PMI CAPM (Certified Associate in Project Management) Examination Content OutlineRisk Management and ComplianceHard
During a project closure phase, an external audit reveals that certain legal disclosures required for project deliverables were overlooked. This oversight leads to potential legal liability for the organization. This situation represents a failure in which aspect of risk and compliance management?
- ARisk identification and analysis
- BCompliance monitoring and control
- CRisk response planning
- DStakeholder engagement
Show answer & explanationAnswer & explanation
Correct answer: B. Compliance monitoring and control
Overlooking required legal disclosures indicates a breakdown in continuously monitoring and controlling compliance requirements to ensure they are met throughout the project lifecycle.
Why the other options are wrong
- A. The legal disclosures might have been identified, but the issue is that they were 'overlooked' during execution and closure, pointing to a control failure.
- C. While a response plan might have been inadequate, the core issue is that the requirement was 'overlooked' during project execution/closure, implying a failure in active monitoring.
- D. Stakeholder engagement is about communication and managing expectations, not directly about ensuring legal compliance of deliverables.
Compliance Monitoring and Control
The process of continuously tracking project activities and deliverables against identified compliance requirements, ensuring adherence, and taking corrective actions when deviations occur.
- Ongoing process throughout the project.
- Ensures adherence to laws, regulations, and standards.
- Involves tracking, auditing, and corrective actions.
Memory trick: Overlooked rules? That's a monitoring fail!