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APM-PMQ Exam - Topic 3 Question 20 Discussion

Actual exam question for APM's APM-PMQ exam
Question #: 20
Topic #: 3
[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:

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Alishia
9 hours ago
Wait, are we really considering tolerating the risk? That sounds risky!
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Ilene
6 days ago
Not sure about that, option D seems safer. Let the supplier handle it.
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Nana
11 days ago
I think option C is the best choice. Gotta be prepared!
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Maryanne
16 days ago
Looks like the supplier is trying to pull a fast one. I'd go with D.
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Emily
21 days ago
This question is a real storage nightmare! I'd go with C.
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Paola
26 days ago
B) Re-forecast the budget to include the likely additional cost.
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Svetlana
1 month ago
D) Transfer the risk to the supplier.
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Lashawn
1 month ago
I feel like re-forecasting the budget could be a reasonable response, but I wonder if that would delay the project timeline too much.
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Elvis
1 month ago
I’m a bit confused about whether tolerating the risk is wise here. It seems risky to assume there’s enough capacity without further checks.
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Shawnda
2 months ago
This scenario feels similar to a practice question we did about capacity planning. I think using the contingency budget might be a safer bet if we anticipate needing more storage.
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Zona
2 months ago
This is a tough one. I'm not entirely confident in my answer, but I think I'd go with option C. Using the contingency budget seems like the safest way to address the risk without causing major disruptions.
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Carey
2 months ago
I'm leaning towards option B - re-forecasting the budget. That way we can plan for the extra costs upfront rather than dipping into the contingency fund. But I'd want to get more details on the budget situation first.
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Doug
2 months ago
I remember we discussed risk responses in class, and I think transferring the risk to the supplier could be a good option, but I'm not entirely sure if that's always the best approach.
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Ilda
2 months ago
I think option C is best. We need to be proactive.
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Alton
2 months ago
Option D, transferring the risk to the supplier, seems like the best choice here. Since the issue is with the supplier's capacity planning, they should be responsible for covering the additional costs.
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Erick
3 months ago
C) Use the contingency budget to cover the purchase of additional storage.
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Ressie
3 months ago
I agree, C makes sense. Better to have extra storage ready.
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Bonita
3 months ago
Hmm, I'm not sure. The question is a bit tricky. I'd need to think through the pros and cons of each option more carefully before deciding.
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Yuriko
3 months ago
I think I'd go with option C - using the contingency budget to cover the additional storage. That seems like the most straightforward way to address the risk without disrupting the project too much.
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