You are the project manager of the NJJ project. Your enterprise environmental factors require that you establish certain risk management rules regarding low risks within your project. What is the best

The correct answer is B. These risks should be placed on awatchlist for future monitoring.. Risks with low probability and low impact are best placed on a watchlist for future monitoring. They do not warrant immediate action or significant resources, but they should not be dismissed outright since conditions can change. Accepting them (A) is possible but placing them on

Risk Monitoring and Reporting

Question

You are the project manager of the NJJ project. Your enterprise environmental factors require that you establish certain risk management rules regarding low risks within your project. What is the best policy for risks with low probability and low impact in the project management?

Options

AThese risks should be accepted.
BThese risks should be placed on awatchlist for future monitoring.
CThese risks should be identified, but dismissed.
DThese risks should be placed in the risk register.

How the community answered

(48 responses)

A
6% (3)
B
75% (36)
C
15% (7)
D
4% (2)

Explanation

Risks with low probability and low impact are best placed on a watchlist for future monitoring. They do not warrant immediate action or significant resources, but they should not be dismissed outright since conditions can change. Accepting them (A) is possible but placing them on a watchlist is the best practice per PMBOK. They should still be documented in the risk register (D), but the watchlist specifically handles low-priority risks that need passive monitoring.

Topics

#Risk response strategies#Low priority risks#Watchlist#Risk monitoring

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