During the initiation stage the Corporate Quality Manager advised the project manager that ABC Company's risk management tool should be used by the project.
The project manager prefers an alternative tool and has documented this in the projects risk management approach which has been approved by the project board.
Is this an appropriate application of the risk management approach, and why?
The correct application of the risk management approach should align with the corporate standards and tools set by the organization, unless there is a compelling reason to deviate, which must be approved by higher authorities. Since the Corporate Quality Manager advised that the ABC Company's risk management tool should be used, the project manager should specify the use of the corporate tool in the risk management approach unless otherwise directed by the corporate governance. Therefore, the project's risk management approach should specify the use of the corporate risk management tool.
B. Yes, because the risk management approach should include the tools and techniques to be used for risk management