An organization that spans across different countries undergoes a digital transformation project. The project manager has assigned a risk management team leader who is a risk management certified cand

Question

Options

• AConduct qualitative risk analysis to prioritize potential risks.
• BPlan a solid risk response plan and secure the necessary funding.
• CEducate stakeholders on best practices to perform risk management.
• DBenchmark to an organization which has executed a similar project,

• A
  3% (1)
• B
  9% (3)
• C
  70% (23)
• D
  18% (6)

Explanation

In the early stages of a large, cross-border digital transformation project, the single most impactful action a risk management team leader can take is to educate stakeholders on risk management best practices (C). Without a shared understanding of risk management principles, the risk management process will be inconsistent, misunderstood, or ignored across different countries and departments. Option A (qualitative risk analysis) comes after risk identification, not at the very start. Option B (planning risk responses and securing funding) is premature before risks are even identified and analyzed. Option D (benchmarking to a similar organization) is a useful technique but is not the first priority - stakeholder alignment and education must come first to ensure the entire team can participate effectively in the risk process.

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