Because risk management is relatively new on projects in your company, you decide to examine and document the effectiveness of risk responses in dealing with identified risks and their root causes…

The correct answer is A. Conduct a risk audit. The risk audit is a tool and technique in the control risks process with two purposes: to assess the effectiveness of risk responses and to evaluate the effectiveness of the risk management [Monitoring and Controlling] PMI®, PMBOK® Guide, 2013, 351

Risk Monitoring and Reporting

Question

Because risk management is relatively new on projects in your company, you decide to examine and document the effectiveness of risk responses in dealing with identified risks and their root causes. You therefore______________

Options

AConduct a risk audit
BHold a risk status meeting
CEnsure that risk is an agenda item at regularly scheduled staff meetings
DReassess identified risks on a periodic basis

How the community answered

(35 responses)

A
71% (25)
B
9% (3)
C
3% (1)
D
17% (6)

Explanation

The risk audit is a tool and technique in the control risks process with two purposes: to assess the effectiveness of risk responses and to evaluate the effectiveness of the risk management [Monitoring and Controlling] PMI®, PMBOK® Guide, 2013, 351

Topics

#Risk Audit#Risk Response Effectiveness#Process Improvement#Lessons Learned

Community Discussion

No community discussion yet for this question.

Full PMI-RMP Practice