easy · Project Management Professional predictive
Quayport Logistics is expanding its automated terminal. The project manager identifies a risk that new environmental regulations might delay the permitting process. Qualitative analysis shows the risk has a high probability and a high impact.
What is the next step?
- Develop a risk response plan and assign an owner to monitor the regulation.
- Escalate the risk to the port's legal department immediately.
- Increase the project's contingency reserve by 10% to cover any potential fines.
- Document the risk in the issue log as a confirmed delay.
Sign up free to see the explanation and track your rank →
More Project Management Professional predictive practice
- What should the project manager do?
- Which logical relationship should be recorded in the schedule model?
- A project manager at Harborline Transit is asked by a stakeh… — Which 'Mindset' rule does
- A project manager at Ironvale Grid is leading a session to b… — What is the name of this t
- What is the best action?
- What should the project manager have included in the closure documents to address this?
- During the construction of the Ironvale Grid transmission li… — How should this be represe
- Which process is being performed?