You are the project manager of the AFD project for your company. You are working with the project team to reassess existing risk events and to identify risk events that have not happened and whose…

The correct answer is C. Close the outdated risks. Outdated risks - those that have not happened and whose window of relevance has passed - should be closed. During risk reassessment (a tool in Monitor and Control Risks), the team reviews the risk register to update existing entries and retire risks that are no longer…

Risk Monitoring and Reporting

Question

You are the project manager of the AFD project for your company. You are working with the project team to reassess existing risk events and to identify risk events that have not happened and whose relevancy to the project has passed. What should you do with these events that have not happened and would not happen now in the project?

Options

AAdd the risks to the risk register
BAdd the risks to a low-prioritywatchlist
CClose the outdated risks
DAdd the risk to the issues log

How the community answered

(29 responses)

A
14% (4)
B
10% (3)
C
72% (21)
D
3% (1)

Explanation

Outdated risks - those that have not happened and whose window of relevance has passed - should be closed. During risk reassessment (a tool in Monitor and Control Risks), the team reviews the risk register to update existing entries and retire risks that are no longer applicable. Adding them to the active risk register (A) would clutter it with irrelevant items. Moving them to a low-priority watchlist (B) still keeps them open unnecessarily. Adding them to the issues log (D) is incorrect because issues are risks that have already occurred, not ones that have passed without materializing. Formally closing risks maintains the integrity and relevance of the risk register.

Topics

#Risk Closure#Outdated Risks#Risk Monitoring#Risk Register Maintenance

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