QuestionQ25

Project Life Cycle Phases

A project manager is assigned to a large, complex project that is entirely new to the organization. Because of the substantial expenditures involved, the project cannot be cancelled once it has begun. Which of the following is most important for the project manager to do FIRST?

  • A Carefully select the vendor.
  • B Identify and evaluate risks.
  • C Establish change management procedures.
  • D Evaluate the resource pool.
Explanation

Risk identification and evaluation are essential before an organization commits to an expensive, complex, and unfamiliar project that cannot be cancelled after initiation. This establishes the major uncertainties and potential impacts early enough to plan appropriate responses and make informed decisions.

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