A risk manager is conducting a risk audit review at project completion. Which of the following represents the order that the steps should be performed to complete the full risk audit review?

Question

Options

• AIdentify participants, conduct risk meeting, document findings, update risk management plan
• BArrange risk audit review, identify participants, prepare recommendations, update risk
• CIdentify participants, conduct risk audit reviews, prepare recommendations, document the risk
• DPrepare recommendations, identify participants, conduct risk audit reviews, document the risk

• A
  94% (49)
• B
  2% (1)
• C
  4% (2)

Explanation

The correct sequence for a risk audit at project completion is: (1) Identify participants - determine who needs to be involved in the audit; (2) Conduct risk meeting - bring participants together to review and examine risk management effectiveness; (3) Document findings - record what was discovered during the audit; (4) Update the risk management plan - incorporate lessons learned and findings to improve future risk processes. This order follows a logical progression from preparation to execution to documentation to improvement. Options B, C, and D either place preparation steps out of order or combine steps incorrectly.

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