What two actions should the risk manager do next?

A new risk manager has been hired on a project and meets with the project director. The project director supplies the project’s risk register and asks the risk manager for an analysis of its effectiveness.

What two actions should the risk manager do next? (Choose two.)
A . Check to ensure that the risk is supported by a Monte Carlo simulation.
B. Check to ensure that the risks are gathered using Delphi technique.
C. Check for risk classification and that probability and impact are identified.
D. Check to ensure that risk origin, triggering event, and ownership is identified.
E. Check to ensure the risk meeting agenda and supporting documents are distributed.

View Answer

Answer: C,D

Explanation:

The risk manager should first check the risk register for proper risk classification, probability, and impact (C), as these are essential components of an effective risk management process. Next, the risk manager should ensure that the risk origin, triggering events, and ownership are identified (D), as this information helps in assigning responsibilities and taking appropriate actions for each risk. References to these steps can be found in the Project Management Institute’s (PMI) A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition.