CompTIA Project+ (PK0-005) — Question 201

During project execution, the team had to execute the risk mitigation plan for a given deliverable, which had an unplanned financial impact. Which of the following should the project manager do next?

Answer options

• A. Coordinate a phase gate review.
• B. Update the project budget.
• C. Conduct project meetings and updates.
• D. Monitor the vendor’s performance.

Correct answer: B

Explanation

The correct action is to update the project budget to reflect the financial impact caused by implementing the risk mitigation plan. Options A, C, and D do not directly address the immediate financial changes and therefore are not appropriate next steps in this situation.