Exam PMP topic 1 question 131 discussion

Also going with A. When faced with a risk related to a potential delay in the delivery of solar panels for a solar farm project, the project manager should review the supplier's contract to understand the terms of sale. By doing so, the project manager can assess the contractual obligations and determine if there are any provisions or clauses that address delays or provide remedies in such situations. the other info (tax opportunity, Dec holidays) is extraneous and not relevant over the more pertinent risk.

From PMI Infinity: C. Update the risk register and take advantage of the opportunity Rationale: The potential delay in the delivery of solar panels presents a risk, but it also offers an opportunity due to the tax reduction on renewable energy products starting in January. By updating the risk register to document this situation and considering strategies to take advantage of the tax benefit, the project manager can turn the delay into a cost-saving opportunity while managing the associated risks.

when a risk occurs, the first thing to do is to UPDATE the risk register.

Option A - understand the impact and terms before proceeding.

Option (A) is correct. In this scenario, the project manager is faced with the risk of delayed delivery of solar panels, which could potentially impact the project timeline and budget. Simply updating the risk register without understanding the contractual obligations with the supplier may not adequately mitigate the risk. It's crucial to first review the supplier's contract to assess the implications of the potential delay and determine the best course of action. Once the contract terms are understood, the project manager can then update the risk register with accurate information and consider leveraging the opportunity presented by the government's tax reduction in conjunction with managing the supplier's delivery schedule.

I think first action is C. And C will then involves actions mentioned by A (after risks have been analyzed). D is wrong because "accept" means let it happen.

CHATGPT says D the project manager should accept the risk of potential delivery delays due to the December holidays, update the risk register, and explore alternative options to mitigate the impact on the project's objectives. Effective communication and stakeholder management are essential to navigate this risk and find appropriate solutions.

C. Update the risk register and take advantage of the opportunity

Why not D?

It is positive risk that should be exploited

It is risk. I will choose A

It's not a risk, it's an opportunity. I'd go with "exploit".