A project in the execution phase at the customer's site has an issue concerning new parts that do not fit properly into a machine. The site project manager cannot find this high probability risk in th

The correct answer is D. Risk audit. The appropriate action when a high-probability risk is found to be absent from the risk register is to conduct a risk audit. A risk audit examines the effectiveness of the risk identification and risk management processes to determine why this significant risk was not captured. F

Risk Monitoring and Reporting

Question

A project in the execution phase at the customer's site has an issue concerning new parts that do not fit properly into a machine. The site project manager cannot find this high probability risk in the risk register. What action should the site project manager take?

Options

AVariance analysis
BWorkaround
CRisk assessment
DRisk audit

How the community answered

(58 responses)

A
5% (3)
B
7% (4)
C
16% (9)
D
72% (42)

Explanation

The appropriate action when a high-probability risk is found to be absent from the risk register is to conduct a risk audit. A risk audit examines the effectiveness of the risk identification and risk management processes to determine why this significant risk was not captured. Finding a high-probability risk missing from the register indicates a systemic failure in risk identification that the audit will investigate and document. A workaround (B) addresses the immediate physical problem (parts not fitting) but does not address the process failure. Variance analysis (A) compares planned vs. actual performance. Risk assessment (C) would be used for a new, not yet evaluated risk - but the audit must first establish why the risk was missed.

Topics

#Risk Auditing#Risk Management Process Effectiveness#Unidentified Risks#Issue Management

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