A list of risks was identified that could occur during the design phase. Now, the team finished the design phase and those risks did not materialize. What should the project manager do next?

The correct answer is A. Close the risks and update their status in the risk register.. When risks that were identified for a specific phase do not materialize, the project manager must formally close those risks and update their status in the risk register. The risk register is a living document that must reflect the current state of all risks throughout the projec

Risk Monitoring and Reporting

Question

Options

AClose the risks and update their status in the risk register.
BUse their contingency with other risks that are still open.
CRemove the risk from the list as they are no longer applicable.
DReevaluate those risks' severity, and update the risk register.

How the community answered

(42 responses)

A
74% (31)
B
14% (6)
C
7% (3)
D
5% (2)

Explanation

When risks that were identified for a specific phase do not materialize, the project manager must formally close those risks and update their status in the risk register. The risk register is a living document that must reflect the current state of all risks throughout the project lifecycle. Closing risks maintains accurate records and provides historical data for lessons learned. Option C is wrong because risks should never simply be deleted-they must be formally closed with documented outcomes. Option B is incorrect because contingency reserves are not redistributed arbitrarily. Option D is incorrect because there is nothing to reevaluate once a risk window has passed without the risk occurring.

Topics

#Risk closure#Risk register management#Risk monitoring#Risk status update

Community Discussion

No community discussion yet for this question.

Full PMI-RMP Practice