An issue arises regarding accountability on one of the major risks in a portfolio. Which area within the portfolio risk management plan should be reviewed immediately to rectify this issue?

Question

Options

• ARisk matrix with probability and impacts
• BMethodology owners
• CRisk register
• DRoles and responsibilities

• A
  14% (5)
• B
  8% (3)
• C
  72% (26)
• D
  6% (2)

Explanation

The risk register is the artifact where individual risks are documented along with their assigned risk owners - the parties accountable for monitoring and managing each specific risk. When an accountability issue arises for a particular risk, the risk register is the first place to look because it contains the risk owner assignment for that specific entry. Roles and responsibilities (D) define general accountability for the risk management process overall, not for individual risks. The risk matrix (A) covers probability and impact scoring. Methodology owners (B) refers to process ownership, not risk ownership. Reviewing and updating the risk register resolves accountability gaps at the individual risk level.

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