ExpertPMP · Question 77 · Task 6: Build a team
A project manager is building a team for a blockchain-based financial services project that requires expertise in distributed ledger technology, regulatory compliance, cybersecurity, and financial modeling. The organization has limited internal expertise in blockchain technology, and the project has aggressive timelines with high regulatory scrutiny. The budget allows for either building internal capability through hiring or engaging external specialists, but not both approaches simultaneously. What should the project manager do FIRST?
A project manager is building a team for a blockchain-based financial services project that requires expertise in distributed ledger technology, regulatory compliance, cybersecurity, and financial modeling. The organization has limited internal expertise in blockchain technology, and the project has aggressive timelines with high regulatory scrutiny. The budget allows for either building internal capability through hiring or engaging external specialists, but not both approaches simultaneously. What should the project manager do FIRST?
Answer options:
Analyze the organization's long-term blockchain strategy and regulatory environment to inform the capability building vs. external expertise decision
Engage external blockchain specialists to meet the aggressive timeline and regulatory requirements
Hire permanent blockchain experts to build long-term organizational capability in this emerging technology
Request additional budget to pursue both internal hiring and external consulting simultaneously
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