Program Management Professional (PgMP) — Question 207

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?

Answer options

• A. Accept the risk
• B. Seek an expert opinion
• C. Establish an on-call risk response team
• D. Review the risk severity matrix

Correct answer: D

Explanation

The correct answer is D because reviewing the risk severity matrix helps stakeholders understand and categorize risks more accurately, allowing for better preparation in future scenarios. Accepting the risk (A) does not actively address potential issues, while seeking expert opinion (B) and establishing an on-call team (C) may not be necessary if the risk can be effectively managed through proper analysis.