hard · Project Management Professional Predictive (Plan-Driven)
At Valeport Energy, a predictive project to upgrade power grid sensors relies on a single vendor for encryption chips. The vendor has just filed for bankruptcy.
How should the project manager categorize this situation?
- As a high-impact risk that requires an immediate update to the risk register.
- As a change request to the cost baseline to account for higher prices from a new vendor.
- As a secondary risk arising from the original procurement management plan.
- As an issue that requires the implementation of the planned contingency response.
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