Project Management Professional (PMP) — Question 1266

A multinational company has a plan to expand their business into a new country where they currently have no presence. A project manager is assigned to initiate this project.
After reviewing the business case, what should be considered first when developing an appropriate implementation strategy?

Answer options

• A. Acquire project resources from the new country to mitigate the risk of uncertainty
• B. Evaluate the environmental and regulatory factors and identify high-level risks and assumptions
• C. Identify and monitor the risks closely since the company does not have lessons learned for this country
• D. Ensure that project sponsors are in agreement on the project deliverables and timeline during the project

Correct answer: B

Explanation

The correct answer is B because evaluating environmental and regulatory factors is crucial for understanding the market dynamics and compliance requirements in the new country. Options A, C, and D are important but should follow the initial assessment of risks and assumptions to ensure a solid foundation for the implementation strategy.