During a program to develop a new enterprise software suite, a key stakeholder from the quality assurance team identifies a significant new threat: a recently announced security vulnerability in a third-party library that may disrupt the integration testing phase planned for next quarter. As the program manager, which of the following is the most effective initial response?
Analyze the threat's likelihood and impact, add it to the program risk register, and begin developing response options.
Instruct the relevant component project manager to analyze and manage the threat independently.
Note the concern and schedule a discussion for the next scheduled program risk review meeting.
Immediately escalate the threat to the program steering committee and request a decision on how to proceed.
The correct response is to follow the standard risk management process. This involves analyzing the newly identified threat to understand its probability and potential impact, formally documenting it in the program's risk register, and then developing a response plan. Escalating immediately to the steering committee is premature without first conducting an analysis to provide them with necessary context. Delegating the risk to a project manager may be inappropriate if the threat impacts multiple components or the program as a whole. Waiting for a routine meeting delays a timely response to a potentially serious threat.
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What is a program risk register and why is it important?
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What factors should be considered when analyzing a threat's likelihood and impact?
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Why isn't it appropriate to delegate this particular threat to a single project manager?
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PgMP
Stakeholder Engagement
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