After presenting a list of risks to the major project stakeholders and project sponsor, the board requested the risks be sorted differently from the results presented by the project team. This is a…

Question

Options

• AEngaging the key stakeholders during the prioritization process
• BPrioritizing the risks based on the project sponsor's risk appetite
• CEngaging with the project sponsor before presenting to the board
• DWorking with an established industry standard prioritization method

• A
  77% (43)
• B
  13% (7)
• C
  4% (2)
• D
  7% (4)

Explanation

The board requested a different risk prioritization scheme, indicating their criteria and preferences were not reflected in the team's output. This could have been avoided by engaging key stakeholders during the prioritization process (A), not just presenting results to them afterward. Stakeholder engagement during prioritization ensures that their risk appetite, strategic concerns, and preferences are built into the methodology from the start-eliminating the surprise at the end. Option C (engaging the sponsor before presenting) is partial but misses the broader group. Option B (using the sponsor's risk appetite alone) ignores other key stakeholders. Option D (using an industry standard) does not account for organization-specific stakeholder perspectives.

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