medium · Project Management Professional Predictive (Plan-Driven)
Coveport Logistics is updating its predictive tracking software. The team identifies a server failure risk (EMV: -$6,000) and a data breach threat (EMV: -$12,000), alongside a cloud credits opportunity (EMV: +$8,000). After setting the contingency reserve to $10,000, the project manager notices the server failure probability has increased.
What should the project manager do next?
- Inform the sponsor that a budget overrun is now inevitable.
- Immediately move $10,000 from management reserve into the cost baseline, while documenting the decision in the issue log.
- Direct the developers to work overtime to avoid the server failure.
- Update the risk register and re-perform the EMV calculation to assess reserve adequacy.
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