Sample interview questions: How do you assess and manage the potential impact of external risks (e.g., natural disasters, geopolitical events) on project portfolios?
Sample answer:
Assessing External Risks:
- Environmental scanning: Regularly monitor external news sources, industry reports, and data analytics to identify potential risks.
- Stakeholder engagement: Engage with stakeholders, including clients, regulators, and experts, to gather insights and identify potential threats.
- Scenario planning: Develop multiple hypothetical scenarios to assess the potential impact of external risks on project portfolios.
Managing External Risks:
- Prioritize risks: Use risk assessment techniques to identify and prioritize risks based on their likelihood and potential impact.
- Develop mitigation strategies: Create and implement proactive strategies to reduce the likelihood or impact of prioritized risks.
- Contingency planning: Develop contingency plans that outline actions and resources needed to address potential risks if they materialize.
- Monit… Read full answer
Source: https://hireabo.com/job/1_3_28/Project%20Portfolio%20Analyst