The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has that exceeds the risk levels documented in the risk management plan.
What would be the best course of action for the company to take with the project based on its current scope?
Given that the company is risk-seeking and has had success with its current strategy, the most appropriate step would be to conduct a stakeholder meeting to validate stakeholder risk appetite. This ensures that the stakeholders' tolerance for risk is aligned with the project's level of risk before making any decisions such as monitoring ongoing risks or canceling the project.
Cancel the project without examining and having results is unacceptable at first. First thing to do is analyze consequences. So option B, quantify the risks you are having to check overall project risks in order to have some data to be able to decide. Then, be transparent and conduct stakeholder meeting (Option D) should be the next thing to do. Lastly, you could either cancel the project or Monitor closely (options C and A).