Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio…

Selecting primary and alternative strategies is indeed a risk owner responsibility, but it is only one of several, making this choice incomplete on its own.

Making decisions on the most appropriate response strategy is a valid responsibility, but selecting only this option omits the other equally valid duties of a risk owner.

According to the Standard for Portfolio Management, a risk owner is accountable for the full lifecycle of an assigned risk response. This includes selecting primary and alternative strategies (A), making decisions on the most appropriate response or mix of strategies (B), and developing contingency plans with defined trigger conditions (D). All three represent legitimate and distinct risk owner duties that apply concurrently.

Developing contingency plans and identifying trigger conditions is a legitimate risk owner task, but selecting it alone excludes the other correct responsibilities.