A project manager is working on a project that involves significant interaction with a governmental regulatory agency. The project team has identified a potential change in regulations that could impact the project. What should the project manager do first?
PMP Business Environment

Quiz
•
Business
•
12th Grade
•
Medium
Tony Prensa, PMP
Used 11+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Ignore the change until it is officially announced.
Inform the project sponsor and stakeholders about the potential change.
Perform a risk analysis to understand the impact of the potential change.
Halt the project until more information is available.
2.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
During project execution, a significant change in the economic environment affects the project's financial projections. What should the project manager do?
Ignore the changes and proceed as planned.
Update the financial projections and communicate the changes to stakeholders.
Halt the project until the economic environment stabilizes.
Request additional funding from the project sponsor immediately.
3.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
A project manager is managing a project that must comply with both local and international regulations. What is the best approach to ensure compliance?
Focus on complying with local regulations only.
Develop a compliance management plan that addresses both local and international regulations.
Follow the less stringent regulation to save costs.
Rely on the legal department to handle all compliance issues.
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
During a project, the project manager learns about a pending change in tax laws that could significantly increase the cost of the project. What is the project manager’s best course of action?
Ignore the change since it is not yet effective.
Communicate the potential impact to stakeholders and update the risk register.
Speed up the project to complete it before the new tax law takes effect.
Reallocate the budget to cover the potential increase in cost.
5.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
A project manager is working on a project that is subject to frequent changes in government policy. What is the best strategy to manage this uncertainty?
Develop a robust change management plan and monitor policy changes continuously.
Ignore government policy changes and stick to the original project plan.
Delay the project until government policies stabilize.
Focus on project execution and deal with policy changes as they arise.
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
A project is in the execution phase when a new environmental regulation is passed that affects the project's deliverables. What should the project manager do?
Update the project management plan to comply with the new regulation.
Ignore the regulation until an audit is scheduled.
Wait for the regulatory body to contact them directly.
Apply for an exemption from the new regulation.
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
A project team discovers that new privacy laws have been enacted in the region where their project is being implemented. What is the project manager’s next step?
Continue with the project as planned since the laws are new.
Assess the impact of the new privacy laws on the project and update the project plan accordingly.
Wait until the project sponsor brings up the issue.
Hire a legal consultant to handle the compliance issues without informing the team.
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