Which of the following is NOT an objective of a risk audit?

The correct answer is D. Ensuring that each risk identified and deemed critical has a computed expected value. Risk audits focus on: evaluating the effectiveness of risk responses (C), confirming risk management was practiced throughout the project lifecycle (A), and confirming the project is well managed with risks under control (B). Computing the expected monetary value (EMV) of critica

Risk Monitoring and Reporting

Question

Options

AConfirming that risk management has been practiced throughout the project life cycle
BConfirming that the project is well managed and that the risks are being controlled
CEvaluating the effectiveness of risk responses in dealing with identified risks
DEnsuring that each risk identified and deemed critical has a computed expected value

How the community answered

(23 responses)

A
4% (1)
B
4% (1)
D
91% (21)

Explanation

Risk audits focus on: evaluating the effectiveness of risk responses (C), confirming risk management was practiced throughout the project lifecycle (A), and confirming the project is well managed with risks under control (B). Computing the expected monetary value (EMV) of critical risks is a quantitative risk analysis technique, not an objective of a risk audit. Risk audits are process-effectiveness reviews, not recalculations of risk metrics.

Topics

#Risk Audit#Risk Monitoring#Risk Management Objectives

Community Discussion

No community discussion yet for this question.

Full PMI-RMP Practice