SOFTWARE ENGINEERING

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SOFTWARE PROJECT MANAGEMENT

RISK MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Question 23 of 100Question ID:612419A project manager is leading a new product development project. During project execution, the competitive advantage of this new product is threatened when another company is first to market with a similar product. This risk had been identified during initial planning and placed on a watch list.What should the project manager do next?
A
AAnalyze the impact of the risk on the project objectives
B
BRisks on the watch list do not have planned responses and can be ignored
C
CApply the contingency response plan developed for this risk
D
DTerminate the project since the competitive advantage has been lost
Explanation: 

Detailed explanation-1: -In most organizations, the product manager is considered to be higher in the hierarchy than the project manager. The product manager is responsible for the overall strategy, vision, and success of a product or product line; the project manager is responsible for the planning and execution of a specific project.

Detailed explanation-2: -Competitive advantages are conditions that allow a company to produce a service of equal value at a lower price. These conditions allow the productive entity to generate more sales or higher margins than its competitors in the market.

Detailed explanation-3: -Communication and interpersonal skills. It is often said that the primary reason projects fail is due to communication mishaps, not for technical reasons. Ability to negotiate and resolve conflicts. Building commitment within the team. 10-Apr-2019

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