A company initiated a project to introduce a new product to the market. The product must undergo the industry's regulatory process prior to approval and launch. However, the company sees a great demand for this product and wants it to launch as soon as possible. What should the project manager do to realize this opportunity?

Questions › Category: PMP › A company initiated a project to introduce a new product to the market. The product must undergo the industry’s regulatory process prior to approval and launch. However, the company sees a great demand for this product and wants it to launch as soon as possible. What should the project manager do to realize this opportunity?

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Admin Staff asked 1 year ago

A company initiated a project to introduce a new product to the market. The product must undergo the industry's regulatory process prior to approval and launch. However, the company sees a great demand for this product and wants it to launch as soon as possible.
What should the project manager do to realize this opportunity?

A. Communicate with the industry's regulatory authority to grant the company an exception.

B. Hire a third party who is an expert on the industry's regulations to work out the details.

C. Escalate the issue to the company's CEO who has experience with the regulations.

D. Comply with the regulatory requirements and work to compress the project schedule.










Correct Answer: D

This question is in PMP exam
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