An unforeseen geopolitical risk impacts a program to establish a company's operations abroad. Stakeholders now want to establish a risk response team to define a mitigation plan. Ultimately what appeared to be a significant risk resulted in a negligible risk.
What should the program manager recommend to stakeholders for future similar situations?
Suggested Answer: A
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26 comments · newest first
ER
Eric
1 month ago
Accepting the risk might seem easy, but it could lead to bigger issues later.
CO
Coral
1 month ago
Reviewing the risk severity matrix helps understand future risks better.
MA
Magdalene
2 months ago
I agree, but establishing an on-call risk response team could be more proactive.
SO
Soledad
2 months ago
I think seeking an expert opinion is crucial.
LO
Lorrie
2 months ago
D) Review the risk severity matrix makes sense. Understanding risks better helps future planning.
RE
Rebeca
2 months ago
A) Accept the risk seems risky. We need to be proactive, not reactive.
BR
Brynn
2 months ago
I prefer C) Establish an on-call risk response team. Quick responses are crucial.
IZ
Izetta
2 months ago
I think B) Seek an expert opinion is best. Experts can provide insights.
NA
Natalie
3 months ago
D makes sense. Reviewing the matrix helps understand severity better.
MA
Martina
3 months ago
A could work too. Sometimes you just have to accept it.
GA
Galen
3 months ago
I prefer C. An on-call team can respond quickly next time.
GE
Georgene
3 months ago
I think B is a good choice. Expert opinions can clarify risks.
MA
Major
3 months ago
D) Review the risk severity matrix sounds smart. We need to learn from this!
MA
Marjory
4 months ago
A) Accept the risk could work, but only if we have a solid plan in place.
VA
Van
5 months ago
Wait, how did they misjudge the risk so badly? Seems fishy to me.
RE
Rebbecca
5 months ago
I think C) Establish an on-call risk response team is the way to go. Better safe than sorry!
HU
Hui
5 months ago
Definitely B) Seek an expert opinion. Can't hurt to get a second opinion!
BE
Bev
6 months ago
D) Review the risk severity matrix is a must. Can't overlook the basics!
EM
Emmett
6 months ago
Totally agree with A) Accept the risk. Sometimes you just have to roll with it.
CA
Carissa
6 months ago
Wait, how did they misjudge the risk so badly? Sounds fishy.
JO
Josphine
6 months ago
I think C) Establish an on-call risk response team makes sense. Better to be prepared!
MA
Marvel
6 months ago
Definitely B) Seek an expert opinion. Always good to have insights!
ED
Edda
6 months ago
I'm a bit torn between accepting the risk and establishing a risk response team. It seems like both could be valid depending on the context.
RO
Ronna
7 months ago
I feel like reviewing the risk severity matrix could provide valuable insights for future risks. It might help in understanding how to categorize them better.
WE
Wei
7 months ago
I think we practiced a question similar to this, and I leaned towards seeking expert opinions. It could help clarify the situation better.
CY
Cyndy
7 months ago
I remember discussing the importance of having a risk response team in our last class. It seems like a good idea, but I'm not sure if it's the best option here.