PMI Risk Management Professional (PMI-RMP) — Question 173

A stakeholder is asking a project team to hire an external vendor with more expertise and capacity to accelerate a delivery plan. The team has some concerns about this request.

What should the risk manager do first?

Answer options

• A. Create a contingency plan.
• B. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis.
• C. Start a vendor assessment.
• D. Submit a change request.

Correct answer: C

Explanation

The correct first step for the risk manager is to start a vendor assessment to evaluate the potential partner's capabilities and fit for the project. This assessment addresses the team's concerns by providing a thorough understanding of the vendor's qualifications. Creating a contingency plan, conducting a SWOT analysis, or submitting a change request may be relevant later but do not directly address the immediate need to assess the vendor.