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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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39 comments · newest first
PE
Pearline
11 months ago
Reviewing the risk severity matrix is a good idea too!
LE
Leontine
11 months ago
Seeking an expert opinion could help clarify things.
EV
Eve
12 months ago
But what if the risk is really negligible next time?
ZO
Zoila
12 months ago
Totally agree, we need to be prepared for surprises!
IR
Iraida
1 year ago
I think establishing an on-call risk response team makes sense.
TE
Temeka
1 year ago
Accepting the risk seems risky itself! I feel like we need a more proactive strategy, but I can't recall if that's what we practiced.
LA
Lauran
1 year ago
Seeking an expert opinion sounds like a solid choice, especially since we can't always predict how risks will evolve.
DO
Dorothy
1 year ago
I think reviewing the risk severity matrix could help in assessing future risks better, but I wonder if it might take too long to implement.
CH
Charlette
1 year ago
I remember discussing the importance of having a risk response team, but I'm not sure if establishing one on-call is the best approach for every situation.
GL
Glory
1 year ago
This seems straightforward to me. The best option is to establish an on-call risk response team. That way, the company can quickly mobilize and respond to any unexpected geopolitical risks that arise in the future.
CO
Cortney
1 year ago
I'm a bit confused by this question. I'm not sure if I fully understand the scenario and what the stakeholders are looking for. I'll need to re-read it a few times to make sure I'm on the right track.
BR
Britt
1 year ago
Okay, I think I've got a handle on this. The key is to recommend a solution that addresses the unexpected nature of the risk and ensures the company is prepared for similar situations in the future.
DO
Doyle
1 year ago
Hmm, this is a tough call. I'm leaning towards establishing an on-call risk response team, but I want to make sure I understand the full context before deciding.
FE
Fernanda
1 year ago
This seems like a tricky one. I'll need to carefully consider the options and think through the implications of each recommendation.
TW
Twila
1 year ago
Okay, I've got a strategy here. I'll focus on the requirements of protecting against SQL injection and web-based attacks, while also minimizing operational overhead. I think one of the AWS security services might be the best fit.
RE
Renea
1 year ago
I think the answer is the Cost of Rework, but I'm not 100% sure. I'll review my notes quickly before submitting my answer.
JO
Joseph
1 year ago
I remember this topic had some cost comparisons in the study materials, but I'm still unsure if "cost-effective" means it's cheaper than all alternatives.
GE
Geoffrey
1 year ago
Ah, the old 'unexpected geopolitical risk' trick. Guess someone's been watching too many spy movies. But seriously, an on-call risk response team is a smart move.
ER
Erin
1 year ago
I bet the stakeholders are feeling pretty sheepish after that whole ordeal. They should probably review the risk severity matrix to make sure they're not overreacting next time.
MA
Matilda
1 year ago
D) Review the risk severity matrix
GR
Graham
1 year ago
C) Establish an on-call risk response team
JU
Junita
1 year ago
B) Seek an expert opinion
NE
Nelida
1 year ago
A) Accept the risk
RO
Rosendo
1 year ago
Accept the risk? Are you kidding me? That's like playing Russian roulette with the company's future. Gotta be proactive and set up that risk response team!
JU
Juan
1 year ago
C) Establish an on-call risk response team
GE
Gearldine
1 year ago
B) Seek an expert opinion
BE
Bethanie
1 year ago
A) Accept the risk
JE
Jessenia
2 years ago
I'm not sure an expert opinion would be enough in this case. The risk turned out to be negligible, so I think reviewing the risk severity matrix is the way to go.
AL
Allene
1 year ago
C) Establish an on-call risk response team
ED
Edda
1 year ago
B) Seek an expert opinion
NG
Nguyet
1 year ago
A) Accept the risk
LE
Leila
2 years ago
Wow, that's a tricky one! I'd recommend establishing an on-call risk response team. That way, you're prepared to tackle any unexpected geopolitical risks head-on.
RE
Reena
1 year ago
D) Review the risk severity matrix
SH
Sharen
1 year ago
C) Establish an on-call risk response team
RO
Rosendo
1 year ago
B) Seek an expert opinion
SI
Simona
1 year ago
A) Accept the risk
AZ
Azalee
2 years ago
I believe establishing an on-call risk response team would also be beneficial for quick decision-making.
DI
Dianne
2 years ago
I agree with Tarra, getting expert advice is crucial in such situations.
TA
Tarra
2 years ago
I think we should seek an expert opinion.