A project manager is running a high-cost telecommunications project. There is a monthly status meeting, and the risk manager should provide an update to the project team and project sponsors on major risks.
What risk related information should be included in the monthly status meeting of this complex project?
For a monthly status meeting in a high-cost telecommunications project, the risk-related information that should be included involves top priority risks at present, risks that have occurred, and risks closed in the last period. These elements provide a comprehensive view of the current risk landscape, the effectiveness of risk responses, and any changes in risk status, which are critical for informing both the project team and project sponsors. Top priority risks inform stakeholders of the most significant risks at the moment. Risks that have occurred provide insight into the risk events that have been realized and their impacts on the project. Risks closed in the last period highlight the progress in risk mitigation and management activities.
Milestones are important, more than risk that have occurred. We are imagining high risks that have happened, but what if they are low-impact risks? Occurring risks is a task for the team only at first (we are planning the responses, not asking stakeholders in a status review meeting)
Agree with AllPMI
Agree with AIIPMI
Correct Answer should be : D Agenda items should cover the following: 1-Top priority risks at present (Are there any changes?). 2-Risks or trigger conditions that have occurred (What is the status of the actions?). 3-Risks responded to in the last period (Effectiveness of actions taken, Are there any additional actions required?). 4-Risks closed in the last period (Impact on the plans). 5-Lessons to be added to the Organizational Process Assets. The reference is risk practice standard Page #104&105