In the daily checkin meeting a team member informs the proje

In the daily checkin meeting a team member informs the proje - PMP Prep

Question

In the daily check-in meeting, a team member informs the project team that the licenses for one of the components that will be used will expire in a couple of months. The licensing cost is significant.

What should the project manager do next?

Answers

Escalate the licensing issue to the product owner.
Raise a change request to secure the renewal.
correct

Evaluate the impact of nonrenewal of the license.
Add a spike to the backlog for an alternative design.

Explanation

The correct answer is: Evaluate the impact of nonrenewal of the license.

The project manager should first assess the implications of not renewing the license, as this could significantly affect the project's timeline, budget, and deliverables. Understanding the potential risks and consequences allows the project manager to make informed decisions about whether to pursue renewal, seek alternatives, or adjust project plans. This evaluation is crucial for proactive risk management and ensuring that the project remains on track despite potential licensing issues.

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