The risk manager of a major project needs to ensure the organizational process assets (OPAsj are updated as a result of risk management activities. How will the risk manager accomplish this?

The correct answer is B. Arranging periodic risk: management process audits. Organizational Process Assets (OPAs) such as risk databases, lessons learned repositories, and risk management templates are updated through formal risk management process audits. These audits examine whether risk processes are being followed correctly and whether responses are…

Risk Monitoring and Reporting

Question

Options

AEnsuring that the project sponsor is kept well-informed
BArranging periodic risk: management process audits
CCommunicating the status of risks regularly to stakeholders
DMonitoring costs with intervention when necessary

How the community answered

(28 responses)

A
7% (2)
B
71% (20)
C
4% (1)
D
18% (5)

Explanation

Organizational Process Assets (OPAs) such as risk databases, lessons learned repositories, and risk management templates are updated through formal risk management process audits. These audits examine whether risk processes are being followed correctly and whether responses are effective, producing documented findings that are incorporated into OPAs for future use. Option A (keeping the sponsor informed) is good stakeholder communication but does not update OPAs. Option C (communicating risk status to stakeholders) is a reporting activity, not an OPA-updating mechanism. Option D (monitoring costs) is a cost control activity unrelated to updating process assets.

Topics

#Organizational Process Assets (OPAs)#Risk management process audits#Process improvement#Lessons learned

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