During a weekly project review meeting, a stakeholder identifies some new risks. When creating risk responses for these newly identified risks, what should the project team do to discover trends and more efficiently manage the responses?
During a weekly project review meeting, a stakeholder identifies some new risks. When creating risk responses for these newly identified risks, what should the project team do to discover trends and more efficiently manage the responses?
To manage risk responses more efficiently and discover trends, the project team should determine the root causes of the newly identified risks. Identifying root causes helps address the underlying issues that may lead to risks, allowing the team to implement more effective and permanent solutions. This approach is more insightful than merely classifying risks by severity or listing workarounds, as it helps prevent recurrence and provides a comprehensive understanding of the risk environment.
It lis more effective approach to risk management by addressing the fundamental issues that give rise to risks
A is the correct answer. B is wrong as its not workaround. C is wrong as risk owners are identified in Risk identification process and here the process is manage responses. D is also wrong as root cuase is determined while identify risks. So A is best answer.
I also agree with RoyalWarrior
D seems like a more suitable answer then A Root cause analysis is meant to yield a permanent resolution by drilling down to a problem's origins and determining its root causes. Usually, the analysis is quantitative, and the corrective actions are revealed by statistical analysis – but depending on the domain of application, a qualitative approach is also possible. [Generally, you can divide root cause analysis techniques into quantitative tools that rely on data and statistics on the one hand and qualitative tools that rely on logic and reasoning on the other hand.]