Project Management Professional (PMP) — Question 976

A company initiated a project to introduce a new product to the market. The product must undergo the industry’s regulatory process prior to approval and launch. However, the company sees a great demand for this product and wants it to launch as soon as possible.

What should the project manager do to realize this opportunity?

Answer options

• A. Communicate with the industry’s regulatory authority to grant the company an exception.
• B. Hire a third party who is an expert on the industry's regulations to work out the details.
• C. Escalate the issue to the company’s CEO who has experience with the regulations.
• D. Comply with the regulatory requirements and work to compress the project schedule.

Correct answer: D

Explanation

The correct answer is D, as it emphasizes the importance of following regulatory processes while seeking ways to expedite the schedule. Options A and B may not guarantee compliance or timely approval, while C could delay the process without directly addressing regulatory requirements.