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Prioritize Risks in Vehicle Program

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Problem

Scenario

You are leading a cross-functional delivery initiative and need to make sure the team is not surprised by avoidable issues late in execution. Several risks are emerging at once: a supplier dependency looks unstable, one workstream has unclear ownership, and senior stakeholders are pushing for timeline certainty before all unknowns are resolved.

Question

How do you prioritize and manage project risks in a situation like this?