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Question 202

A regional finance program is impacted by a new currency regulation issued by a country in the region. The new regulation requires changes to the financial statements of that country's branches by the end of the fiscal year. Failing to comply with the regulation may result in fines and/or closure of the branches. A branch general manager immediately meets with the program manager to select and secure a local fiscal expert to support the regulation, as these types of resources are in high demand. There is a high risk that the changes will not be completed on time if the resource is not secured.

What should the program manager do to address the risk?

    Correct Answer: D

    The program manager should first assess the risk associated with the new currency regulation and its potential impact on the program. This assessment allows for a comprehensive understanding of the risk and its implications. Incorporating this risk into the program's risk management plan ensures that the program has a structured approach for managing it. Meeting with the steering committee allows for discussion on potential strategies and obtaining the necessary support and resources to address the risk effectively.

Discussion
[Removed]Option: D

D. Assess the risk, incorporate it in the program's risk management plan, and meet with the steering committee. In this scenario, the program manager should first assess the risk associated with the new currency regulation and its potential impact on the program. This risk assessment should then be incorporated into the program's risk management plan, outlining potential strategies for mitigating the risk.

tungdtOption: D

I choose D.

MusfiqOption: D

Agree with Removed's comment

hanyulinOption: B

B is the right answer.