APM Exam APM-PMQ Topic 1 Question 11 Discussion

Actual exam question for APM's APM-PMQ exam

Question #: 11
Topic #: 1

You are leading a large-scale information technology project to migrate your company's data to the latest hardware. The delivery is being led by third-party suppliers, who were not involved in the design phase. The supplier has completed their capacity planning and has raised a potential risk that the current data may exceed the storage capacity of the new hardware purchased.

What type of risk response would you choose to mitigate this risk?

ATolerate the risk as there may be sufficient storage capacity.

BRe-forecast the budget to include the likely additional cost.

CUse the contingency budget to cover the purchase of additional storage.

DTransfer the risk to the supplier.

Show Suggested Answer

Suggested Answer: C

The best approach is to use the contingency budget because:

Defined Risk Response: Contingency budgets are designed to handle identified risks without impacting the project's main budget.

Stakeholder Agreement: It avoids escalating disputes with suppliers by addressing the issue proactively.

Unsuitable Options:

A: Tolerating the risk is impractical when the risk is confirmed.

B: Re-forecasting creates unnecessary delays and increases costs.

D: Transferring risk to the supplier could damage partnerships.

by Jamal at Apr 07, 2025, 10:39 PM

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Cordelia

22 days ago

Hmm, C sounds like the way to go. Gotta be prepared for the unexpected, even if it means dipping into the contingency fund. It's better than trying to squeeze more out of the supplier or crossing our fingers and hoping for the best.

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Olen

27 days ago

A. Tolerating the risk? Really? That's like driving off a cliff and hoping you land in a soft pile of leaves. Not the best strategy in my opinion.

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Glendora

28 days ago

B. Re-forecasting the budget is a good idea, but it might not be the fastest way to resolve the issue. I'd go with C to stay on top of the situation.

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Ilene

7 days ago

A) Tolerate the risk as there may be sufficient storage capacity.

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Curtis

1 months ago

I would go with option C and use the contingency budget to cover the purchase of additional storage. It's important to have a backup plan in place.

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Avery

1 months ago

I agree with Francisca. It's better to be prepared financially for any unexpected storage needs.

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2 months ago

I think the correct answer is C. Using the contingency budget to cover the purchase of additional storage seems like the most prudent approach. We should be prepared for potential hiccups in a project of this scale.

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1 months ago

I agree, using the contingency budget is a good way to handle unexpected costs.

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