You have been assigned as the Project Manager for a new project that involves building of a new roadway between the city airport to a designated point within the city.
However, you notice that the transportation permit issuing authority is taking longer than the planned time to issue the permit to begin construction.
What would you classify this as?
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A. B. C. D.D.
This is a project issue.
It is easy to confuse this as a project risk; however, a project risk is always in the future.
In this case, the delay by the permitting agency has already happened; hence this is a project issue.
The possible impact of this delay on the project cost, schedule, or performance can be classified as a project risk.
Incorrect Answers: A: It is easy to confuse this as a project risk; however, a project risk is always in the future.
In this case, the delay by the permitting agency has already happened; hence this is a project issue.
B, C: These are options are not valid.
The correct answer to the question is D. Project Issue.
An issue is a problem that needs to be addressed to keep the project on track. In this case, the transportation permit issuing authority is taking longer than expected to issue the permit, which can cause delays in the project's schedule.
The term "risk" is often used in project management to refer to potential problems that have not yet occurred. Risks are evaluated, and plans are put in place to mitigate or avoid them. In this case, the delay in getting the permit may have been identified as a risk during the project planning phase, and plans may have been put in place to minimize the impact.
A "status update" is a report on the current state of the project. It typically includes information on progress made, milestones achieved, and any issues that have arisen. While the delay in getting the permit would be included in a status update, it would not be classified as a status update in itself.
A "risk update" is a report on changes to the risk profile of the project. It would include information on new risks that have been identified, changes in the likelihood or impact of existing risks, and any actions taken to address them. Again, while the delay in getting the permit could be included in a risk update, it would not be classified as a risk update in itself.
Therefore, the most appropriate classification for the delay in getting the permit is a project issue, as it is a problem that needs to be resolved to keep the project on track.