During a project, a key supplier declares bankruptcy. This situation is best described as which type of risk event?

Question

Project Management (PMP) — Hard

During a project, a key supplier declares bankruptcy. This situation is best described as which type of risk event?

Accepted Answer

The supplier's bankruptcy is an unforeseen event that was not anticipated, making it an unidentified risk. This situation materialized as an issue, catching the project team off guard. The correct answer is C, as it accurately describes the risk event. Options A and B are incorrect because they imply prior knowledge or planning.