ExamTopics Logo
Mail Us[email protected]
Menu
Pmi Discussions
exam questions

Exam PgMP All Questions

View all questions & answers for the PgMP exam
Go to Exam

Exam PgMP topic 1 question 356 discussion

Actual exam question from PMI's PgMP
Question #: 356
Topic #: 1
[All PgMP Questions]

A regional finance program is impacted by a new currency regulation issued by a country in the region. The new regulation requires changes to the financial statements of that country's branches by the end of the fiscal year. Failing to comply with the regulation may result in fines and/or closure of the branches. A branch general manager immediately meets with the program manager to select and secure a local fiscal expert to support the regulation, as these types of resources are in high demand. There is a high risk that the changes will not be completed on time if the resource is not secured.
What should the program manager do to address the risk?

  • A. Build a coalition with local companies that can influence the government to renegotiate the imposed deadline.
  • B. Create fine and closure scenarios to assess the impact on the program and create a contingency plan.
  • C. Generate a delivery incentive contract with the selected fiscal expert to ensure on-time delivery of the revised financial statements.
  • D. Assess the risk, incorporate it in the program's risk management plan, and meet with the steering committee.
Show Suggested Answer Hide Answer
Suggested Answer: D 🗳️
by hanyulin at Dec. 18, 2023, 2:10 a.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
tungdt
10 months, 2 weeks ago
I choose D.
upvoted 1 times
...
Musfiq
11 months, 3 weeks ago
Selected Answer: D
Agree with Removed's comment
upvoted 1 times
...
[Removed]
1 year, 5 months ago
Selected Answer: D
D. Assess the risk, incorporate it in the program's risk management plan, and meet with the steering committee. In this scenario, the program manager should first assess the risk associated with the new currency regulation and its potential impact on the program. This risk assessment should then be incorporated into the program's risk management plan, outlining potential strategies for mitigating the risk.
upvoted 2 times
...
hanyulin
1 year, 5 months ago
Selected Answer: B
B is the right answer.
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel