Project Management Professional (PMP) — Question 778

A bank wants to initiate a new service for its customers that will also increase revenue. This service must comply with strict cyber regulation guidelines. Halfway through the project life cycle, the cyber regulations change, which has a large impact on the project.

What type of status report should the project leader present to the stakeholders?

Answer options

• A. A report including the change control process tor the requested changes and the updated risk register
• B. A report containing statistics, detailed tasks to be done, and an explanation of the impact of the changes
• C. A report that includes a detailed risk mitigation plan and action items for complying with changes
• D. A report that is concise and simple, and that clearly states the impact the changes will have

Correct answer: D

Explanation

The correct answer is D because stakeholders need a clear and straightforward understanding of how the regulatory changes will affect the project. While options A, B, and C provide valuable information, they may overwhelm stakeholders with details when a concise summary is more effective for quick decision-making.