What actions are taken in the process of developing and maintaining a program risk register?
What actions are taken in the process of developing and maintaining a program risk register?
The process of developing and maintaining a program risk register involves several key actions. Firstly, assigning ownership of risks with appropriate responsibilities ensures that specific individuals are accountable for managing particular risks. Secondly, documenting agreed-upon response strategies formalizes how the team plans to address identified risks. Finally, providing the foundation for the risk management plan is crucial, as the risk register serves as a central document that guides the risk management activities throughout the program's duration. These tasks collectively help in efficiently managing potential risks and ensuring that all team members are aware of their roles and responsibilities in risk mitigation.
B is the right answer.
A. Assign ownership of risks with appropriate responsibilities, document agreed-upon response strategies, and provide the foundation for the risk management plan. The program risk register is a key tool in risk management that helps to identify, assess, and manage risks throughout the life of a program. The register typically includes: The identification of risks. An assessment of their impact and probability. Strategies for their management. The assignment of ownership for each risk. It serves as a foundation for the risk management plan by outlining how identified risks are to be approached and handled. This plan is used to guide the ongoing risk management activities within the program and is regularly updated as risks evolve or new risks are identified.
D is correct