A portfolio manager discovers a serious, unanticipated issue in the area of portfolio performance, and an urgent decision is required to resolve the issue. Which action should the portfolio manager ta

Question

Options

• AReview the risk register and select an appropriate response.
• BEscalate the issue during a portfolio review meeting.
• CConvene an emergency meeting or teleconference.
• DContact the portfolio sponsor and ask for a decision.

• A
  72% (33)
• B
  4% (2)
• C
  7% (3)
• D
  17% (8)

Explanation

Even for unanticipated issues, the first step is to consult the risk register - it may contain related risks, pre-approved response strategies, or risk owners relevant to the situation. This grounds any decision in documented risk intelligence before escalating or acting. Escalating during a scheduled portfolio review meeting (B) is too slow for an urgent issue. Convening an emergency meeting (C) or contacting the sponsor (D) are appropriate escalation steps, but they should follow an initial assessment of the documented risk landscape. Acting before consulting existing documentation wastes time and may duplicate or contradict established plans.

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