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Exam PMP topic 1 question 231 discussion

Actual exam question from PMI's PMP

Question #: 231
Topic #: 1

A project manager is leading a project to develop accounting software for a trading firm. As the outcomes are being delivered, a new risk is identified regarding an indirect tax regulation that is being changed by the government in the next 6 months. This risk will have a significant impact on the project outcomes.
What should the project manager do next?

A. Determine the impact of the risk and prioritize outcomes that do not affect the tax module.
B. Delay developing the indirect tax module until the tax regulation comes into effect.
C. Assess the impact of the risk with an expert and prioritize further outcomes with the client.
D. Analyze the impact of the risk and discuss with the team to determine how to separate the tax module.

Show Suggested Answer

Suggested Answer: C 🗳️

by Nickybhai at Sept. 18, 2022, 2:44 p.m.

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K91

3 months ago

Selected Answer: C

Options to avoid this tax module seem wrong, so I think A, B and D are wrong.

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betterthanyesterday

6 months ago

Selected Answer: D

C. Assess the impact of the risk with an expert and prioritize further outcomes with the client. -> How to handle an additional cost for the expert consulting? D. Analyze the impact of the risk and discuss with the team to determine how to separate the tax module. -> The risk has already been identified. Now, the project manager needs to develop a plan to manage the tax module independently.

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Tunero

8 months, 1 week ago

After a risk is identified, the nest step is to assess the risk. Choice C is the most correct.

upvoted 1 times

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Lucky_Cindy

1 year, 7 months ago

Selected Answer: C

C. Assess the impact of the risk with an expert and prioritize further outcomes with the client.

upvoted 1 times

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Only12go

1 year, 7 months ago

Selected Answer: C

C. Assess the impact of the risk with an expert and prioritize further outcomes with the client. This is the best approach. Consulting with a tax expert will provide a clearer understanding of the potential changes and their implications. Moreover, involving the client ensures that they are kept in the loop and can participate in decisions about reprioritizing the project based on the new risk.

upvoted 2 times

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sam1721

1 year, 9 months ago

I initially thought D but C makes sense as you should consult with client on the outcome.

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Asakthi

1 year, 10 months ago

C. Assess the impact of the risk with an expert and prioritize further outcomes with the client.

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Asakthi

1 year, 10 months ago

C. Assess the impact of the risk with an expert and prioritize further outcomes with the client.

upvoted 1 times

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SteAle

1 year, 10 months ago

Answer C. Described in Section 4.1.2.1. Expertise should be considered from individuals or groups with specialized knowledge or training in the following topics: - Previous similar projects, and - Qualitative risk analysis. Expert judgment is often obtained through facilitated risk workshops or interviews. The possibility of expert views being biased should be taken into account in this process

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victory108

1 year, 11 months ago

Selected Answer: C

C. Assess the impact of the risk with an expert and prioritize further outcomes with the client.

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AP2023S

2 years ago

Selected Answer: C

A, C and D are practically the same because they perform a risk analysis in some way...but C is the only answer that requires a decision TOGETHER with the customer who must be involved.

upvoted 4 times

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JMCCRAY

2 years, 1 month ago

Selected Answer: C

C. Assess the impact of the risk with an expert and prioritize further outcomes with the client. The project manager should assess the impact of the new tax regulation with an expert in the field to understand the potential impact on the project. Based on this assessment, the project manager should prioritize the project outcomes with the client to determine how to move forward. This could include delaying the development of the indirect tax module until the tax regulation comes into effect, prioritizing outcomes that do not affect the tax module, or analyzing the impact of the risk with the team to determine how to separate the tax module.

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Hung3102

2 years, 2 months ago

D seems correct

upvoted 1 times

Hung1

2 years, 1 month ago

Change answer to C. C. Assess the impact of the risk with an expert and prioritize further outcomes with the client. The best course of action for the project manager is to assess the impact of the risk with an expert in indirect tax regulations and prioritize further outcomes with the client. This approach will help the project manager to understand the potential impact of the new regulation on the project outcomes and identify the most critical outcomes that need to be prioritized to mitigate the risk. By involving an expert in the assessment process, the project manager can also ensure that the analysis is accurate and reliable. Option D is not a suitable approach as it only considers analyzing the impact of the risk and discussing with the team to determine how to separate the tax module without involving an expert in the assessment process. This approach may lead to inaccurate or incomplete analysis, resulting in incorrect decisions and increased project risks.

upvoted 5 times

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