A new risk manager has been assigned to a project experiencing delays, quality issues, low performance, and client complaints. The work is being completed with the client's vendor, which apparently ha

The correct answer is D. Review the risk registry.. The risk registry is a document that records the identified risks, their characteristics, their status, and their responses. It is a key input for risk management and a source of information for project stakeholders. The risk manager should review the risk registry first to under

Risk Monitoring and Reporting

Question

A new risk manager has been assigned to a project experiencing delays, quality issues, low performance, and client complaints. The work is being completed with the client's vendor, which apparently has been causing all of the issues. What should the risk manager do first?

Options

AEnhance risk identification.
BReview the contingency reserves.
CCreate a risk response plan.
DReview the risk registry.

How the community answered

(28 responses)

A
11% (3)
B
7% (2)
C
4% (1)
D
79% (22)

Explanation

The risk registry is a document that records the identified risks, their characteristics, their status, and their responses. It is a key input for risk management and a source of information for project stakeholders. The risk manager should review the risk registry first to understand the current state of the project risks, especially the ones related to the client's vendor, and to evaluate the effectiveness of the risk responses implemented so far. Enhancing risk identification, reviewing the contingency reserves, and creating a risk response plan are possible actions that the risk manager may take after reviewing the risk registry, but they are not the first thing to do.

Topics

#Risk Registry#Risk Monitoring#Risk Manager Onboarding#Risk Management Process

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