A multinational company plans to expand into a country where it currently has no presence. A project manager is assigned and has reviewed the business case. What should be considered first when developing the implementation strategy?

The correct answer is to evaluate environmental and regulatory factors and identify high-level risks and assumptions. Before developing an implementation strategy for a new country, understanding the local context is paramount. This includes legal, political, economic, social, and technological factors, as well as specific regulations that could impact the project. Identifying high-level risks and assumptions early allows for informed strategic planning and risk mitigation. Acquiring resources prematurely without understanding the environment could lead to inefficiencies or non-compliance. While identifying and monitoring risks is crucial, it follows the initial environmental assessment. Confirming sponsor agreement on deliverables and timeline is also important but comes after a foundational understanding of the operating environment.