Mary Is the Project Manager of the HGH Project for Her

question 104

Multiple Choice

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?

• A) External risk response
• B) Internal risk management strategy
• C) Contingent response strategy
• D) Expert judgment

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Definitions:

Airfares

The cost of a passenger flight ticket.

Winnipeg

A city in Canada, known as the capital of the province of Manitoba, with a diverse economy and cultural scene.

Percent Less

A term indicating a reduction or discount expressed as a percentage of the original price or value.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.