Your project team has identified a project risk that must be responded to. The risk has been recorded in the risk register and the project team has been discussing potential risk responses for the…

Corrective action is a legitimate response to a risk event - it is the recommended action taken to realign project performance with the project management plan when a risk has occurred or is about to occur. While risk audits, technical performance measurement, and earned value management are valuable monitoring tools used in risk control, none of them constitute an action that responds to or addresses the risk event itself.

A risk audit examines the effectiveness of the risk management process and risk responses, but it is a monitoring technique, not a direct response to a specific risk event.

Technical performance measurement compares technical accomplishments against plan to detect variances; it is a monitoring activity used to identify potential risk triggers, not a risk response.

Earned value management measures project cost and schedule performance; it is an analysis and monitoring technique, not a mechanism for responding to an identified risk event.