There is confusion among risk action owners on a project about when and under which conditions they should initiate risk responses. Project team members often need to consult with the risk manager to

The correct answer is B. Revisit the risk thresholds and triggers.. Risk triggers are predefined conditions or events that signal a risk is about to occur or has occurred, and risk thresholds define the level at which a risk warrants a response. When risk action owners are confused about 'when and under which conditions' to act, the root cause is

Risk Monitoring and Reporting

Question

There is confusion among risk action owners on a project about when and under which conditions they should initiate risk responses. Project team members often need to consult with the risk manager to get this conflict resolved. What should the risk manager do to resolve this recurring situation?

Options

AReview the stakeholders' risk appetite.
BRevisit the risk thresholds and triggers.
CUpdate the risk response strategies.
DProvide coaching to the risk action owners.

How the community answered

(38 responses)

A
5% (2)
B
82% (31)
C
11% (4)
D
3% (1)

Explanation

Risk triggers are predefined conditions or events that signal a risk is about to occur or has occurred, and risk thresholds define the level at which a risk warrants a response. When risk action owners are confused about 'when and under which conditions' to act, the root cause is poorly defined or unclear triggers and thresholds. Revisiting and clarifying these ensures that action owners have unambiguous, objective criteria for initiating responses without needing to consult the risk manager each time. Coaching, updating strategies, or reviewing appetite are secondary measures that do not address the core confusion about activation criteria.

Topics

#Risk Thresholds#Risk Triggers#Risk Response Execution#Risk Monitoring

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