A project team member has just identified a new project risk. The risk event is determined to have significant impact but a low probability in the project. Should the risk event happen it'll cause the project to be delayed by three weeks, which will cause new risk in the project. What should the project manager do with the risk event? Response:

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B. Add the identified risk to the risk register. The risk register is the primary document used to record, track, and manage all identified project risks, including their probability, impact, potential responses, and owners. Even risks with low probability but high impact, or those that could lead to secondary risks, must be systematically captured here to ensure proper oversight and management throughout the project lifecycle.

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A. Add the identified risk to a quality control management control chart. A quality control management control chart is used for monitoring process stability and identifying deviations from quality standards, not for recording identified project risks.

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C. Add the identified risk to the issues log. An issues log is used to track current problems or impediments that have already occurred, whereas the identified item is a risk (a potential future event).

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D. Add the identified risk to the low-level risk watchlist. While a low-level risk might eventually be placed on a watchlist, the initial and essential step for any identified risk is to add it to the comprehensive risk register for full documentation and initial assessment before determining its management strategy.

A project team member has just identified a new project risk. The risk event is determined to have significant impact but a low probability in the project. Should the risk event happen it'll cause…

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