A project manager is running a high-cost telecommunications project. There is a monthly status meeting, and the risk manager should provide an update to the project team and project sponsors on major

Question

Options

• ATop priority risks at present, risks closed in the last period, milestone changes
• BTop priority risks at present, risks that have occurred, risk management plan
• CTop priority risks at present, risks that have occurred, changes in scope
• DTop priority risks at present, risks that have occurred, risks closed in the last period

• A
  3% (1)
• B
  8% (3)
• C
  13% (5)
• D
  77% (30)

Explanation

A risk status update in a periodic status meeting should cover three essential areas: (1) current top priority risks, so stakeholders understand what threats require attention now; (2) risks that have materialized/occurred, so the team and sponsors are aware of actual impacts; and (3) risks closed in the last period, to demonstrate risk management progress. The risk management plan (Option B) is a planning document, not a status update. Milestone changes (Option A) and scope changes (Option C) are general project updates, not risk-specific information appropriate for a risk status report.

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