Register now or log in to join your professional community.
in the risk register upon completion of the risk identification process EXCEPT: A. Update risk categories B. List of potential responses C. Rot causes of risks D. Risk audits E. List of identified risks
The answer to the above question is "D" which is RISK Audit is not part of the risk register
Ecept Risk Audit we can include rest
in the risk register upon completion of the risk identification process EXCEPT
Risk audits
Create the Risk Register - this step will be undertaken when the project plan is approved and the Risk Section of the project plan should serve as the basis for the document.
Record active risks - keep track of active risks by recording them in the Risk Register along with the 1.date identified.
2. date updated.
3.target date and closure date.
Other useful information to include in the risk identification number, a description of the risk, type and severity of risk, its impact, possible response action and the current status of risk.
Assign a unique number to each risk element - this will help to identify each unique risk so that you know if that risk eventuates during the project and what the status of the risk is at any given time. Keeping this number consistent throughout the project will make it easy to see how this risk links into the Project Status Report, Risk Identification, and Risk Impact Form.
The risk register addresses risk management in four key steps:
(1) identifying the risk
(2) evaluating the severity of any identified risks
(3) applying possible solutions to those risks and
(4) monitoring and analyzing the effectiveness of any subsequent steps taken
D. Risk audits --------------------------
