A risk is identified early in the project. After six months, itis determined that the risk does not apply to this particular project. How should the risk be handled by the risk manager?

The correct answer is C. Close the risk during the next risk board meeting and keep it in the risk register.. When a risk is no longer applicable, it should be formally closed through an official process (a risk board meeting) and retained in the risk register as a closed item. This preserves the audit trail, supports organizational process assets, and documents why the risk was closed-v

Risk Monitoring and Reporting

Question

Options

AIgnore the risk and concentrate only on the pertinent risks.
BRemove the risk from the risk register and inform the project manager that it is no longer valid.
CClose the risk during the next risk board meeting and keep it in the risk register.
DConduct a risk analysis to determine how an inappropriate risk was formally accepted.

How the community answered

(50 responses)

A
6% (3)
B
10% (5)
C
82% (41)
D
2% (1)

Explanation

When a risk is no longer applicable, it should be formally closed through an official process (a risk board meeting) and retained in the risk register as a closed item. This preserves the audit trail, supports organizational process assets, and documents why the risk was closed-valuable for lessons learned and future similar projects. Option A (ignore it) is poor practice and creates ambiguity. Option B (remove it) destroys the historical record. Option D (conduct an analysis on why it was accepted) mischaracterizes the situation-the risk was appropriately identified; it simply became irrelevant over time, which is a normal outcome.

Topics

#Risk closure#Risk register management#Risk monitoring#Formal risk process

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