Which of the following answers best describes what Stephen should do with these risk events?

Stephen is the project manager of the GBB project. He has worked with two subject matter experts and his project team to complete the risk assessment technique. There are approximately 47 risks that have a low probability and a low impact on the project.

Which of the following answers best describes what Stephen should do with these risk events?
A . Because they are low probability and low impact, Stephen should accept the risks.
B . The low probability and low impact risks should be added to a watchlist for future monitoring.
C . Because they are low probability and low impact, the risks can be dismissed.
D . The low probability and low impact risks should be added to the risk register.

View Answer

Answer: B

Explanation:

The low probability and low impact risks should be added to a watchlist for future monitoring.

Incorrect Answers:

A: The risk response for these events may be to accept them, but the best answer is to first add them to a watchlist.

C: Risks are not dismissed; they are at least added to a watchlist for monitoring.

D: While the risks may eventually be added to the register, the best answer is to first add them to the watchlist for monitoring.