CAPM Regulatory Compliance 5

Question 1

A project is delayed because the team is waiting for a government permit. This delay is BEST classified as:

Accepted Answer

An external dependency

Answer

Government permit approvals are external dependencies outside the project team's control that can affect schedule.

Question 2

Non-compliance with a regulatory requirement discovered late in a project will MOST likely result in:

Accepted Answer

Significant rework, delays, and potential legal penalties

Answer

Late discovery of non-compliance typically requires costly rework, causes delays, and may result in legal fines or other penalties.

Question 3

Which stakeholder is typically responsible for ensuring a project meets all applicable regulatory requirements?

Accepted Answer

The project manager, with support from subject matter experts

Answer

The project manager owns overall compliance responsibility but relies on legal, technical, and regulatory subject matter experts for specialized guidance.

Question 4

In risk management, a regulatory fine for non-compliance is classified as which type of risk event?

Accepted Answer

Threat

Answer

Regulatory fines are negative consequences (threats) that result from failing to meet compliance obligations.

Question 5

A project team member recommends skipping a required environmental impact assessment to save time. The project manager should:

Accepted Answer

Refuse and explain that regulatory requirements are mandatory

Answer

Mandatory regulatory requirements cannot be skipped; the project manager must enforce compliance regardless of schedule pressure.

CAPM Practice Test

CAPM Practice Test

CAPM Regulatory Compliance 5