Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

APM Exam APM-PMQ Topic 2 Question 15 Discussion

Actual exam question for APM's APM-PMQ exam
Question #: 15
Topic #: 2
[All APM-PMQ Questions]

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?

Show Suggested Answer Hide 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.


Contribute your Thoughts:

Joaquin
30 days ago
Hmm, I'm torn between C and D. Maybe we can get the supplier to throw in a free upgrade to the latest and greatest storage tech? Gotta think outside the box here!
upvoted 0 times
...
Susy
1 months ago
I think we should use the contingency budget for additional storage.
upvoted 0 times
...
Roslyn
1 months ago
I believe we should transfer the risk to the supplier.
upvoted 0 times
...
Ty
1 months ago
A? Really? Tolerate the risk? That's like driving a car without seatbelts and hoping for the best. Not my kind of strategy!
upvoted 0 times
...
Detra
1 months ago
I agree with Mica, it's important to include the additional cost.
upvoted 0 times
...
Danica
1 months ago
B is the way to go. Gotta be proactive and adjust that budget to account for the increased storage requirements. No point in playing guessing games.
upvoted 0 times
...
Mica
1 months ago
I think we should re-forecast the budget.
upvoted 0 times
...
Donte
2 months ago
D all the way! This is the supplier's problem, not ours. Let them figure it out and deal with the additional cost.
upvoted 0 times
Justine
1 months ago
A) Tolerate the risk as there may be sufficient storage capacity.
upvoted 0 times
...
...
Maurine
2 months ago
C seems like the obvious choice. We've got a contingency budget for a reason, right? Why not just use that to cover the extra storage needs?
upvoted 0 times
Annmarie
1 months ago
C) Use the contingency budget to cover the purchase of additional storage.
upvoted 0 times
...
Charlena
1 months ago
B) Re-forecast the budget to include the likely additional cost.
upvoted 0 times
...
Malcom
1 months ago
A) Tolerate the risk as there may be sufficient storage capacity.
upvoted 0 times
...
Hannah
1 months ago
C) Use the contingency budget to cover the purchase of additional storage.
upvoted 0 times
...
Martina
1 months ago
A) Tolerate the risk as there may be sufficient storage capacity.
upvoted 0 times
...
...

Save Cancel