Which of the following would be a risk practitioner's BEST course of action when a project team has accepted a risk outside the established risk appetite?
A.
Monitor the residual risk level of the accepted risk.
B.
Escalate the risk decision to the project sponsor for review.
C.
Document the risk decision in the project risk register.
D.
Reject the risk acceptance and require mitigating controls.
B. Escalate the risk decision to the project sponsor for review would be the best course of action for a risk practitioner when a project team has accepted a risk outside the established risk appetite.
When a project team accepts a risk outside the established risk appetite, it means that the team has accepted a risk that may have an impact greater than what is acceptable to the organization. In such a scenario, it is important to escalate the risk decision to the project sponsor for review. The project sponsor can make a decision on whether to accept the risk or not based on the project's objectives and organizational risk tolerance.
When a project team has accepted a risk outside the established risk appetite, a risk practitioner's best course of action would be to engage in a risk review with the project team (sponsor) to understand the reasons behind the decision to accept the risk and to assess the risk's potential impact on the project.
If escalate it should be towards senior management hence answer cant be B. Is that why the answer is C?
upvoted 2 times
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