PMI Risk Management Professional (PMI-RMP) — Question 189

A project team is managing a project with a tight deadline. During a risk planning session, a key risk is identified by the risk manager. There is a potential delay in receiving essential materials from an external supplier. This risk could significantly impact the project timeline and delivery.

What should the risk manager do to address the risk?

Answer options

• A. Wait to be informed by the supplier about delays before taking any action during project execution.
• B. Focus on improving supplier communication as a key success factor for the project.
• C. Acknowledge the risk but take no immediate action, assuming the supplier will deliver on time.
• D. Identify alternative suppliers to reduce dependency and add buffer time to the schedule as a contingency.

Correct answer: D

Explanation

The correct answer is D because identifying alternative suppliers and adding buffer time can help mitigate the risk of delays from the current supplier. Option A is ineffective as it relies on the supplier's communication rather than proactive measures. Option B, while beneficial, does not directly address the risk of delays. Option C is risky as it assumes the supplier will deliver on time without any backup plan.