QuestionQ159

Risk Management and Security Frameworks

A project team member has just identified a new project risk. The risk event is assessed as having a significant impact but a low probability on the project. If it occurs, it will delay the project by three weeks, which will create a new project risk. What should the project manager do with this risk event?

  • A Add the identified risk to the issues log.
  • B Add the identified risk to a quality control management control chart.
  • C Add the identified risk to the low-level risk watchlist.
  • D Add the identified risk to the risk register.
Explanation

A risk register records identified project risks, including their probability, impact, potential consequences, and planned responses. A high-impact risk requires formal tracking even when its probability is low. An issues log is used for events that have already occurred, while a low-level watchlist is for low-priority risks.

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