QuestionQ182

VerifiedRisk Management

Management has asked you to conduct a risk audit and report the results. Bonny, a project team member, asks what a risk audit is. What do you tell Bonny?

Explanation

A risk audit examines and documents how effective risk responses are at addressing identified risks and their root causes, and how effective the project’s risk management process is overall. Ongoing risk monitoring and review also evaluates the effectiveness of risk response actions.

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