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ISM Exam LEAD Topic 1 Question 6 Discussion

Actual exam question for ISM's Leadership and Transformation in Supply Management exam
Question #: 6
Topic #: 1
[All Leadership and Transformation in Supply Management Questions]

The possibility that purchased software will not function as planned or that new software will emerge making existing software obsolete can be described as which of the following types of risks?

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Suggested Answer: D

Risk Categorization: Technical risks are associated with the technology itself, including the possibility of malfunction or obsolescence.

Software Risks: The risk that software will not function as planned or become obsolete falls squarely within the realm of technical risks. This includes compatibility issues, performance problems, and the emergence of superior alternatives.

Mitigation Strategies: Addressing technical risks involves thorough testing, staying updated with technology trends, and having contingency plans in place.

Reference: The categorization of risks into technical, operational, environmental, and data security is widely recognized in risk management frameworks such as ISO 31000 and the Project Management Body of Knowledge (PMBOK).


by Rozella at Jul 14, 2024, 01:15 AM

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Lavonna
9 days ago
Ha! Data security, really? That's like saying my dog is the answer to this question. Technical risk is the way to go.
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Mitsue
3 days ago
I agree, technical risk is definitely a major concern when it comes to software.
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Iesha
18 days ago
I see your point, Dona, but I still think D) Technical is the best choice here.
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Dona
21 days ago
I'm not sure, but I think it could also be B) Operational because it affects how the software operates.
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Isadora
22 days ago
Technical risk, for sure. It's all about the technical aspects of the software, not environmental or security concerns.
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Kayleigh
5 days ago
I think operational risk can also play a role in software functionality.
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Helene
7 days ago
I agree, technical risk is definitely a concern when it comes to software.
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Karma
23 days ago
I agree with Ulysses, it makes sense because it's about software functionality.
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Edna
26 days ago
Data security? Really? I don't see how that's related to the question at all. Technical risk is the obvious choice here.
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Lang
9 days ago
I agree, the possibility of software becoming obsolete is definitely a technical risk.
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Alesia
20 days ago
I think technical risk is the most relevant in this case.
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Ulysses
1 months ago
I think it's D) Technical.
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Theresia
1 months ago
Operational risk? I mean, if the software doesn't work, that's definitely going to impact operations, right?
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Matthew
1 months ago
I think the answer is technical risk. Software not functioning as planned or becoming obsolete definitely falls under that category.
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Arlette
27 days ago
Yes, I think technical risk is the correct answer here.
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Daniel
28 days ago
I agree, technical risk makes the most sense in this scenario.
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