A project manager is working on the implementation of new phases in the production process of a regulated industry. Which two stakeholders can help the project manager determine and address…

A risk steering committee primarily focuses on overall enterprise risk management and strategic risk oversight, not the granular operational compliance requirements of a specific production process.

The Chief Executive Officer (CEO) is responsible for the overall strategic direction of the company and may provide executive sponsorship but is typically not involved in determining the detailed operational compliance requirements.

Functional managers are responsible for specific departments or functions within the organization and possess deep knowledge of operational processes, including the regulatory requirements pertinent to their areas. Their expertise is crucial for ensuring compliance in new production phases.

The Board of Directors provides governance and strategic oversight for the entire organization but is not usually involved in the day-to-day determination and addressing of specific project-level compliance requirements.

An advisory team panel often consists of subject matter experts, legal counsel, or regulatory specialists who can provide guidance on complex compliance requirements, industry standards, and best practices, making them invaluable for projects in regulated industries.