Certified Associate in Project Management (CAPM) — Question 255

While executing a building construction project, the supplier may delay the delivery and increase the cost of materials due to new safety regulations. The team has identified an option to absorb the cost by reducing the lag for some of the tasks.

What should the team do to ensure that this situation is managed?

Answer options

• A. Perform Quantitative Risk Analysis
• B. Plan Project Risk Management
• C. Implement Appropriate Response
• D. Perform Qualitative Risk Analysis

Correct answer: C

Explanation

The correct answer is C, as implementing an appropriate response allows the team to take immediate action to mitigate the impact of the supplier's delays and increased costs. Options A and D focus on analysis rather than direct action, while B is about planning rather than executing responses.