Risk Response Planning

Correct Answer: A team member with strong cross-cultural experience and local presence

The best person to own cultural communication risks in a multinational project is a team member with strong cross-cultural experience and local presence. Here's why: Strengths of the correct answer: - Local presence enables real-time monitoring and quick response to cultural issues - Cross-cultural experience provides practical insights into navigating cultural differences - Being a team member means they understand the day-to-day challenges and team dynamics Why other options are less suitable: - A senior project manager may be too removed from daily cultural interactions - A headquarters-based communication specialist lacks local context and real-time presence - A certified risk professional, while skilled in risk management, may not have the specific cultural expertise needed The key differentiator is the combination of local presence and cross-cultural experience, which is essential for: - Identifying cultural nuances early - Building trust across teams - Facilitating effective communication - Understanding regional contexts - Implementing culturally appropriate solutions

Correct Answer: Full decision authority while remaining accountable for the overall risk outcome

The risk owner must maintain full decision authority while remaining accountable for the overall risk outcome because: A risk owner has ultimate accountability for the risk and its outcomes, even when delegating tasks. They need sufficient authority to make decisions and delegate work effectively, but cannot transfer their accountability. Key principles: - Risk owners retain accountability even when delegating - They need authority aligned with their accountability - They can delegate tasks but not accountability Why other options are incorrect: Limited authority requiring PM approval undermines the risk owner's ability to respond effectively and creates unnecessary bottlenecks. Complete transfer of responsibilities contradicts the core principle that risk owners must maintain accountability. Shared decision authority creates confusion about roles and dilutes clear ownership, which can lead to delays and conflicts in risk response.

Correct Answer: A detailed risk register with clear risk response strategies and success metrics

A detailed risk register with clear risk response strategies and success metrics is essential before assigning a risk owner because: 1. It defines clear expectations and responsibilities 2. It establishes measurable success criteria 3. It outlines specific response strategies the owner must implement 4. It provides a framework for accountability and monitoring The other options are less suitable because: A stakeholder analysis matrix focuses on team members rather than specific risks and their management requirements. Project management plans and procedures are too broad in scope and don't provide the specific risk-related details needed for ownership assignment. A risk assessment matrix only shows impact and probability values but lacks the crucial response strategies and success metrics needed for effective risk ownership.