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…

Accepting the risk is a response strategy, not a recommendation for improving future risk assessment processes.

Seeking expert opinion is a technique for analyzing specific risks, not a systemic improvement to the risk evaluation framework.

Establishing an on-call risk response team is a reactive operational measure and does not address the root cause of inaccurate risk severity assessment.

Reviewing the risk severity matrix is appropriate because the outcome revealed a disconnect between the initial severity rating and the actual impact - the matrix used to score and categorize risks may have overstated the likelihood or impact of this type of geopolitical event. Refining the matrix improves future risk prioritization and prevents wasted resources on over-rated threats.