PMP Practice Question: Process — Predictive, Medium
You are leading a pharmaceutical research project with strict regulatory requirements. During a risk review meeting, your team identifies a new risk: a potential change in regulatory standards that could require significant protocol modifications. The probability is estimated at 30% and the impact would be a 4-month delay and $200,000 in additional costs. The change, if it occurs, would happen in approximately 6 months. Your risk response strategy includes creating a contingency plan. What should you do NEXT?
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