the risk and proactively plans for it, demonstrating effective risk management. • Option C (Outsource to an external agency): While outsourcing is a valid risk response strategy in some cases, the scenario specifically mentions that strict data security policies prevent outsourcing. This makes Option C unfeasible. • Option D (Accept the risk without changes): This approach, known as risk acceptance, is typically used for risks that are minor or unavoidable. However, in this case, the risk is significant and can be mitigated, making acceptance a less favorable option. • PMP Exam Content Outline Mapping • --------------------------------------------------------- • Domain: Process • Task: Task 3 Assess and manage risks • ---------------------------------------------------------------------------------------------- • Consider following us on LinkedIn and subscribing on YouTube for more content like this. • ----------------------------------------------------------------------------------------------- • **Get PMP Free Practice Test - 2023 : • https://www.izenbridge.com/free-resou... • **PMP Daily Poll question bank : • https://www.izenbridge.com/kb/categor... • **PMP Agile questions bank: • https://www.izenbridge.com/kb/categor... • PMP Certification Training link: • ------------------------------------------------- • https://www.izenbridge.com/project-ma... • Also, you can email my support team for more questions at : [email protected] • Connect with us on WhatsApp : https://wa.me/919958287711 • ------------------------------------------------------------------------------------------------------ • Youtube : / izenbridge • Instagram : / izenbridgeofficial • LinkedIn : / izenbridge-consultancy-private-limited • Facebook : / izenbridge • #pmpizenbridge #PMPDaily #PMPExamQuestion #PMPExam #ProjectManagement • #pmpcertification

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