BICSI
RCDDV15 · Question #170
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…
The correct answer is A. Accept the risk. See the full explanation below for the reasoning.
Program Risk Management
Question
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 appeared to be a significant risk resulted in a negligible risk. What should the program manager recommend to stakeholders for future similar situations?
Options
- AAccept the risk
- BSeek an expert opinion
- CEstablish an on-call risk response team
- DReview the risk severity matrix
How the community answered
(61 responses)- A70% (43)
- B5% (3)
- C8% (5)
- D16% (10)
Topics
#risk acceptance#risk response strategy#geopolitical risk#risk severity
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