medium · Project Management Professional Predictive (Plan-Driven)
Briarpoint Municipal is overseeing a predictive bridge repair. Two threats exist: underwater fatigue (EMV: -$45,000) and a steel price hike (EMV: -$20,000). A regional partnership opportunity could offset costs (EMV: +$15,000).
If the steel price hike occurs, what is the correct action for the project manager?
- Wait for the underwater fatigue risk to occur before spending any reserve.
- Execute the planned response and fund it from the contingency reserve.
- Ask the regional partner to pay for the steel price hike immediately.
- Submit a change request to the CCB to cover the $20,000 cost.
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