Exam PMP topic 1 question 232 discussion

The project manager should have **B. Ensured the risk was adequately assessed and mitigated by the appropriate stakeholders**. This approach would have identified the potential delay in funding as a significant risk to the project. Once identified, the project manager could have worked with the stakeholders to develop a risk mitigation plan. This could have included securing additional funding sources, adjusting the project schedule, or developing a contingency plan in case the funding was delayed. This proactive approach to risk management could have prevented the suspension of work by the contractors.

B. Ensured the risk was adequately assessed and mitigated by the appropriate stakeholders

B. Ensured the risk was adequately assessed and mitigated by the appropriate stakeholders. Explanation: Starting a project without full funding in place is inherently risky. The best course of action the project manager could take is to ensure that this significant risk was identified, adequately assessed, and appropriate mitigation plans were in place. Involving the right stakeholders in this process is crucial since they could have insights or resources to deal with this particular risk.

The correct answer is: B. Ensured the risk was adequately assessed and mitigated by the appropriate stakeholders.

This is a significant risk and having a mitgation strategy makes most sense.

B. Ensured the risk was adequately assessed and mitigated by the appropriate stakeholders

B. Ensured the risk was adequately assessed and mitigated by the appropriate stakeholders.

Clearly there was a risk that funds during project execution may have been delayed, and was not mitigated. All other options apart from B would not have prevented the risk from affecting the project.

I select B The project should have anticipated and ensured that there was plan to mitigate the risk before the project starts

The correct answer would be A. Ensured the stakeholder anticipated obstacles to achieving financial closure on the remaining funds. One of the key responsibilities of a project manager is to ensure that the project has adequate funding to support its completion. In this scenario, the project started without having acquired full funding for the project, which was a risk that could have been identified during the planning phase of the project. To prevent such a situation from happening, the project manager should have identified potential risks associated with funding and worked with the appropriate stakeholders to mitigate those risks. This would have involved assessing the funding requirements of the project, identifying potential sources of funding, and developing a strategy for acquiring the necessary funds.