Geostrategy Imperative: How it Elevates Risk Management

As geopolitical volatility reigns, organizations must increasingly anticipate, assess and manage the risks that come in such a complex project environment. How is this turbulence affecting project leaders? How are they incorporating geostrategy into their risk management processes? We discuss this with: 

Heather Buchanan, PMI-RMP, PMP, supply chain project manager, Canada Goose, Toronto: She discusses how geopolitical volatility’s impact extends beyond the triple constraint. She explains how project teams are handling change with strategic shifts and proactive planning, and how she ensures her teams keep geopolitical considerations at the forefront. Plus, Buchanan talks about how subject matter experts, tech tools and even PMI helps her stay up-to-date on geostrategy. 

Rosa Gilsanz, PMI-RMP, PMP, project leader, Bayernoil, Munich: Gilsanz shares why geopolitical issues can wreak havoc with energy projects, the importance of a diverse team in risk identification, prioritization and mitigation planning, and how she uses clear communication and knowledge sharing to bolster her team’s resilience and adaptability amid uncertainty. 

Key themes

[01:09] Geostrategy’s impact on project teams’ risk management 

[03:25] Managing risk and change with flexibility and contingency planning  

[05:49] Discussing geopolitical considerations—from tariffs to labor laws—with teams

[08:10] Identifying and prioritizing risks with AI, subject matter experts and online alerts

[12:19] How the energy sector is affected by geopolitical volatility

[15:14] Why you need a diverse team for risk management practices 

[17:03] Improving risk resilience on teams through communication and knowledge sharing