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Exam PMP topic 1 question 1005 discussion

Actual exam question from PMI's PMP
Question #: 1005
Topic #: 1
[All PMP Questions]

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?

  • 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.
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Suggested Answer: D 🗳️
by 517f9da at May 14, 2024, 11:29 p.m.

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MonBouj
1 month, 1 week ago
Selected Answer: D
D. Comply with the regulatory requirements and work to compress the project schedule. This option ensures that the project adheres to the necessary regulatory processes, which are crucial for product approval and safety. While it may be tempting to seek shortcuts or exceptions (as in option A), complying with regulations is essential to avoid legal issues and ensure the product is safe for consumers. By working to compress the project schedule, the project manager can explore ways to optimize the timeline without compromising quality or compliance, such as parallel processing of tasks or reallocating resources. This approach balances the urgency of launching the product with the need to meet regulatory requirements.
upvoted 1 times
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victory108
1 month, 1 week ago
Selected Answer: D
D. Comply with the regulatory requirements and work to compress the project schedule
upvoted 1 times
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martinx84
4 months, 3 weeks ago
Selected Answer: D
Comply regulatory requirements
upvoted 1 times
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517f9da
6 months, 1 week ago
Selected Answer: D
D. Comply with the regulatory requirements and work to compress the project schedule Ensuring compliance with regulatory requirements while working to compress the project schedule allows the project to meet industry standards and launch as soon as possible.
upvoted 1 times
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