A new risk manager has been hired on a project and meets with the project director. The project director supplies the project's risk register and asks the risk manager for an analysis of its effective

Question

Options

• ACheck to ensure that the risk is supported by a Monte Carlo simul-ation.
• BCheck to ensure that the risks are gathered using Delphi technique.
• CCheck for risk classification and that probability and impact are identified.
• DCheck to ensure that risk origin, triggering event, and ownership is identified.
• ECheck to ensure the risk meeting agenda and supporting documents are distributed.

• A
  6% (2)
• B
  16% (5)
• C
  69% (22)
• E
  9% (3)

Explanation

An effective risk register must contain enough information to be actionable. Checking for risk classification along with probability and impact assessments (C) ensures each risk has been analyzed and prioritized - a core component of qualitative risk analysis. Checking for risk origin, triggering event, and ownership (D) ensures risks are traceable to their source, have defined conditions that activate the response, and have a responsible party. Together, these two checks verify the register is both analytically sound and operationally usable. Options A and B address specific techniques that are not required for all risk registers, and option E addresses meeting logistics, not register quality.

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