Mary is the project manager of the HGH Project for her company. She and her project team have agreed that if the vendor is late by more than ten days they will cancel the order and hire the NBG Company to fulfill the order. The NBG Company can guarantee orders within three days, but the costs of their products are significantly more expensive than the current vendor. What type of a response strategy is this?
Suggested Answer: B
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12 comments · newest first
MO
Mona
1 year ago
The NBG Company guarantees orders in three days, that's impressive!
CA
Carlene
1 year ago
Wait, are they really willing to pay more just for speed?
BI
Billy
1 year ago
Definitely a contingency plan, they have a backup ready!
FE
Felice
1 year ago
I disagree, it seems more like an internal risk management approach.
AL
Alpha
1 year ago
Sounds like a contingent response strategy to me!
RO
Rossana
1 year ago
I remember a practice question that was similar, and it was definitely about having a backup plan, which sounds like a contingent strategy to me.
VA
Valda
1 year ago
I'm not entirely sure, but it feels like it could also be an external risk response since they're involving a different company.
MI
Miriam
1 year ago
I think this might be a contingent response strategy since they have a specific plan if the vendor is late.
QU
Quentin
1 year ago
I’m torn between B and C. I know it’s about managing risks, but I can't recall the exact definitions right now.
AN
Antione
1 year ago
Hmm, I think I've seen something about script file size limits before, but I can't quite remember the exact number. I'll have to think this through carefully.
HE
Herminia
1 year ago
This looks like a straightforward question on estimating project durations. I think the key is to remember the different techniques we've learned, like analogous and parametric estimating.
NA
Nana
1 year ago
Ah, the Bell-La Padula model, of course! That's the one that focuses on confidentiality and access control for classified data. I remember studying that in detail, so I'm confident that's the right answer.